Quadrature Capital Ltd Takes Position in Shake Shack Inc. (NYSE:SHAK)

Quadrature Capital Ltd bought a new position in Shake Shack Inc. (NYSE:SHAK) during the first quarter, according to its most recent filing with the SEC. The firm bought 27,569 shares of the company’s stock, valued at approximately $2,868,000. Quadrature Capital Ltd owned approximately 0.07% of Shake Shack as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SHAK. Raymond James & Associates boosted its position in shares of Shake Shack by 53.7% during the fourth quarter. Raymond James & Associates now owns 73,771 shares of the company’s stock valued at $5,468,000 after buying an additional 25,761 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Shake Shack by 60.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 77,901 shares of the company’s stock valued at $5,774,000 after purchasing an additional 29,431 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in Shake Shack by 8.0% in the 4th quarter. DAVENPORT & Co LLC now owns 10,739 shares of the company’s stock worth $796,000 after buying an additional 800 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Shake Shack by 7.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,606 shares of the company’s stock worth $1,305,000 after acquiring an additional 1,251 shares during the period. Finally, RFG Advisory LLC boosted its stake in Shake Shack by 10.3% in the 4th quarter. RFG Advisory LLC now owns 4,401 shares of the company’s stock worth $326,000 after purchasing an additional 412 shares during the period. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack Stock Up 1.6 %

SHAK traded up $1.27 on Friday, hitting $80.11. The company had a trading volume of 826,610 shares, compared to its average volume of 944,187. Shake Shack Inc. has a 52-week low of $52.79 and a 52-week high of $111.29. The stock has a fifty day simple moving average of $89.52 and a 200-day simple moving average of $92.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.03 and a quick ratio of 1.99. The firm has a market capitalization of $3.39 billion, a P/E ratio of 145.66, a P/E/G ratio of 2.14 and a beta of 1.75.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. The business had revenue of $290.50 million during the quarter, compared to analyst estimates of $291.00 million. Shake Shack had a return on equity of 4.86% and a net margin of 2.08%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.01) earnings per share. As a group, equities analysts expect that Shake Shack Inc. will post 0.75 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley decreased their target price on shares of Shake Shack from $108.00 to $100.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. Bank of America lowered their price objective on Shake Shack from $116.00 to $96.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 17th. The Goldman Sachs Group initiated coverage on Shake Shack in a research report on Thursday, June 13th. They set a “buy” rating and a $110.00 target price for the company. Wedbush decreased their price target on shares of Shake Shack from $110.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. boosted their target price on Shake Shack from $102.00 to $105.00 and gave the stock an “underweight” rating in a research report on Monday, June 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $99.50.

Shake Shack 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.