Fund 1 Investments LLC Makes New Investment in Shake Shack, Inc. $SHAK

Fund 1 Investments LLC bought a new stake in shares of Shake Shack, Inc. (NYSE:SHAK – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,000 shares of the company’s stock, valued at approximately $840,000.

Several other large investors have also recently made changes to their positions in the business. Wellington Management Group LLP boosted its position in shares of Shake Shack by 21.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,590,911 shares of the company’s stock worth $242,535,000 after purchasing an additional 450,406 shares in the last quarter. 12 West Capital Management LP grew its stake in shares of Shake Shack by 12.0% in the 4th quarter. 12 West Capital Management LP now owns 1,963,595 shares of the company’s stock worth $159,385,000 after buying an additional 210,000 shares during the last quarter. State Street Corp increased its position in Shake Shack by 1.1% during the 2nd quarter. State Street Corp now owns 1,470,084 shares of the company’s stock valued at $206,694,000 after buying an additional 15,607 shares in the last quarter. Swedbank AB bought a new position in Shake Shack during the 4th quarter valued at approximately $84,092,000. Finally, Van Berkom & Associates Inc. raised its stake in Shake Shack by 27.6% during the fourth quarter. Van Berkom & Associates Inc. now owns 923,347 shares of the company’s stock valued at $74,948,000 after buying an additional 199,687 shares during the last quarter. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

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Shake Shack Price Performance

Shares of NYSE SHAK opened at $72.97 on Thursday. The firm has a market cap of $3.12 billion, a P/E ratio of 77.63, a PEG ratio of 8.10 and a beta of 1.63. Shake Shack, Inc. has a twelve month low of $51.60 and a twelve month high of $107.49. The company has a quick ratio of 1.64, a current ratio of 1.67 and a debt-to-equity ratio of 0.43. The company has a 50 day moving average of $63.01 and a 200 day moving average of $76.15.

Shake Shack (NYSE:SHAK – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.31 by $0.12. The business had revenue of $417.62 million for the quarter, compared to the consensus estimate of $417.18 million. Shake Shack had a return on equity of 9.29% and a net margin of 2.56%.The company’s revenue was up 17.2% compared to the same quarter last year. During the same period last year, the business posted $0.44 EPS. As a group, research analysts expect that Shake Shack, Inc. will post 1.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SHAK has been the topic of several analyst reports. Guggenheim dropped their target price on Shake Shack from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, May 11th. UBS Group reduced their price target on Shake Shack from $79.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Robert W. Baird raised Shake Shack to a “hold” rating in a research report on Monday. Mizuho set a $90.00 price target on shares of Shake Shack in a research note on Thursday, August 6th. Finally, Gordon Haskett cut their price objective on shares of Shake Shack from $90.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Fifteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Shake Shack presently has a consensus rating of “Moderate Buy” and an average price target of $89.74.

Check Out 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.

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