Y Intercept Hong Kong Ltd Sells 4,285 Shares of Shake Shack Inc. (NYSE:SHAK)

Y Intercept Hong Kong Ltd decreased its holdings in Shake Shack Inc. (NYSE:SHAK) by 42.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,762 shares of the company’s stock after selling 4,285 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Shake Shack were worth $595,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SHAK. Point72 Asset Management L.P. raised its position in Shake Shack by 154.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company’s stock valued at $67,157,000 after purchasing an additional 395,311 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Shake Shack in the 3rd quarter valued at $39,677,000. Holocene Advisors LP increased its stake in shares of Shake Shack by 68.3% in the 3rd quarter. Holocene Advisors LP now owns 946,350 shares of the company’s stock valued at $97,673,000 after buying an additional 384,131 shares during the period. Marshall Wace LLP increased its stake in shares of Shake Shack by 101.2% in the 2nd quarter. Marshall Wace LLP now owns 544,336 shares of the company’s stock valued at $48,990,000 after buying an additional 273,822 shares during the period. Finally, Armistice Capital LLC increased its stake in shares of Shake Shack by 69.1% in the 2nd quarter. Armistice Capital LLC now owns 579,904 shares of the company’s stock valued at $52,191,000 after buying an additional 236,950 shares during the period. Institutional investors own 86.07% of the company’s stock.

Insider Activity

In related news, Director Daniel Harris Meyer sold 10,000 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $110.08, for a total transaction of $1,100,800.00. Following the sale, the director now owns 460,337 shares in the company, valued at approximately $50,673,896.96. This represents a 2.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 sale, the chief financial officer now owns 30,717 shares in the company, valued at $4,223,894.67. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,754 shares of company stock worth $7,711,497 over the last three months. Corporate insiders own 9.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SHAK shares. TD Cowen reissued a “buy” rating and issued a $125.00 target price on shares of Shake Shack in a research note on Wednesday, September 18th. Oppenheimer lifted their target price on Shake Shack from $122.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $102.00 target price (down from $105.00) on shares of Shake Shack in a research note on Tuesday, September 24th. Barclays lifted their price objective on Shake Shack from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Finally, Bank of America lifted their price objective on Shake Shack from $104.00 to $116.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Shake Shack presently has an average rating of “Hold” and a consensus price target of $112.94.

Shake Shack Stock Performance

Shares of Shake Shack stock opened at $131.59 on Friday. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 774.06, a price-to-earnings-growth ratio of 2.97 and a beta of 1.85. The stock’s 50-day moving average is $122.41 and its 200-day moving average is $104.88. Shake Shack Inc. has a one year low of $64.16 and a one year high of $139.89. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The company had revenue of $316.92 million for the quarter, compared to analyst estimates of $316.03 million. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 earnings per share. Equities analysts predict that Shake Shack Inc. will post 0.82 earnings per share for the current fiscal year.

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.