1,150 Shares in Shake Shack Inc. (NYSE:SHAK) Bought by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC acquired a new position in shares of Shake Shack Inc. (NYSE:SHAK) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,150 shares of the company’s stock, valued at approximately $149,000.

A number of other hedge funds have also recently made changes to their positions in the stock. American Century Companies Inc. increased its position in Shake Shack by 18.6% during the 2nd quarter. American Century Companies Inc. now owns 9,577 shares of the company’s stock valued at $862,000 after buying an additional 1,505 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Shake Shack by 9.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 801,003 shares of the company’s stock valued at $72,088,000 after buying an additional 66,090 shares in the last quarter. Hsbc Holdings PLC increased its position in Shake Shack by 303.3% during the 2nd quarter. Hsbc Holdings PLC now owns 16,604 shares of the company’s stock valued at $1,460,000 after buying an additional 12,487 shares in the last quarter. Intech Investment Management LLC acquired a new position in Shake Shack during the 2nd quarter valued at about $622,000. Finally, Canada Pension Plan Investment Board increased its position in Shake Shack by 1.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 26,900 shares of the company’s stock valued at $2,421,000 after buying an additional 400 shares in the last quarter. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Shake Shack Stock Performance

Shares of SHAK stock opened at $121.27 on Thursday. The company has a market capitalization of $5.15 billion, a P/E ratio of 713.36, a P/E/G ratio of 1.62 and a beta of 1.86. The business’s 50 day moving average is $128.33 and its two-hundred day moving average is $112.07. The company has a current ratio of 2.01, a quick ratio of 1.98 and a debt-to-equity ratio of 0.51. Shake Shack Inc. has a 12-month low of $69.00 and a 12-month high of $139.89.

Shake Shack (NYSE:SHAK) last issued its quarterly 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 company had revenue of $316.92 million for the quarter, compared to the consensus estimate of $316.03 million. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. Shake Shack’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.17 earnings per share. Analysts expect that Shake Shack Inc. will post 0.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Barclays raised Shake Shack from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $125.00 to $159.00 in a research report on Tuesday, January 7th. Stifel Nicolaus reduced their target price on Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a research report on Friday, January 17th. Gordon Haskett raised Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a report on Wednesday, January 8th. Wedbush reissued a “neutral” rating and issued a $130.00 price objective on shares of Shake Shack in a report on Wednesday, January 15th. Finally, UBS Group increased their price objective on Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $123.78.

Insiders Place Their Bets

In other news, Director Daniel Harris Meyer sold 22,691 shares of Shake Shack stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $124.47, for a total value of $2,824,348.77. Following the sale, the director now directly owns 437,646 shares of the company’s stock, valued at $54,473,797.62. The trade was a 4.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Katherine Irene Fogertey sold 642 shares of Shake Shack stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total value of $88,281.42. Following the completion of the sale, the chief financial officer now directly owns 30,717 shares in the company, valued at $4,223,894.67. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,333 shares of company stock worth $6,566,330. 9.73% of the stock is owned by corporate insiders.

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.