Harbor Investment Advisory LLC Makes New Investment in Shake Shack Inc. (NYSE:SHAK)

Harbor Investment Advisory LLC acquired a new position in shares of Shake Shack Inc. (NYSE:SHAK) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,150 shares of the company’s stock, valued at approximately $149,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHAK. American Century Companies Inc. boosted its stake in Shake Shack by 18.6% during the second quarter. American Century Companies Inc. now owns 9,577 shares of the company’s stock worth $862,000 after buying an additional 1,505 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Shake Shack by 9.0% during the second quarter. Dimensional Fund Advisors LP now owns 801,003 shares of the company’s stock worth $72,088,000 after buying an additional 66,090 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Shake Shack by 303.3% during the second quarter. Hsbc Holdings PLC now owns 16,604 shares of the company’s stock worth $1,460,000 after buying an additional 12,487 shares during the last quarter. Intech Investment Management LLC acquired a new position in Shake Shack during the second quarter worth $622,000. Finally, Canada Pension Plan Investment Board boosted its stake in Shake Shack by 1.5% during the second quarter. Canada Pension Plan Investment Board now owns 26,900 shares of the company’s stock worth $2,421,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Oppenheimer lifted their target price on Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Gordon Haskett upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research report on Wednesday, January 8th. UBS Group lifted their target price on Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Stifel Nicolaus reduced their target price on Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a research report on Friday, January 17th. Finally, Wedbush restated a “neutral” rating and issued a $130.00 target price on shares of Shake Shack in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $123.78.

Shake Shack Trading Up 1.2 %

SHAK opened at $121.27 on Thursday. Shake Shack Inc. has a 12 month low of $69.00 and a 12 month high of $139.89. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 713.36, a PEG ratio of 1.62 and a beta of 1.86. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98. The business has a fifty day moving average price of $128.33 and a 200 day moving average price of $112.07.

Shake Shack (NYSE:SHAK) last released its earnings results on Wednesday, October 30th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. The firm had revenue of $316.92 million during the quarter, compared to analysts’ expectations of $316.03 million. During the same period in the previous year, the firm posted $0.17 EPS. Shake Shack’s revenue for the quarter was up 14.7% on a year-over-year basis. Sell-side analysts expect that Shake Shack Inc. will post 0.88 earnings per share for the current fiscal year.

Insider Transactions at Shake Shack

In other news, 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 transaction of $3,653,700.00. Following the completion of the transaction, the director now directly owns 407,646 shares of the company’s stock, valued at approximately $49,647,206.34. This represents a 6.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Katherine Irene Fogertey sold 642 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was 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 approximately $4,223,894.67. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,333 shares of company stock valued at $6,566,330. 9.73% of the stock is currently owned by corporate insiders.

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.