3,170 Shares in Shake Shack Inc. (NYSE:SHAK) Purchased by Ring Mountain Capital LLC

Ring Mountain Capital LLC acquired a new stake in shares of Shake Shack Inc. (NYSE:SHAK) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,170 shares of the company’s stock, valued at approximately $411,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Louisiana State Employees Retirement System increased its stake in Shake Shack by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company’s stock valued at $2,518,000 after purchasing an additional 100 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Shake Shack by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 31,398 shares of the company’s stock valued at $3,241,000 after purchasing an additional 139 shares in the last quarter. Glenmede Trust Co. NA increased its stake in Shake Shack by 1.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 13,293 shares of the company’s stock valued at $1,372,000 after purchasing an additional 199 shares in the last quarter. New York State Teachers Retirement System increased its stake in Shake Shack by 0.5% during the 4th quarter. New York State Teachers Retirement System now owns 39,225 shares of the company’s stock valued at $5,091,000 after purchasing an additional 200 shares in the last quarter. Finally, Covestor Ltd increased its stake 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 in the last quarter. 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 business’s 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 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 9.73% of the company’s stock.

Shake Shack Price Performance

Shares of NYSE:SHAK opened at $102.68 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98. Shake Shack Inc. has a 1-year low of $77.50 and a 1-year high of $139.89. The company has a market capitalization of $4.36 billion, a P/E ratio of 446.43 and a beta of 1.86. The firm’s 50 day simple moving average is $119.92 and its two-hundred day simple moving average is $116.78.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, beating 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 business had revenue of $328.68 million for the quarter, compared to the consensus estimate of $329.02 million. Research analysts expect that Shake Shack Inc. will post 1.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wedbush raised their price objective on shares of Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. Oppenheimer lifted their price target on shares of Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Barclays upgraded shares of Shake Shack from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $125.00 to $159.00 in a research note on Tuesday, January 7th. Gordon Haskett upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a research note on Wednesday, January 8th. Finally, TD Securities reiterated a “buy” rating and issued a $140.00 price target on shares of Shake Shack in a research note on Friday, February 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $125.50.

About Shake Shack

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.