Shake Shack, Inc. $SHAK Stake Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in Shake Shack, Inc. (NYSE:SHAK) by 2.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 670,111 shares of the company’s stock after purchasing an additional 16,439 shares during the period. Dimensional Fund Advisors LP’s holdings in Shake Shack were worth $59,276,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swedbank AB purchased a new position in shares of Shake Shack during the fourth quarter valued at $84,092,000. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Shake Shack during the 4th quarter valued at $40,829,000. Wellington Management Group LLP grew its stake in Shake Shack by 21.0% in the third quarter. Wellington Management Group LLP now owns 2,590,911 shares of the company’s stock valued at $242,535,000 after purchasing an additional 450,406 shares in the last quarter. Marshall Wace LLP increased its holdings in Shake Shack by 285.2% in the third quarter. Marshall Wace LLP now owns 586,999 shares of the company’s stock worth $54,949,000 after buying an additional 434,625 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Shake Shack during the 4th quarter worth $20,455,000. Institutional investors and hedge funds own 86.07% of the company’s stock.

Insider Buying and Selling at Shake Shack

In related news, Director Jeffrey Flug bought 1,000 shares of Shake Shack stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $61.30 per share, for a total transaction of $61,300.00. Following the completion of the purchase, the director owned 5,470 shares in the company, valued at approximately $335,311. This represents a 22.37% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert Lynch bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of $60.39 per share, for a total transaction of $301,950.00. Following the completion of the transaction, the chief executive officer owned 77,845 shares of the company’s stock, valued at $4,701,059.55. This represents a 6.86% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 50,616 shares of company stock valued at $3,109,782 in the last three months. Company insiders own 8.32% of the company’s stock.

Shake Shack Price Performance

NYSE:SHAK opened at $62.65 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.69 and a quick ratio of 1.66. Shake Shack, Inc. has a one year low of $51.60 and a one year high of $127.65. The company has a fifty day moving average price of $58.01 and a 200 day moving average price of $79.02. The stock has a market cap of $2.68 billion, a P/E ratio of 63.93, a PEG ratio of 4.85 and a beta of 1.63.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SHAK. Deutsche Bank Aktiengesellschaft cut their price objective on Shake Shack from $105.00 to $93.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Oppenheimer set a $82.00 price target on shares of Shake Shack and gave the company an “outperform” rating in a research report on Tuesday, June 2nd. Mizuho decreased their price objective on shares of Shake Shack from $100.00 to $80.00 and set an “outperform” rating for the company in a report on Friday. Citigroup reaffirmed a “buy” rating on shares of Shake Shack in a report on Wednesday, June 3rd. Finally, Barclays dropped their target price on shares of Shake Shack from $118.00 to $96.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Fifteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $88.52.

About Shake Shack

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.