Vision Financial Markets LLC Makes New Investment in Shake Shack Inc. (NYSE:SHAK)

Vision Financial Markets LLC acquired a new position in Shake Shack Inc. (NYSE:SHAK) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,300 shares of the company’s stock, valued at approximately $1,467,000. Shake Shack accounts for 1.6% of Vision Financial Markets LLC’s holdings, making the stock its 14th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Transcendent Capital Group LLC bought a new stake in shares of Shake Shack in the 4th quarter worth approximately $52,000. R Squared Ltd bought a new stake in shares of Shake Shack in the 4th quarter worth approximately $56,000. Covestor Ltd boosted its position in shares of Shake Shack by 41.6% in the 3rd quarter. Covestor Ltd now owns 698 shares of the company’s stock worth $72,000 after purchasing an additional 205 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Shake Shack in the 4th quarter worth approximately $93,000. Finally, GAMMA Investing LLC boosted its position in shares of Shake Shack by 56.3% in the 4th quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $96,000 after purchasing an additional 265 shares in the last quarter. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SHAK shares. Wedbush boosted their price target on Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Truist Financial upped their price objective on Shake Shack from $143.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Oppenheimer upped their price objective on Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Stifel Nicolaus reduced their price objective on Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a research note on Friday, January 17th. Finally, Barclays upgraded Shake Shack from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $125.00 to $159.00 in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $125.50.

Shake Shack Stock Performance

Shares of SHAK stock opened at $99.02 on Thursday. The firm’s 50 day moving average price is $118.75 and its 200-day moving average price is $116.69. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. Shake Shack Inc. has a one year low of $77.50 and a one year high of $139.89. The firm has a market cap of $4.21 billion, a P/E ratio of 430.52 and a beta of 1.89.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The firm had revenue of $328.68 million for the quarter, compared to analyst estimates of $329.02 million. As a group, equities research analysts predict that Shake Shack Inc. will post 1.26 EPS for the current year.

Insider Buying and Selling

In related news, CFO Katherine Irene Fogertey sold 642 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total value of $88,281.42. Following the transaction, the chief financial officer now directly owns 30,717 shares of the company’s stock, valued at $4,223,894.67. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 9.73% of the stock is owned by 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.