Teacher Retirement System of Texas Grows Stock Position in Shake Shack Inc. (NYSE:SHAK)

Teacher Retirement System of Texas increased its holdings in shares of Shake Shack Inc. (NYSE:SHAK) by 61.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,486 shares of the company’s stock after buying an additional 4,381 shares during the quarter. Teacher Retirement System of Texas’ holdings in Shake Shack were worth $851,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. 12 West Capital Management LP lifted its position in Shake Shack by 82.2% during the third quarter. 12 West Capital Management LP now owns 1,659,600 shares of the company’s stock worth $96,373,000 after buying an additional 748,789 shares during the period. Van Berkom & Associates Inc. raised its holdings in shares of Shake Shack by 19.3% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,046,339 shares of the company’s stock worth $60,761,000 after purchasing an additional 168,947 shares during the period. Qube Research & Technologies Ltd raised its holdings in shares of Shake Shack by 130.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 436,888 shares of the company’s stock worth $25,370,000 after purchasing an additional 246,952 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Shake Shack by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 309,641 shares of the company’s stock worth $22,951,000 after purchasing an additional 12,362 shares during the period. Finally, RPG Investment Advisory LLC raised its holdings in shares of Shake Shack by 1.2% in the 4th quarter. RPG Investment Advisory LLC now owns 121,301 shares of the company’s stock worth $8,991,000 after purchasing an additional 1,411 shares during the period. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Shake Shack Price Performance

Shares of SHAK opened at $97.21 on Thursday. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 176.75, a PEG ratio of 3.93 and a beta of 1.78. The stock has a 50 day moving average of $102.11 and a 200-day moving average of $84.76. The company has a current ratio of 2.03, a quick ratio of 1.99 and a debt-to-equity ratio of 0.52. Shake Shack Inc. has a 52 week low of $52.79 and a 52 week high of $111.29.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Shake Shack had a return on equity of 4.86% and a net margin of 2.08%. The business had revenue of $290.50 million during the quarter, compared to analyst estimates of $291.00 million. During the same quarter in the previous year, the firm posted ($0.01) EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, analysts forecast that Shake Shack Inc. will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SHAK. JPMorgan Chase & Co. raised their price objective on Shake Shack from $100.00 to $102.00 and gave the stock an “underweight” rating in a report on Monday, May 13th. Morgan Stanley raised their price objective on Shake Shack from $88.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, April 12th. Wedbush raised their target price on Shake Shack from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. TD Cowen reiterated a “buy” rating and set a $125.00 target price on shares of Shake Shack in a report on Thursday, May 2nd. Finally, Oppenheimer raised their target price on Shake Shack from $108.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $98.35.

Insider Activity at Shake Shack

In related news, Director Daniel Harris Meyer sold 6,034 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $100.08, for a total transaction of $603,882.72. Following the completion of the transaction, the director now owns 520,437 shares in the company, valued at approximately $52,085,334.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Daniel Harris Meyer sold 6,034 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $100.08, for a total transaction of $603,882.72. Following the completion of the transaction, the director now owns 520,437 shares in the company, valued at approximately $52,085,334.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey Flug sold 304 shares of Shake Shack stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $103.01, for a total value of $31,315.04. Following the sale, the director now directly owns 3,754 shares in the company, valued at approximately $386,699.54. The disclosure for this sale can be found here. Insiders sold 70,608 shares of company stock worth $7,321,361 in the last 90 days. 10.06% of the stock is currently owned by company insiders.

Shake Shack Profile

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.