Jefferies Financial Group Inc. Buys New Shares in Shake Shack, Inc. $SHAK

Jefferies Financial Group Inc. bought a new stake in Shake Shack, Inc. (NYSE:SHAKFree Report) in the 4th quarter, Holdings Channel reports. The firm bought 35,700 shares of the company’s stock, valued at approximately $2,898,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. bought a new position in shares of Shake Shack in the first quarter valued at $26,000. Assetmark Inc. grew its stake in shares of Shake Shack by 457.6% in the fourth quarter. Assetmark Inc. now owns 368 shares of the company’s stock valued at $30,000 after buying an additional 302 shares in the last quarter. Murphy & Mullick Capital Management Corp grew its stake in shares of Shake Shack by 68.5% in the third quarter. Murphy & Mullick Capital Management Corp now owns 418 shares of the company’s stock valued at $38,000 after buying an additional 170 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Shake Shack in the third quarter valued at $38,000. Finally, IFP Advisors Inc grew its stake in shares of Shake Shack by 6,140.0% in the fourth quarter. IFP Advisors Inc now owns 624 shares of the company’s stock valued at $51,000 after buying an additional 614 shares in the last quarter. 86.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Shake Shack

In other Shake Shack news, Director Jeffrey Flug purchased 1,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was acquired at an average price of $61.30 per share, with a total value of $61,300.00. Following the acquisition, the director directly owned 5,470 shares of the company’s stock, valued at $335,311. This trade represents a 22.37% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Josh Silverman purchased 8,290 shares of the business’s stock in a transaction on Friday, May 15th. The shares were acquired at an average cost of $60.38 per share, with a total value of $500,550.20. Following the acquisition, the director directly owned 8,290 shares in the company, valued at approximately $500,550.20. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 50,616 shares of company stock worth $3,109,782. 8.32% of the stock is currently owned by corporate insiders.

Shake Shack Trading Down 1.9%

Shares of Shake Shack stock opened at $61.50 on Wednesday. The business has a fifty day simple moving average of $86.14 and a two-hundred day simple moving average of $88.31. Shake Shack, Inc. has a 1 year low of $59.49 and a 1 year high of $144.65. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 62.76, a P/E/G ratio of 2.59 and a beta of 1.78. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.69 and a quick ratio of 1.66.

Shake Shack (NYSE:SHAKGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.11). Shake Shack had a net margin of 2.76% and a return on equity of 9.62%. The business had revenue of $366.74 million for the quarter, compared to analyst estimates of $372.43 million. During the same period in the prior year, the business earned $0.14 EPS. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. Research analysts forecast that Shake Shack, Inc. will post 1.24 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SHAK shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $117.00 target price on shares of Shake Shack in a research note on Wednesday, April 15th. The Goldman Sachs Group reissued a “buy” rating on shares of Shake Shack in a research note on Friday, May 8th. Piper Sandler set a $79.00 target price on shares of Shake Shack in a research note on Thursday, May 7th. BTIG Research reissued a “neutral” rating on shares of Shake Shack in a research note on Wednesday, May 20th. Finally, Weiss Ratings cut shares of Shake Shack from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Shake Shack currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.08.

View Our Latest Stock Analysis on Shake Shack

Shake Shack Profile

(Free Report)

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.

See Also

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Institutional Ownership by Quarter for Shake Shack (NYSE:SHAK)

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