39,329 Shares in Shake Shack Inc. (NYSE:SHAK) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Shake Shack Inc. (NYSE:SHAK) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 39,329 shares of the company’s stock, valued at approximately $5,105,000. Proficio Capital Partners LLC owned about 0.09% of Shake Shack at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Private Advisor Group LLC acquired a new position in shares of Shake Shack during the 3rd quarter valued at about $279,000. Nisa Investment Advisors LLC grew its holdings in Shake Shack by 35.8% during the third quarter. Nisa Investment Advisors LLC now owns 3,110 shares of the company’s stock valued at $321,000 after purchasing an additional 820 shares during the last quarter. New York State Teachers Retirement System raised its position in shares of Shake Shack by 1.7% in the third quarter. New York State Teachers Retirement System now owns 39,025 shares of the company’s stock valued at $4,028,000 after purchasing an additional 650 shares during the period. QRG Capital Management Inc. lifted its stake in shares of Shake Shack by 14.9% in the third quarter. QRG Capital Management Inc. now owns 3,997 shares of the company’s stock worth $413,000 after buying an additional 519 shares during the last quarter. Finally, Amalgamated Bank boosted its holdings in shares of Shake Shack by 1.8% during the 3rd quarter. Amalgamated Bank now owns 11,721 shares of the company’s stock worth $1,210,000 after buying an additional 211 shares during the period. 86.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Shake Shack

In other news, CFO Katherine Irene Fogertey sold 642 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were 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. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 9.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SHAK. UBS Group lifted their target price on shares of Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Stifel Nicolaus cut their price objective 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. Oppenheimer increased their target price on Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. TD Securities reiterated a “buy” rating and set a $140.00 price target on shares of Shake Shack in a report on Friday, February 21st. Finally, Wedbush raised their price objective on shares of Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $125.50.

Shake Shack Stock Performance

NYSE:SHAK opened at $102.68 on Tuesday. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $119.92 and a 200 day moving average price of $116.78. The firm has a market capitalization of $4.36 billion, a PE ratio of 446.43 and a beta of 1.86. Shake Shack Inc. has a 12-month low of $77.50 and a 12-month high of $139.89.

Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $328.68 million during the quarter, compared to analysts’ expectations of $329.02 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. Research analysts anticipate that Shake Shack Inc. will post 1.26 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.