Shake Shack Inc. (NYSE:SHAK) Shares Bought by Axa S.A.

Axa S.A. lifted its position in shares of Shake Shack Inc. (NYSE:SHAK) by 130.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,981 shares of the company’s stock after purchasing an additional 9,601 shares during the period. Axa S.A.’s holdings in Shake Shack were worth $1,528,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in Shake Shack during the 1st quarter worth $25,000. Quest Partners LLC purchased a new stake in shares of Shake Shack during the second quarter worth about $38,000. Covestor Ltd increased its position in shares of Shake Shack by 32,150.0% during the first quarter. Covestor Ltd now owns 645 shares of the company’s stock worth $67,000 after acquiring an additional 643 shares during the last quarter. CWM LLC lifted its stake in shares of Shake Shack by 24.7% in the second quarter. CWM LLC now owns 1,046 shares of the company’s stock worth $94,000 after acquiring an additional 207 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in Shake Shack in the first quarter valued at about $97,000. 86.07% of the stock is owned by institutional investors and hedge funds.

Shake Shack Price Performance

Shares of NYSE:SHAK opened at $103.21 on Tuesday. The company has a current ratio of 2.06, a quick ratio of 2.03 and a debt-to-equity ratio of 0.51. The firm’s 50 day moving average is $99.69 and its two-hundred day moving average is $97.50. The firm has a market capitalization of $4.38 billion, a P/E ratio of 187.66, a PEG ratio of 3.13 and a beta of 1.83. Shake Shack Inc. has a 52 week low of $52.79 and a 52 week high of $111.29.

Shake Shack (NYSE:SHAK) last announced its earnings results on Thursday, August 1st. The company reported $0.27 earnings per share 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 firm had revenue of $316.50 million for the quarter, compared to the consensus estimate of $314.37 million. During the same quarter in the previous year, the business earned $0.18 EPS. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. Analysts anticipate that Shake Shack Inc. will post 0.73 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $115.00 target price on shares of Shake Shack in a research note on Wednesday, August 28th. Piper Sandler downgraded shares of Shake Shack from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $121.00 to $114.00 in a research report on Monday, August 19th. Barclays upped their target price on shares of Shake Shack from $108.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Robert W. Baird boosted their price objective on Shake Shack from $93.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, The Goldman Sachs Group increased their target price on Shake Shack from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Shake Shack presently has an average rating of “Hold” and an average price target of $107.39.

Insider Activity at Shake Shack

In other news, Director Jeffrey Flug sold 304 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $90.39, for a total value of $27,478.56. Following the completion of the sale, the director now directly owns 3,347 shares of the company’s stock, valued at approximately $302,535.33. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $90.39, for a total value of $27,478.56. Following the sale, the director now owns 3,347 shares of the company’s stock, valued at approximately $302,535.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Katherine Irene Fogertey sold 321 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $98.57, for a total value of $31,640.97. Following the transaction, the chief financial officer now directly owns 36,822 shares of the company’s stock, valued at approximately $3,629,544.54. The disclosure for this sale can be found here. Insiders sold 12,313 shares of company stock worth $1,322,180 in the last 90 days. Corporate insiders own 9.73% of the company’s stock.

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.