Shake Shack Inc. (NYSE:SHAK) Shares Bought by Sei Investments Co.

Sei Investments Co. increased its position in Shake Shack Inc. (NYSE:SHAK) by 142.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,133 shares of the company’s stock after buying an additional 18,287 shares during the period. Sei Investments Co.’s holdings in Shake Shack were worth $2,802,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Hsbc Holdings PLC raised its holdings in Shake Shack by 303.3% in the 2nd quarter. Hsbc Holdings PLC now owns 16,604 shares of the company’s stock valued at $1,460,000 after acquiring an additional 12,487 shares during the last quarter. Virtu Financial LLC purchased a new position in Shake Shack during the first quarter worth about $653,000. Janney Montgomery Scott LLC acquired a new stake in Shake Shack in the 1st quarter worth about $853,000. Jennison Associates LLC acquired a new position in shares of Shake Shack during the 1st quarter valued at about $16,365,000. Finally, Los Angeles Capital Management LLC increased its stake in shares of Shake Shack by 190.4% during the 1st quarter. Los Angeles Capital Management LLC now owns 16,532 shares of the company’s stock valued at $1,720,000 after acquiring an additional 10,840 shares during the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Shake Shack Trading Down 0.2 %

NYSE SHAK opened at $104.72 on Friday. The stock has a market cap of $4.45 billion, a P/E ratio of 189.79, a PEG ratio of 3.14 and a beta of 1.83. The company’s fifty day simple moving average is $100.57 and its 200-day simple moving average is $97.54. The company has a current ratio of 2.06, a quick ratio of 2.03 and a debt-to-equity ratio of 0.51. Shake Shack Inc. has a 52 week low of $52.79 and a 52 week high of $111.29.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. Shake Shack had a net margin of 2.23% and a return on equity of 5.63%. The company had revenue of $316.50 million during the quarter, compared to analysts’ expectations of $314.37 million. During the same period in the prior year, the company posted $0.18 EPS. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. Equities research analysts predict that Shake Shack Inc. will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling at Shake Shack

In other Shake Shack news, Director Jeffrey Flug sold 304 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $90.39, for a total transaction of $27,478.56. Following the transaction, the director now directly owns 3,347 shares in the company, valued at approximately $302,535.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Shake Shack news, Director Daniel Harris Meyer sold 10,000 shares of Shake Shack stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $110.24, for a total value of $1,102,400.00. Following the completion of the transaction, the director now owns 470,437 shares of the company’s stock, valued at $51,860,974.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey Flug sold 304 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $90.39, for a total transaction of $27,478.56. Following the sale, the director now directly owns 3,347 shares in the company, valued at $302,535.33. The disclosure for this sale can be found here. Insiders sold a total of 12,161 shares of company stock worth $1,309,221 in the last 90 days. 9.73% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Truist Financial restated a “buy” rating and issued a $127.00 target price on shares of Shake Shack in a report on Wednesday, August 28th. TD Cowen reissued a “buy” rating and set a $125.00 price objective on shares of Shake Shack in a research note on Wednesday, September 18th. Capital One Financial began coverage on Shake Shack in a research report on Monday, July 29th. They issued an “overweight” rating and a $95.00 target price on the stock. Wedbush restated a “neutral” rating and set a $90.00 price target on shares of Shake Shack in a research note on Thursday, August 1st. Finally, Robert W. Baird lifted their price objective on Shake Shack from $93.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $107.39.

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.