Shake Shack Inc. (NYSE:SHAK) Stock Holdings Lifted by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its holdings in Shake Shack Inc. (NYSE:SHAK) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 84,831 shares of the company’s stock after buying an additional 2,000 shares during the period. Public Sector Pension Investment Board’s holdings in Shake Shack were worth $8,755,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of SHAK. Mowery & Schoenfeld Wealth Management LLC bought a new position in Shake Shack in the third quarter worth about $41,000. Quest Partners LLC acquired a new stake in shares of Shake Shack during the 2nd quarter worth approximately $38,000. Kimelman & Baird LLC bought a new stake in shares of Shake Shack in the 2nd quarter worth approximately $45,000. Covestor Ltd boosted its position in Shake Shack by 41.6% during the 3rd quarter. Covestor Ltd now owns 698 shares of the company’s stock valued at $72,000 after purchasing an additional 205 shares during the period. Finally, CWM LLC boosted its position in Shake Shack by 24.7% during the 2nd quarter. CWM LLC now owns 1,046 shares of the company’s stock valued at $94,000 after purchasing an additional 207 shares during the period. Institutional investors own 86.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SHAK shares. Truist Financial raised their target price on Shake Shack from $127.00 to $144.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Bank of America lifted their price objective on shares of Shake Shack from $104.00 to $116.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. The Goldman Sachs Group upped their price target on shares of Shake Shack from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Oppenheimer raised their price objective on shares of Shake Shack from $122.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Finally, Robert W. Baird upped their target price on Shake Shack from $93.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Shake Shack has a consensus rating of “Hold” and a consensus target price of $112.94.

Insiders Place Their Bets

In other Shake Shack news, CFO Katherine Irene Fogertey sold 321 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $103.93, for a total value of $33,361.53. Following the transaction, the chief financial officer now owns 36,180 shares in the company, valued at $3,760,187.40. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Daniel Harris Meyer sold 30,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $121.79, for a total value of $3,653,700.00. Following the completion of the transaction, the director now directly owns 407,646 shares in the company, valued at approximately $49,647,206.34. The trade was a 6.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,433 shares of company stock worth $7,654,856 in the last quarter. 9.73% of the stock is currently owned by corporate insiders.

Shake Shack Stock Up 0.9 %

NYSE:SHAK opened at $133.55 on Friday. The business’s fifty day moving average price is $115.98 and its 200 day moving average price is $102.14. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 785.59, a PEG ratio of 3.01 and a beta of 1.81. 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 1-year low of $59.94 and a 1-year high of $134.90.

Shake Shack (NYSE:SHAK) last issued its earnings results on Wednesday, October 30th. The company reported $0.25 earnings per share for the quarter, beating 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%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 EPS. On average, sell-side analysts forecast that Shake Shack Inc. will post 0.82 earnings per share for the current fiscal year.

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.