TD Asset Management Inc Has $1.89 Million Stock Holdings in Shake Shack Inc. (NYSE:SHAK)

TD Asset Management Inc increased its holdings in shares of Shake Shack Inc. (NYSE:SHAK) by 6.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,000 shares of the company’s stock after purchasing an additional 1,200 shares during the quarter. TD Asset Management Inc’s holdings in Shake Shack were worth $1,890,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of SHAK. Norges Bank bought a new stake in Shake Shack during the 4th quarter worth approximately $12,238,000. Jennison Associates LLC bought a new stake in Shake Shack during the 1st quarter worth approximately $16,365,000. Armistice Capital LLC bought a new stake in Shake Shack during the 4th quarter worth approximately $11,213,000. Principal Financial Group Inc. increased its stake in Shake Shack by 31.4% during the 4th quarter. Principal Financial Group Inc. now owns 263,256 shares of the company’s stock worth $19,513,000 after purchasing an additional 62,897 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its stake in Shake Shack by 35.6% during the 2nd quarter. Panagora Asset Management Inc. now owns 114,054 shares of the company’s stock worth $10,265,000 after purchasing an additional 29,952 shares in the last quarter. 86.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SHAK has been the subject of a number of research reports. Capital One Financial started coverage on Shake Shack in a research note on Monday, July 29th. They set an “overweight” rating and a $95.00 target price for the company. Robert W. Baird raised their price target on shares of Shake Shack from $93.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $115.00 price target on shares of Shake Shack in a research note on Wednesday, August 28th. Bank of America raised their price target on shares of Shake Shack from $104.00 to $116.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Finally, JPMorgan Chase & Co. raised their price target on shares of Shake Shack from $102.00 to $105.00 and gave the stock an “underweight” rating in a research note on Monday, June 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $106.37.

Insider Buying and Selling at Shake Shack

In other news, Director Daniel Harris Meyer sold 10,000 shares of Shake Shack stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $110.24, for a total transaction of $1,102,400.00. Following the completion of the sale, the director now owns 470,437 shares of the company’s stock, valued at $51,860,974.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Daniel Harris Meyer sold 10,000 shares of Shake Shack stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $110.24, for a total transaction of $1,102,400.00. Following the completion of the sale, the director now owns 470,437 shares of the company’s stock, valued at $51,860,974.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Katherine Irene Fogertey sold 963 shares of Shake Shack stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $96.03, for a total value of $92,476.89. Following the sale, the chief financial officer now directly owns 37,464 shares of the company’s stock, valued at approximately $3,597,667.92. The disclosure for this sale can be found here. Insiders sold 12,213 shares of company stock valued at $1,311,175 in the last quarter. 9.73% of the stock is currently owned by insiders.

Shake Shack Trading Up 0.2 %

Shares of Shake Shack stock opened at $101.97 on Friday. The business has a fifty day simple moving average of $95.04 and a two-hundred day simple moving average of $97.45. Shake Shack Inc. has a 1 year low of $52.79 and a 1 year high of $111.29. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 185.40, a P/E/G ratio of 2.95 and a beta of 1.83. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.06 and a quick ratio of 2.03.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. Shake Shack had a return on equity of 5.63% and a net margin of 2.23%. The business had revenue of $316.50 million during the quarter, compared to the consensus estimate of $314.37 million. During the same quarter last year, the firm posted $0.18 EPS. The company’s quarterly revenue was up 16.4% on a year-over-year basis. Research analysts forecast that Shake Shack Inc. will post 0.73 EPS 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.