Shake Shack Inc. (NYSE:SHAK) Holdings Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in Shake Shack Inc. (NYSE:SHAK) by 7.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 353,501 shares of the company’s stock after purchasing an additional 24,813 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Shake Shack were worth $36,485,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SHAK. Quest Partners LLC acquired a new position in shares of Shake Shack in the 2nd quarter valued at about $38,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Shake Shack in the third quarter worth about $41,000. Kimelman & Baird LLC acquired a new position in Shake Shack in the second quarter valued at approximately $45,000. Covestor Ltd grew its holdings in shares of Shake Shack by 41.6% during the third quarter. Covestor Ltd now owns 698 shares of the company’s stock valued at $72,000 after purchasing an additional 205 shares during the last quarter. Finally, CWM LLC raised its position in shares of Shake Shack by 24.7% during the 2nd quarter. CWM LLC now owns 1,046 shares of the company’s stock worth $94,000 after purchasing an additional 207 shares during the period. Institutional investors own 86.07% of the company’s stock.

Shake Shack Stock Performance

Shares of SHAK stock opened at $133.50 on Tuesday. The firm has a market cap of $5.67 billion, a P/E ratio of 785.29, a PEG ratio of 3.04 and a beta of 1.81. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98. Shake Shack Inc. has a fifty-two week low of $60.84 and a fifty-two week high of $135.76. The stock’s 50-day moving average is $117.05 and its two-hundred day moving average is $102.58.

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

Insider Buying and Selling

In related news, CFO Katherine Irene Fogertey sold 321 shares of the firm’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 transaction of $31,640.97. Following the completion of the transaction, the chief financial officer now owns 36,822 shares in the company, valued at $3,629,544.54. This trade represents a 0.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel Harris Meyer sold 30,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $121.79, for a total value of $3,653,700.00. Following the sale, the director now owns 407,646 shares in the company, valued at approximately $49,647,206.34. This trade represents a 6.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,433 shares of company stock valued at $7,654,856. 9.73% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SHAK. Bank of America boosted their target price on shares of Shake Shack from $104.00 to $116.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $115.00 price objective on shares of Shake Shack in a research note on Wednesday, August 28th. TD Cowen reaffirmed a “buy” rating and issued a $125.00 price target on shares of Shake Shack in a research note on Wednesday, September 18th. Oppenheimer upped their target price on Shake Shack from $122.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Finally, Barclays lifted their price target on Shake Shack from $115.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Shake Shack has a consensus rating of “Hold” and a consensus price target of $112.94.

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.