Shake Shack Inc. (NYSE:SHAK) Stock Holdings Decreased by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. lessened its stake in Shake Shack Inc. (NYSE:SHAK) by 7.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,920 shares of the company’s stock after selling 160 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Shake Shack were worth $249,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Amalgamated Bank raised its stake in Shake Shack by 1.8% during the third quarter. Amalgamated Bank now owns 11,721 shares of the company’s stock valued at $1,210,000 after buying an additional 211 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Shake Shack by 1.1% in the 3rd quarter. Principal Financial Group Inc. now owns 189,229 shares of the company’s stock valued at $19,530,000 after acquiring an additional 2,043 shares during the last quarter. Covestor Ltd raised its position in shares of Shake Shack by 41.6% during the 3rd quarter. Covestor Ltd now owns 698 shares of the company’s stock valued at $72,000 after acquiring an additional 205 shares in the last quarter. Entropy Technologies LP bought a new position in Shake Shack during the third quarter worth $345,000. Finally, Victory Capital Management Inc. boosted its holdings in Shake Shack by 47.5% in the third quarter. Victory Capital Management Inc. now owns 12,977 shares of the company’s stock worth $1,339,000 after purchasing an additional 4,181 shares during the period. Institutional investors own 86.07% of the company’s stock.

Analysts Set New Price Targets

SHAK has been the topic of a number of recent research reports. Truist Financial raised their price target on shares of Shake Shack from $143.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Wedbush upped their target price on Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, February 21st. UBS Group increased their price target on Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Oppenheimer boosted their price objective on Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus dropped their target price on Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $125.50.

Shake Shack Trading Down 4.9 %

Shake Shack stock opened at $82.91 on Friday. Shake Shack Inc. has a 12-month low of $77.50 and a 12-month high of $139.89. 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 stock has a market capitalization of $3.53 billion, a PE ratio of 360.46 and a beta of 1.89. The firm has a 50 day simple moving average of $113.98 and a 200-day simple moving average of $116.01.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.26 EPS for the quarter, topping 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 the consensus estimate of $329.02 million. As a group, equities research analysts expect that Shake Shack Inc. will post 1.26 EPS for the current fiscal year.

About Shake Shack

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.