Shake Shack Inc. (NYSE:SHAK) Stock Position Lowered by Great Lakes Advisors LLC

Great Lakes Advisors LLC lessened its position in Shake Shack Inc. (NYSE:SHAK) by 23.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,495 shares of the company’s stock after selling 3,573 shares during the period. Great Lakes Advisors LLC’s holdings in Shake Shack were worth $1,492,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Transcendent Capital Group LLC bought a new stake in shares of Shake Shack in the 4th quarter worth $52,000. R Squared Ltd acquired a new position in shares of Shake Shack in the 4th quarter worth $56,000. Quest Partners LLC grew its holdings in shares of Shake Shack by 76.1% in the 3rd quarter. Quest Partners LLC now owns 752 shares of the company’s stock worth $78,000 after acquiring an additional 325 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Shake Shack in the 4th quarter worth $93,000. Finally, GAMMA Investing LLC grew its holdings in shares of Shake Shack by 56.3% in the 4th quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $96,000 after acquiring an additional 265 shares during the last quarter. Institutional investors own 86.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wedbush lifted their target price on Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. TD Securities reissued a “buy” rating and set a $140.00 price target on shares of Shake Shack in a research report on Friday, February 21st. Truist Financial upped their price target on Shake Shack from $143.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Barclays raised Shake Shack from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $125.00 to $159.00 in a research report on Tuesday, January 7th. Finally, Oppenheimer upped their price target on Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Shake Shack presently has a consensus rating of “Hold” and a consensus target price of $125.50.

Shake Shack Stock Performance

SHAK opened at $87.51 on Friday. The company has a market cap of $3.72 billion, a PE ratio of 380.47 and a beta of 1.89. The stock has a 50-day moving average of $112.06 and a 200-day moving average of $115.69. Shake Shack Inc. has a 52-week low of $77.50 and a 52-week high of $139.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The company had revenue of $328.68 million during 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, equities research analysts forecast that Shake Shack Inc. will post 1.26 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.