Raiffeisen Bank International AG Acquires Shares of 30,000 Shake Shack, Inc. $SHAK

Raiffeisen Bank International AG bought a new position in shares of Shake Shack, Inc. (NYSE:SHAK) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 30,000 shares of the company’s stock, valued at approximately $1,644,000.

A number of other large investors have also added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Shake Shack by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,627 shares of the company’s stock valued at $1,995,000 after buying an additional 976 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Shake Shack by 4,210.3% in the first quarter. Jones Financial Companies Lllp now owns 2,500 shares of the company’s stock worth $220,000 after acquiring an additional 2,442 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Shake Shack in the 1st quarter valued at approximately $219,000. Geneos Wealth Management Inc. acquired a new stake in Shake Shack in the first quarter valued at approximately $26,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Shake Shack by 159.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 748 shares of the company’s stock valued at $105,000 after acquiring an additional 460 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack Stock Performance

Shares of SHAK stock opened at $69.30 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.64 and a current ratio of 1.67. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 73.72, a P/E/G ratio of 7.59 and a beta of 1.66. Shake Shack, Inc. has a 52 week low of $51.60 and a 52 week high of $107.46. The firm’s 50-day simple moving average is $64.79 and its two-hundred day simple moving average is $75.05.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.12. The business had revenue of $417.62 million during the quarter, compared to analyst estimates of $417.18 million. Shake Shack had a return on equity of 9.29% and a net margin of 2.56%.Shake Shack’s revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 earnings per share. As a group, equities analysts forecast that Shake Shack, Inc. will post 1.13 earnings per share for the current year.

Analyst Ratings Changes

SHAK has been the topic of several analyst reports. Wall Street Zen raised shares of Shake Shack from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Raymond James Financial downgraded shares of Shake Shack from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $125.00 to $85.00 in a research report on Wednesday, June 3rd. Robert W. Baird upgraded shares of Shake Shack to a “hold” rating in a research report on Monday, August 24th. Gordon Haskett cut their target price on shares of Shake Shack from $90.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, June 3rd. Finally, Guggenheim cut their price target on Shake Shack from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Fifteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.74.

Shake Shack Company 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.