Blair William & Co. IL Reduces Holdings in Shake Shack Inc. (NYSE:SHAK)

Blair William & Co. IL cut its position in Shake Shack Inc. (NYSE:SHAK) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,389 shares of the company’s stock after selling 4,145 shares during the quarter. Blair William & Co. IL owned 0.25% of Shake Shack worth $13,550,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Quest Partners LLC lifted its holdings in 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 buying an additional 325 shares in the last quarter. Pathstone Holdings LLC lifted its stake in shares of Shake Shack by 8.4% in the third quarter. Pathstone Holdings LLC now owns 14,840 shares of the company’s stock worth $1,532,000 after acquiring an additional 1,146 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Shake Shack by 7.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 353,501 shares of the company’s stock worth $36,485,000 after acquiring an additional 24,813 shares in the last quarter. Algert Global LLC boosted its holdings in Shake Shack by 49.3% in the third quarter. Algert Global LLC now owns 5,640 shares of the company’s stock valued at $582,000 after purchasing an additional 1,862 shares during the last quarter. Finally, FMR LLC grew its stake in Shake Shack by 3.6% during the 3rd quarter. FMR LLC now owns 243,549 shares of the company’s stock valued at $25,137,000 after purchasing an additional 8,512 shares in the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. UBS Group upped their target price on Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Truist Financial increased their price objective on shares of Shake Shack from $143.00 to $154.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Wells Fargo & Company assumed coverage on shares of Shake Shack in a report on Wednesday. They set an “equal weight” rating and a $95.00 price objective for the company. JPMorgan Chase & Co. cut their target price on shares of Shake Shack from $107.00 to $105.00 and set an “underweight” rating on the stock in a research note on Thursday, March 20th. Finally, Barclays upgraded Shake Shack from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $125.00 to $159.00 in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Shake Shack currently has a consensus rating of “Hold” and a consensus price target of $124.05.

Shake Shack Trading Down 5.7 %

Shares of NYSE:SHAK opened at $88.25 on Friday. Shake Shack Inc. has a fifty-two week low of $77.50 and a fifty-two week high of $139.89. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. The company has a market cap of $3.75 billion, a PE ratio of 383.71 and a beta of 1.89. The company’s 50-day moving average price is $105.33 and its 200 day moving average price is $115.06.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. The company had revenue of $328.68 million for the quarter, compared to analysts’ expectations of $329.02 million. Sell-side analysts anticipate that Shake Shack Inc. will post 1.26 earnings per share for the current year.

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.