Van Berkom & Associates Inc. Buys 93,553 Shares of Shake Shack, Inc. $SHAK

Van Berkom & Associates Inc. increased its position in Shake Shack, Inc. (NYSE:SHAK) by 14.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 723,660 shares of the company’s stock after buying an additional 93,553 shares during the quarter. Van Berkom & Associates Inc. owned 1.70% of Shake Shack worth $67,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. purchased a new position in Shake Shack during the 2nd quarter worth $222,000. Nordea Investment Management AB boosted its holdings in Shake Shack by 36.6% during the third quarter. Nordea Investment Management AB now owns 106,317 shares of the company’s stock worth $9,851,000 after purchasing an additional 28,487 shares during the last quarter. Fisher Asset Management LLC grew its position in Shake Shack by 30.4% in the 2nd quarter. Fisher Asset Management LLC now owns 514,770 shares of the company’s stock worth $72,377,000 after purchasing an additional 120,030 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Shake Shack in the 3rd quarter valued at about $8,416,000. Finally, Waratah Capital Advisors Ltd. bought a new position in shares of Shake Shack during the 2nd quarter worth approximately $1,552,000. 86.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Shake Shack

In other news, insider Stephanie Ann Sentell sold 1,100 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $85.14, for a total value of $93,654.00. Following the sale, the insider directly owned 9,907 shares of the company’s stock, valued at approximately $843,481.98. This represents a 9.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 1,500 shares of company stock worth $130,648 in the last quarter. Corporate insiders own 8.50% of the company’s stock.

Shake Shack Trading Up 1.2%

Shares of SHAK stock opened at $93.80 on Wednesday. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 91.96, a PEG ratio of 2.84 and a beta of 1.75. The company’s fifty day simple moving average is $87.39 and its two-hundred day simple moving average is $96.34. Shake Shack, Inc. has a 1 year low of $72.93 and a 1 year high of $144.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.84 and a quick ratio of 1.81.

Wall Street Analyst Weigh In

Several research firms have weighed in on SHAK. Piper Sandler cut their price objective on Shake Shack from $126.00 to $102.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Shake Shack in a report on Wednesday, January 21st. Loop Capital raised shares of Shake Shack from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $98.00 to $127.00 in a research report on Friday, November 14th. Wells Fargo & Company dropped their target price on shares of Shake Shack from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Finally, Truist Financial downgraded Shake Shack from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $116.52.

Shake Shack Profile

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.