Versor Investments LP Purchases New Position in Shake Shack Inc. (NYSE:SHAK)

Versor Investments LP acquired a new position in Shake Shack Inc. (NYSE:SHAK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,490 shares of the company’s stock, valued at approximately $323,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its position in Shake Shack by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company’s stock worth $2,518,000 after acquiring an additional 100 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Shake Shack by 0.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 31,398 shares of the company’s stock valued at $3,241,000 after purchasing an additional 139 shares during the last quarter. Glenmede Trust Co. NA boosted its holdings in Shake Shack by 1.5% in the third quarter. Glenmede Trust Co. NA now owns 13,293 shares of the company’s stock worth $1,372,000 after purchasing an additional 199 shares in the last quarter. New York State Teachers Retirement System increased its position in Shake Shack by 0.5% during the fourth quarter. New York State Teachers Retirement System now owns 39,225 shares of the company’s stock worth $5,091,000 after buying an additional 200 shares during the last quarter. Finally, Covestor Ltd increased its position in Shake Shack by 41.6% during the third quarter. Covestor Ltd now owns 698 shares of the company’s stock worth $72,000 after buying an additional 205 shares during the last quarter. Institutional investors own 86.07% of the company’s stock.

Analyst Ratings Changes

SHAK has been the subject of a number of analyst reports. TD Securities reaffirmed a “buy” rating and issued a $140.00 price target on shares of Shake Shack in a research report on Friday, February 21st. UBS Group boosted their target price on Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Wedbush lifted their price target on shares of Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Oppenheimer boosted their price objective on shares of Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, Gordon Haskett upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Shake Shack currently has an average rating of “Hold” and a consensus target price of $125.50.

Insider Activity at Shake Shack

In related news, CFO Katherine Irene Fogertey sold 642 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total transaction of $88,281.42. Following the completion of the transaction, the chief financial officer now owns 30,717 shares in the company, valued at $4,223,894.67. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 9.73% of the stock is currently owned by insiders.

Shake Shack Price Performance

Shares of NYSE:SHAK opened at $102.68 on Tuesday. The firm has a market capitalization of $4.36 billion, a PE ratio of 446.43 and a beta of 1.86. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50. Shake Shack Inc. has a 1-year low of $77.50 and a 1-year high of $139.89. The business’s 50 day moving average is $119.92 and its 200-day moving average is $116.78.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The firm had revenue of $328.68 million for the quarter, compared to analyst estimates of $329.02 million. Sell-side analysts predict that Shake Shack Inc. will post 1.26 earnings per share for the current year.

Shake Shack Profile

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.