BBR Partners LLC Trims Position in Shake Shack Inc. (NYSE:SHAK)

BBR Partners LLC decreased its position in shares of Shake Shack Inc. (NYSE:SHAK) by 37.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,500 shares of the company’s stock after selling 1,500 shares during the period. BBR Partners LLC’s holdings in Shake Shack were worth $324,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Lisanti Capital Growth LLC purchased a new position in Shake Shack during the fourth quarter worth approximately $3,338,000. Vision Financial Markets LLC purchased a new position in Shake Shack during the fourth quarter worth approximately $1,467,000. Arizona State Retirement System raised its stake in Shake Shack by 1.7% during the fourth quarter. Arizona State Retirement System now owns 11,024 shares of the company’s stock worth $1,431,000 after purchasing an additional 182 shares during the period. Aigen Investment Management LP purchased a new position in Shake Shack during the fourth quarter worth approximately $3,760,000. Finally, Proficio Capital Partners LLC purchased a new position in Shake Shack during the fourth quarter worth approximately $5,105,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Insider Activity

In other news, CFO Katherine Irene Fogertey sold 642 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total transaction of $88,281.42. Following the sale, the chief financial officer now owns 30,717 shares in the company, valued at $4,223,894.67. The trade was a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.73% of the stock is owned by company insiders.

Shake Shack Stock Down 5.6 %

NYSE SHAK opened at $93.57 on Friday. 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’s 50 day simple moving average is $118.09 and its 200 day simple moving average is $116.57. Shake Shack Inc. has a 12 month low of $77.50 and a 12 month high of $139.89. The company has a market capitalization of $3.98 billion, a P/E ratio of 406.83 and a beta of 1.89.

Shake Shack (NYSE:SHAK) last released its earnings results 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 net margin of 0.81% and a return on equity of 8.40%. The business had revenue of $328.68 million for the quarter, compared to the consensus estimate of $329.02 million. Equities research analysts expect that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Oppenheimer increased their price target on shares of Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Gordon Haskett upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a report on Wednesday, January 8th. UBS Group lifted their target price on shares of Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Truist Financial lifted their target price on shares of Shake Shack from $143.00 to $154.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Wedbush lifted their target price on shares of Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, February 21st. One investment 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 MarketBeat, Shake Shack presently has an average rating of “Hold” and a consensus 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.