Vontobel Holding Ltd. Purchases New Shares in Shake Shack Inc. (NYSE:SHAK)

Vontobel Holding Ltd. bought a new stake in Shake Shack Inc. (NYSE:SHAK) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,743 shares of the company’s stock, valued at approximately $426,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SHAK. CWM LLC increased its stake in shares of Shake Shack by 37.4% in the 3rd quarter. CWM LLC now owns 1,349 shares of the company’s stock valued at $78,000 after buying an additional 367 shares during the period. SG Americas Securities LLC increased its stake in shares of Shake Shack by 6.9% in the 3rd quarter. SG Americas Securities LLC now owns 3,747 shares of the company’s stock valued at $218,000 after buying an additional 243 shares during the period. RFG Advisory LLC increased its stake in shares of Shake Shack by 29.3% in the 3rd quarter. RFG Advisory LLC now owns 3,989 shares of the company’s stock valued at $232,000 after buying an additional 904 shares during the period. DAVENPORT & Co LLC increased its stake in shares of Shake Shack by 8.9% in the 3rd quarter. DAVENPORT & Co LLC now owns 9,939 shares of the company’s stock valued at $577,000 after buying an additional 814 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Shake Shack during the third quarter worth $253,000. 86.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SHAK. Morgan Stanley lifted their price objective on Shake Shack from $88.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. Oppenheimer lifted their price objective on Shake Shack from $108.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. UBS Group lifted their price objective on Shake Shack from $80.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. JPMorgan Chase & Co. lifted their price objective on Shake Shack from $65.00 to $100.00 and gave the stock an “underweight” rating in a research note on Monday, March 4th. Finally, Raymond James lifted their target price on Shake Shack from $90.00 to $115.00 and gave the stock a “strong-buy” rating in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $88.67.

Shake Shack Stock Performance

Shares of Shake Shack stock opened at $99.97 on Wednesday. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 217.33, a price-to-earnings-growth ratio of 3.59 and a beta of 1.80. The stock’s 50-day moving average is $100.48 and its 200-day moving average is $77.72. Shake Shack Inc. has a one year low of $52.64 and a one year high of $110.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 2.01.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.02 EPS for the quarter. The company had revenue of $286.20 million for the quarter, compared to analyst estimates of $280.45 million. Shake Shack had a return on equity of 3.67% and a net margin of 1.82%. The company’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.06) earnings per share. Equities analysts predict that Shake Shack Inc. will post 0.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Jeffrey Flug sold 304 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $103.01, for a total transaction of $31,315.04. Following the sale, the director now owns 3,754 shares in the company, valued at $386,699.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Jeffrey Flug sold 304 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $103.01, for a total transaction of $31,315.04. Following the sale, the director now owns 3,754 shares in the company, valued at $386,699.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel Harris Meyer sold 30,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $95.25, for a total value of $2,857,500.00. Following the sale, the director now owns 550,437 shares in the company, valued at approximately $52,429,124.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,912 shares of company stock worth $10,201,834. Corporate insiders own 10.06% of the company’s stock.

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.