Shake Shack Inc. (NYSE:SHAK) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in shares of Shake Shack Inc. (NYSE:SHAK) by 2.5% in the third quarter, Holdings Channel reports. The firm owned 12,335 shares of the company’s stock after buying an additional 296 shares during the quarter. Natixis Advisors LLC’s holdings in Shake Shack were worth $1,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of SHAK. Marshall Wace LLP raised its stake in shares of Shake Shack by 101.2% during the second quarter. Marshall Wace LLP now owns 544,336 shares of the company’s stock worth $48,990,000 after purchasing an additional 273,822 shares during the last quarter. Armistice Capital LLC raised its position in Shake Shack by 69.1% during the 2nd quarter. Armistice Capital LLC now owns 579,904 shares of the company’s stock worth $52,191,000 after buying an additional 236,950 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Shake Shack by 471.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 255,374 shares of the company’s stock worth $22,984,000 after acquiring an additional 210,717 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Shake Shack by 41.9% in the second quarter. Renaissance Technologies LLC now owns 437,600 shares of the company’s stock valued at $39,384,000 after acquiring an additional 129,200 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Shake Shack by 268.0% during the third quarter. Assenagon Asset Management S.A. now owns 104,358 shares of the company’s stock worth $10,771,000 after acquiring an additional 75,997 shares during the period. Institutional investors and hedge funds own 86.07% of the company’s stock.

Analyst Ratings Changes

SHAK has been the subject of a number of recent analyst reports. Wedbush restated a “neutral” rating and issued a $90.00 price objective on shares of Shake Shack in a research report on Thursday, August 1st. Oppenheimer raised their price target on Shake Shack from $122.00 to $135.00 and gave the company an “outperform” rating in a report on Monday, October 28th. TD Cowen reaffirmed a “buy” rating and set a $125.00 price objective on shares of Shake Shack in a report on Wednesday, September 18th. Piper Sandler cut Shake Shack from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $121.00 to $114.00 in a research report on Monday, August 19th. Finally, Robert W. Baird boosted their target price on shares of Shake Shack from $93.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $112.94.

Shake Shack Stock Performance

Shares of SHAK opened at $132.66 on Wednesday. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 780.35, a PEG ratio of 2.79 and a beta of 1.81. The company has a quick ratio of 1.98, a current ratio of 2.01 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $114.30 and its two-hundred day moving average is $101.51. Shake Shack Inc. has a 52-week low of $59.92 and a 52-week high of $134.90.

Shake Shack (NYSE:SHAK) last issued its earnings results on Wednesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. Shake Shack had a net margin of 0.68% and a return on equity of 6.28%. The business had revenue of $316.92 million for the quarter, compared to analyst estimates of $316.03 million. During the same quarter in the prior year, the business posted $0.17 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. Analysts forecast that Shake Shack Inc. will post 0.82 EPS for the current fiscal year.

Insider Buying and Selling at Shake Shack

In related news, Director Daniel Harris Meyer sold 22,691 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $124.47, for a total transaction of $2,824,348.77. Following the transaction, the director now owns 437,646 shares in the company, valued at $54,473,797.62. This trade represents a 4.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Katherine Irene Fogertey sold 321 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $98.57, for a total value of $31,640.97. Following the sale, the chief financial officer now directly owns 36,822 shares in the company, valued at approximately $3,629,544.54. The trade was a 0.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,433 shares of company stock worth $7,654,856 over the last ninety days. Company insiders own 9.73% of the company’s stock.

About Shake Shack

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. The company was founded in 2001 and is headquartered in New York, New York.