Olympiad Research LP Takes Position in Shake Shack Inc. (NYSE:SHAK)

Olympiad Research LP purchased a new stake in Shake Shack Inc. (NYSE:SHAK) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,382 shares of the company’s stock, valued at approximately $439,000.

Several other hedge funds have also modified their holdings of the business. GDS Wealth Management increased its stake in Shake Shack by 253.6% in the 4th quarter. GDS Wealth Management now owns 14,277 shares of the company’s stock valued at $1,853,000 after purchasing an additional 10,239 shares in the last quarter. Fisher Asset Management LLC increased its stake in Shake Shack by 4.8% in the 3rd quarter. Fisher Asset Management LLC now owns 354,114 shares of the company’s stock valued at $36,548,000 after purchasing an additional 16,097 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Shake Shack by 7.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 353,501 shares of the company’s stock valued at $36,485,000 after purchasing an additional 24,813 shares in the last quarter. FMR LLC increased its stake in Shake Shack by 3.6% in the 3rd quarter. FMR LLC now owns 243,549 shares of the company’s stock valued at $25,137,000 after purchasing an additional 8,512 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in Shake Shack by 10.8% in the 3rd quarter. Jennison Associates LLC now owns 294,111 shares of the company’s stock valued at $30,355,000 after purchasing an additional 28,661 shares in the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Shake Shack

In other Shake Shack news, CFO Katherine Irene Fogertey sold 642 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total transaction of $88,281.42. Following the completion of the sale, the chief financial officer now owns 30,717 shares of the company’s stock, valued at approximately $4,223,894.67. The trade was a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.73% of the company’s stock.

Shake Shack Stock Performance

Shake Shack stock opened at $108.96 on Friday. The firm has a market capitalization of $4.63 billion, a P/E ratio of 473.73 and a beta of 1.86. The stock has a fifty day moving average price of $121.79 and a 200 day moving average price of $116.39. Shake Shack Inc. has a 52 week low of $77.50 and a 52 week high of $139.89. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, February 20th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. The firm had revenue of $328.68 million during the quarter, compared to analyst estimates of $329.02 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. Equities research analysts anticipate that Shake Shack Inc. will post 1.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Gordon Haskett raised Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a research note on Wednesday, January 8th. Wedbush raised their price objective on Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday. Oppenheimer raised their price objective on Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Barclays raised Shake Shack from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $125.00 to $159.00 in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus dropped their price target on Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Shake Shack presently has a consensus rating of “Hold” and an average target price of $125.50.

Shake Shack Company 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.