Landscape Capital Management L.L.C. Takes Position in Shake Shack Inc (NYSE:SHAK)

Landscape Capital Management L.L.C. purchased a new stake in Shake Shack Inc (NYSE:SHAK) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 52,718 shares of the company’s stock, valued at approximately $3,806,000.

Several other institutional investors have also recently bought and sold shares of SHAK. Wasatch Advisors Inc. boosted its position in shares of Shake Shack by 1.8% during the 1st quarter. Wasatch Advisors Inc. now owns 763,267 shares of the company’s stock worth $45,147,000 after purchasing an additional 13,797 shares during the period. Apertura Capital LLC lifted its holdings in Shake Shack by 133.3% during the 1st quarter. Apertura Capital LLC now owns 175,000 shares of the company’s stock worth $10,351,000 after buying an additional 100,000 shares in the last quarter. Millennium Management LLC lifted its holdings in Shake Shack by 51.1% during the 4th quarter. Millennium Management LLC now owns 40,608 shares of the company’s stock worth $1,844,000 after buying an additional 13,741 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Shake Shack by 5.7% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 251,362 shares of the company’s stock worth $14,868,000 after buying an additional 13,530 shares in the last quarter. Finally, Zweig DiMenna Associates LLC acquired a new stake in Shake Shack during the 2nd quarter worth approximately $7,169,000. 85.09% of the stock is owned by institutional investors and hedge funds.

In related news, Director Daniel Harris Meyer sold 75,000 shares of Shake Shack stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $59.61, for a total transaction of $4,470,750.00. Following the sale, the director now directly owns 1,032 shares in the company, valued at approximately $61,517.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan D. Sokoloff sold 21,144 shares of Shake Shack stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $60.20, for a total transaction of $1,272,868.80. The disclosure for this sale can be found here. Insiders have sold a total of 769,761 shares of company stock worth $56,217,732 over the last quarter. 21.85% of the stock is owned by company insiders.

NYSE:SHAK traded up $5.61 during midday trading on Thursday, hitting $95.06. 78,476 shares of the company were exchanged, compared to its average volume of 1,274,517. The stock has a fifty day moving average of $76.24. Shake Shack Inc has a fifty-two week low of $40.67 and a fifty-two week high of $92.18. The company has a quick ratio of 1.08, a current ratio of 1.10 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $3.36 billion, a P/E ratio of 134.70, a PEG ratio of 6.24 and a beta of 1.41.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.05. Shake Shack had a net margin of 2.96% and a return on equity of 9.01%. The firm had revenue of $152.71 million for the quarter, compared to analyst estimates of $149.77 million. During the same period last year, the business earned $0.29 EPS. Shake Shack’s revenue for the quarter was up 31.3% compared to the same quarter last year. On average, equities analysts anticipate that Shake Shack Inc will post 0.64 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on the stock. MKM Partners assumed coverage on shares of Shake Shack in a report on Tuesday. They issued a “neutral” rating and a $75.00 price objective on the stock. Credit Suisse Group raised their price objective on shares of Shake Shack from $77.00 to $83.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. TheStreet upgraded shares of Shake Shack from a “c” rating to a “b” rating in a report on Friday, May 3rd. Zacks Investment Research upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Friday, August 9th. Finally, SunTrust Banks raised their price objective on shares of Shake Shack to $102.00 and gave the company a “buy” rating in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $74.99.

About Shake Shack

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 26, 2018, it operated 208 Shacks, including 124 domestic company-operated Shacks, 12 domestic licensed Shacks, and 72 international licensed Shacks.

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Institutional Ownership by Quarter for Shake Shack (NYSE:SHAK)

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