Shake Shack, Inc. (SHAK) Shares Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC boosted its holdings in Shake Shack, Inc. (NYSE:SHAK) by 125.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,468 shares of the company’s stock after purchasing an additional 9,721 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.07% of Shake Shack worth $609,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SHAK. FMR LLC increased its holdings in Shake Shack by 150.7% in the first quarter. FMR LLC now owns 2,473,147 shares of the company’s stock worth $82,603,000 after purchasing an additional 1,486,647 shares in the last quarter. Fred Alger Management Inc. increased its holdings in Shake Shack by 163.8% in the second quarter. Fred Alger Management Inc. now owns 592,963 shares of the company’s stock worth $20,683,000 after purchasing an additional 368,185 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in Shake Shack by 520.9% in the first quarter. Point72 Asset Management L.P. now owns 396,100 shares of the company’s stock worth $13,230,000 after purchasing an additional 332,301 shares in the last quarter. UBS Asset Management Americas Inc. bought a new stake in Shake Shack in the second quarter worth approximately $8,681,000. Finally, Balyasny Asset Management LLC increased its holdings in Shake Shack by 77.7% in the second quarter. Balyasny Asset Management LLC now owns 539,181 shares of the company’s stock worth $18,807,000 after purchasing an additional 235,681 shares in the last quarter. Institutional investors and hedge funds own 82.02% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Shake Shack, Inc. (SHAK) Shares Bought by Cubist Systematic Strategies LLC” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://ledgergazette.com/2017/10/20/shake-shack-inc-shak-shares-bought-by-cubist-systematic-strategies-llc.html.

Shares of Shake Shack, Inc. (SHAK) opened at 34.68 on Friday. The company has a market cap of $901.02 million, a P/E ratio of 60.42 and a beta of 1.33. Shake Shack, Inc. has a one year low of $30.12 and a one year high of $39.70. The company’s 50-day moving average price is $32.89 and its 200 day moving average price is $32.89.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.04. Shake Shack had a return on equity of 8.71% and a net margin of 4.70%. The company had revenue of $91.30 million during the quarter, compared to analyst estimates of $89.00 million. During the same quarter last year, the company earned $0.14 EPS. The firm’s revenue for the quarter was up 37.3% on a year-over-year basis. On average, equities research analysts anticipate that Shake Shack, Inc. will post $0.51 earnings per share for the current year.

A number of brokerages have weighed in on SHAK. Wedbush reiterated a “buy” rating on shares of Shake Shack in a report on Thursday, August 17th. SunTrust Banks, Inc. restated a “buy” rating on shares of Shake Shack in a report on Monday, August 21st. Cowen and Company restated a “hold” rating and set a $35.00 price objective on shares of Shake Shack in a report on Tuesday, September 12th. BidaskClub upgraded Shake Shack from a “strong sell” rating to a “sell” rating in a report on Saturday, September 23rd. Finally, TheStreet upgraded Shake Shack from a “d” rating to a “c-” rating in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $37.19.

In other Shake Shack news, major shareholder Equity Group L.P. Select sold 19,452 shares of Shake Shack stock in a transaction on Monday, August 7th. The stock was sold at an average price of $32.01, for a total value of $622,658.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Peggy Rubenzer sold 7,000 shares of Shake Shack stock in a transaction on Friday, August 11th. The stock was sold at an average price of $32.17, for a total value of $225,190.00. Following the completion of the sale, the senior vice president now directly owns 24,415 shares of the company’s stock, valued at approximately $785,430.55. The disclosure for this sale can be found here. In the last nine

A number of other hedge funds have also modified their holdings of SHAK. FMR LLC increased its holdings in Shake Shack by 150.7% in the first quarter. FMR LLC now owns 2,473,147 shares of the company’s stock worth $82,603,000 after purchasing an additional 1,486,647 shares in the last quarter. Fred Alger Management Inc. increased its holdings in Shake Shack by 163.8% in the second quarter. Fred Alger Management Inc. now owns 592,963 shares of the company’s stock worth $20,683,000 after purchasing an additional 368,185 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in Shake Shack by 520.9% in the first quarter. Point72 Asset Management L.P. now owns 396,100 shares of the company’s stock worth $13,230,000 after purchasing an additional 332,301 shares in the last quarter. UBS Asset Management Americas Inc. bought a new stake in Shake Shack in the second quarter worth approximately $8,681,000. Finally, Balyasny Asset Management LLC increased its holdings in Shake Shack by 77.7% in the second quarter. Balyasny Asset Management LLC now owns 539,181 shares of the company’s stock worth $18,807,000 after purchasing an additional 235,681 shares in the last quarter. Institutional investors and hedge funds own 82.02% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Shake Shack, Inc. (SHAK) Shares Bought by Cubist Systematic Strategies LLC” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://ledgergazette.com/2017/10/20/shake-shack-inc-shak-shares-bought-by-cubist-systematic-strategies-llc.html.

Shares of Shake Shack, Inc. (SHAK) opened at 34.68 on Friday. The company has a market cap of $901.02 million, a P/E ratio of 60.42 and a beta of 1.33. Shake Shack, Inc. has a one year low of $30.12 and a one year high of $39.70. The company’s 50-day moving average price is $32.89 and its 200 day moving average price is $32.89.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.04. Shake Shack had a return on equity of 8.71% and a net margin of 4.70%. The company had revenue of $91.30 million during the quarter, compared to analyst estimates of $89.00 million. During the same quarter last year, the company earned $0.14 EPS. The firm’s revenue for the quarter was up 37.3% on a year-over-year basis. On average, equities research analysts anticipate that Shake Shack, Inc. will post $0.51 earnings per share for the current year.

A number of brokerages have weighed in on SHAK. Wedbush reiterated a “buy” rating on shares of Shake Shack in a report on Thursday, August 17th. SunTrust Banks, Inc. restated a “buy” rating on shares of Shake Shack in a report on Monday, August 21st. Cowen and Company restated a “hold” rating and set a $35.00 price objective on shares of Shake Shack in a report on Tuesday, September 12th. BidaskClub upgraded Shake Shack from a “strong sell” rating to a “sell” rating in a report on Saturday, September 23rd. Finally, TheStreet upgraded Shake Shack from a “d” rating to a “c-” rating in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $37.19.

In other Shake Shack news, major shareholder Equity Group L.P. Select sold 19,452 shares of Shake Shack stock in a transaction on Monday, August 7th. The stock was sold at an average price of $32.01, for a total value of $622,658.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Peggy Rubenzer sold 7,000 shares of Shake Shack stock in a transaction on Friday, August 11th. The stock was sold at an average price of $32.17, for a total value of $225,190.00. Following the completion of the sale, the senior vice president now directly owns 24,415 shares of the company’s stock, valued at approximately $785,430.55. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 150,452 shares of company stock valued at $4,779,481. 34.91% of the stock is owned by corporate insiders.

Shake Shack Profile

Shake Shack Inc operates roadside burger stands. The Company serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. The Company’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard.

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

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