Virtu Financial LLC Invests $653,000 in Shake Shack Inc. (NYSE:SHAK)

Virtu Financial LLC bought a new stake in shares of Shake Shack Inc. (NYSE:SHAK) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,282 shares of the company’s stock, valued at approximately $653,000.

Several other institutional investors and hedge funds also recently modified their holdings of SHAK. QRG Capital Management Inc. boosted its position in Shake Shack by 4.5% in the 4th quarter. QRG Capital Management Inc. now owns 3,711 shares of the company’s stock valued at $275,000 after buying an additional 161 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Shake Shack during the 1st quarter valued at approximately $25,000. RFG Advisory LLC increased its holdings in Shake Shack by 10.3% during the 4th quarter. RFG Advisory LLC now owns 4,401 shares of the company’s stock worth $326,000 after purchasing an additional 412 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Shake Shack in the 4th quarter valued at approximately $32,000. Finally, Texas Permanent School Fund Corp boosted its stake in shares of Shake Shack by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 32,815 shares of the company’s stock valued at $3,414,000 after buying an additional 439 shares during the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Wall Street Analysts Forecast Growth

SHAK has been the subject of a number of research analyst reports. TD Cowen restated a “buy” rating and issued a $125.00 price target on shares of Shake Shack in a research note on Thursday. Truist Financial upped their target price on shares of Shake Shack from $125.00 to $127.00 and gave the company a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft increased their price target on shares of Shake Shack from $105.00 to $115.00 and gave the stock a “hold” rating in a research report on Friday. Morgan Stanley lowered their price objective on Shake Shack from $108.00 to $100.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Finally, The Goldman Sachs Group increased their target price on Shake Shack from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $103.05.

Shake Shack Stock Performance

Shares of NYSE:SHAK traded down $5.98 during trading hours on Friday, hitting $96.43. The stock had a trading volume of 2,512,328 shares, compared to its average volume of 952,773. The stock’s fifty day simple moving average is $88.89 and its 200 day simple moving average is $92.82. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 175.33, a PEG ratio of 2.34 and a beta of 1.75. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.99 and a current ratio of 2.03. Shake Shack Inc. has a 1-year low of $52.79 and a 1-year high of $111.29.

Shake Shack (NYSE:SHAK) last posted its earnings results on Thursday, August 1st. The company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. Shake Shack had a return on equity of 4.86% and a net margin of 2.08%. The firm had revenue of $316.50 million for the quarter, compared to analysts’ expectations of $314.37 million. During the same period last year, the firm earned $0.18 EPS. The firm’s revenue was up 16.4% compared to the same quarter last year. Sell-side analysts anticipate that Shake Shack Inc. will post 0.75 earnings per share for the current fiscal year.

Shake Shack Company 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.