Landscape Capital Management L.L.C. Purchases New Stake in Shake Shack Inc (NYSE:SHAK)

Landscape Capital Management L.L.C. purchased a new stake in Shake Shack Inc (NYSE:SHAK) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 52,718 shares of the company’s stock, valued at approximately $3,806,000. Landscape Capital Management L.L.C. owned approximately 0.14% of Shake Shack at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of Shake Shack by 51.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 417,461 shares of the company’s stock worth $18,960,000 after purchasing an additional 141,498 shares in the last quarter. FMR LLC lifted its position in shares of Shake Shack by 13.0% during the 1st quarter. FMR LLC now owns 1,203,667 shares of the company’s stock worth $71,197,000 after buying an additional 138,218 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in shares of Shake Shack during the 2nd quarter worth $8,447,000. Apertura Capital LLC lifted its position in shares of 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 during the last quarter. Finally, Zweig DiMenna Associates LLC bought a new stake in shares of Shake Shack during the 2nd quarter worth $7,169,000. 85.09% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on SHAK shares. Longbow Research downgraded Shake Shack from a “buy” rating to a “neutral” rating and set a $58.80 target price for the company. in a research report on Wednesday, April 17th. They noted that the move was a valuation call. ValuEngine upgraded Shake Shack from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 6th. Stifel Nicolaus raised their price objective on Shake Shack from $45.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Barclays raised their price objective on Shake Shack from $58.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 6th. Finally, TheStreet upgraded Shake Shack from a “c” rating to a “b” rating in a research report on Friday, May 3rd. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $74.99.

In related news, COO Zach Koff sold 20,000 shares of Shake Shack stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $87.50, for a total transaction of $1,750,000.00. Following the sale, the chief operating officer now directly owns 11,692 shares in the company, valued at $1,023,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey Flug sold 1,000 shares of Shake Shack stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $87.39, for a total value of $87,390.00. The disclosure for this sale can be found here. Insiders sold 769,761 shares of company stock valued at $56,217,732 in the last three months. Insiders own 21.85% of the company’s stock.

NYSE SHAK traded up $5.61 during trading hours on Thursday, hitting $95.06. 78,476 shares of the company’s stock were exchanged, compared to its average volume of 1,274,517. The firm has a 50-day moving average of $76.24. Shake Shack Inc has a 1-year low of $40.67 and a 1-year high of $92.18. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 134.70, a price-to-earnings-growth ratio of 6.24 and a beta of 1.41. The company has a current ratio of 1.10, a quick ratio of 1.08 and a debt-to-equity ratio of 0.97.

Shake Shack (NYSE:SHAK) last released its earnings results on Monday, August 5th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. Shake Shack had a return on equity of 9.01% and a net margin of 2.96%. The business had revenue of $152.71 million during the quarter, compared to analysts’ expectations of $149.77 million. During the same quarter last year, the firm posted $0.29 earnings per share. The firm’s revenue was up 31.3% on a year-over-year basis. As a group, equities research analysts forecast that Shake Shack Inc will post 0.64 EPS for the current year.

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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