Shake Shack Inc. (NYSE:SHAK) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC lowered its stake in Shake Shack Inc. (NYSE:SHAK) by 23.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,495 shares of the company’s stock after selling 3,573 shares during the quarter. Great Lakes Advisors LLC’s holdings in Shake Shack were worth $1,492,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Louisiana State Employees Retirement System grew its stake in shares of Shake Shack by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company’s stock valued at $2,518,000 after buying an additional 100 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Shake Shack by 0.4% in the third quarter. Thrivent Financial for Lutherans now owns 31,398 shares of the company’s stock valued at $3,241,000 after buying an additional 139 shares in the last quarter. Arizona State Retirement System grew its stake in Shake Shack by 1.7% during the 4th quarter. Arizona State Retirement System now owns 11,024 shares of the company’s stock valued at $1,431,000 after purchasing an additional 182 shares in the last quarter. Glenmede Trust Co. NA grew its stake in Shake Shack by 1.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 13,293 shares of the company’s stock valued at $1,372,000 after purchasing an additional 199 shares in the last quarter. Finally, New York State Teachers Retirement System grew its stake in Shake Shack by 0.5% during the 4th quarter. New York State Teachers Retirement System now owns 39,225 shares of the company’s stock valued at $5,091,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack Stock Up 5.7 %

Shares of Shake Shack stock opened at $87.51 on Friday. The business’s fifty day moving average price is $112.06 and its two-hundred day moving average price is $115.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98. The company has a market capitalization of $3.72 billion, a P/E ratio of 380.47 and a beta of 1.89. Shake Shack Inc. has a 1-year low of $77.50 and a 1-year high of $139.89.

Shake Shack (NYSE:SHAK) last announced its earnings results on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.01. The firm had revenue of $328.68 million for the quarter, compared to the consensus estimate of $329.02 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. As a group, research analysts forecast that Shake Shack Inc. will post 1.26 EPS for the current year.

Wall Street Analyst Weigh In

SHAK has been the subject of a number of recent analyst reports. Oppenheimer raised their price objective on Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Barclays upgraded Shake Shack from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $125.00 to $159.00 in a research note on Tuesday, January 7th. Truist Financial raised their price objective on Shake Shack from $143.00 to $154.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Stifel Nicolaus lowered their price objective on Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a research note on Friday, January 17th. Finally, UBS Group raised their price objective on Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $125.50.

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.