Next Century Growth Investors LLC Has $3.21 Million Holdings in Shake Shack Inc. (NYSE:SHAK)

Next Century Growth Investors LLC decreased its stake in Shake Shack Inc. (NYSE:SHAK) by 41.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,029 shares of the company’s stock after selling 21,184 shares during the quarter. Next Century Growth Investors LLC owned 0.07% of Shake Shack worth $3,213,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Shake Shack by 22.1% in the second quarter. BlackRock Inc. now owns 6,987,446 shares of the company’s stock valued at $747,797,000 after buying an additional 1,264,855 shares during the period. Fred Alger Management LLC increased its holdings in Shake Shack by 38.0% during the 1st quarter. Fred Alger Management LLC now owns 3,842,465 shares of the company’s stock worth $433,315,000 after purchasing an additional 1,058,958 shares in the last quarter. Van Berkom & Associates Inc. acquired a new stake in shares of Shake Shack in the 2nd quarter valued at about $24,296,000. Renaissance Technologies LLC boosted its position in shares of Shake Shack by 1,633.0% during the first quarter. Renaissance Technologies LLC now owns 236,467 shares of the company’s stock worth $26,666,000 after buying an additional 222,822 shares during the period. Finally, Champlain Investment Partners LLC bought a new stake in Shake Shack in the 2nd quarter valued at approximately $22,708,000. Institutional investors own 83.21% of the company’s stock.

A number of analysts have recently commented on the stock. Piper Sandler cut their price objective on shares of Shake Shack from $131.00 to $100.00 and set an “overweight” rating on the stock in a research report on Monday. Loop Capital began coverage on Shake Shack in a report on Tuesday, October 5th. They issued a “hold” rating and a $80.00 price objective for the company. Oppenheimer dropped their target price on Shake Shack from $124.00 to $115.00 and set an “outperform” rating on the stock in a report on Friday, August 6th. Barclays decreased their price target on Shake Shack from $92.00 to $85.00 and set an “equal weight” rating for the company in a research note on Friday, August 6th. Finally, Cowen cut their price objective on Shake Shack from $93.00 to $86.00 and set a “market perform” rating for the company in a report on Friday, August 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $92.50.

SHAK stock traded up $0.56 during midday trading on Thursday, reaching $75.44. The company had a trading volume of 1,592 shares, compared to its average volume of 803,287. Shake Shack Inc. has a 1-year low of $64.02 and a 1-year high of $138.38. The stock has a 50 day moving average price of $84.15 and a 200-day moving average price of $95.18. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.52 and a quick ratio of 3.49. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of -126.91 and a beta of 1.69.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Thursday, August 5th. The company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.12. The company had revenue of $187.46 million during the quarter, compared to the consensus estimate of $181.62 million. Shake Shack had a negative net margin of 3.45% and a negative return on equity of 0.36%. As a group, research analysts anticipate that Shake Shack Inc. will post -0.07 earnings per share for the current year.

Shake Shack Profile

Shake Shack, Inc operates as a holding company. The firm engages in operating fast food hamburger restaurants. It offers beef burgers, flat-top dogs, chicken sandwiches, frozen custard and crinkle cut fries and includes all the mobile ordering essentials. The company was founded by Daniel Harris Meyer on September 23, 2014 and is headquartered in New York, NY.

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

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Next Century Growth Investors LLC Has $3.21 Million Holdings in Shake Shack Inc. (NYSE:SHAK)

Next Century Growth Investors LLC reduced its holdings in Shake Shack Inc. (NYSE:SHAK) by 41.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,029 shares of the company’s stock after selling 21,184 shares during the period. Next Century Growth Investors LLC owned 0.07% of Shake Shack worth $3,213,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SHAK. BlackRock Inc. boosted its stake in shares of Shake Shack by 22.1% during the 2nd quarter. BlackRock Inc. now owns 6,987,446 shares of the company’s stock worth $747,797,000 after buying an additional 1,264,855 shares during the last quarter. Fred Alger Management LLC raised its holdings in Shake Shack by 38.0% during the first quarter. Fred Alger Management LLC now owns 3,842,465 shares of the company’s stock worth $433,315,000 after acquiring an additional 1,058,958 shares in the last quarter. Van Berkom & Associates Inc. acquired a new position in Shake Shack during the second quarter valued at approximately $24,296,000. Renaissance Technologies LLC raised its stake in shares of Shake Shack by 1,633.0% during the 1st quarter. Renaissance Technologies LLC now owns 236,467 shares of the company’s stock worth $26,666,000 after purchasing an additional 222,822 shares in the last quarter. Finally, Champlain Investment Partners LLC acquired a new stake in shares of Shake Shack in the 2nd quarter valued at approximately $22,708,000. 83.21% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have issued reports on SHAK. Oppenheimer dropped their price target on shares of Shake Shack from $124.00 to $115.00 and set an “outperform” rating on the stock in a research report on Friday, August 6th. Barclays lowered their price target on Shake Shack from $92.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Friday, August 6th. Morgan Stanley cut their price objective on Shake Shack from $101.00 to $93.00 and set an “equal weight” rating for the company in a research report on Wednesday. Piper Sandler decreased their target price on Shake Shack from $131.00 to $100.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Loop Capital started coverage on Shake Shack in a research note on Tuesday, October 5th. They issued a “hold” rating and a $80.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $92.50.

Shake Shack stock traded up $0.56 during mid-day trading on Thursday, reaching $75.44. 1,592 shares of the company were exchanged, compared to its average volume of 803,287. The firm has a market cap of $3.17 billion, a PE ratio of -126.91 and a beta of 1.69. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.52 and a quick ratio of 3.49. The company has a fifty day simple moving average of $84.15 and a 200-day simple moving average of $95.18. Shake Shack Inc. has a 12 month low of $64.02 and a 12 month high of $138.38.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, August 5th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.12. The firm had revenue of $187.46 million for the quarter, compared to analyst estimates of $181.62 million. Shake Shack had a negative net margin of 3.45% and a negative return on equity of 0.36%. Sell-side analysts anticipate that Shake Shack Inc. will post -0.07 earnings per share for the current year.

Shake Shack Profile

Shake Shack, Inc operates as a holding company. The firm engages in operating fast food hamburger restaurants. It offers beef burgers, flat-top dogs, chicken sandwiches, frozen custard and crinkle cut fries and includes all the mobile ordering essentials. The company was founded by Daniel Harris Meyer on September 23, 2014 and is headquartered in New York, NY.

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

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