River Global Investors LLP Reduces Stock Holdings in Shake Shack Inc. (NYSE:SHAK)

River Global Investors LLP lessened its stake in shares of Shake Shack Inc. (NYSE:SHAK) by 44.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,688 shares of the company’s stock after selling 6,110 shares during the period. River Global Investors LLP’s holdings in Shake Shack were worth $998,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. QRG Capital Management Inc. lifted its holdings in shares of Shake Shack by 14.9% in the 3rd quarter. QRG Capital Management Inc. now owns 3,997 shares of the company’s stock worth $413,000 after acquiring an additional 519 shares during the last quarter. Amalgamated Bank raised its position in Shake Shack by 1.8% in the 3rd quarter. Amalgamated Bank now owns 11,721 shares of the company’s stock worth $1,210,000 after purchasing an additional 211 shares during the period. Radnor Capital Management LLC bought a new stake in Shake Shack in the third quarter worth about $320,000. Principal Financial Group Inc. boosted its position in shares of Shake Shack by 1.1% during the third quarter. Principal Financial Group Inc. now owns 189,229 shares of the company’s stock valued at $19,530,000 after buying an additional 2,043 shares during the period. Finally, Covestor Ltd grew its stake in shares of Shake Shack by 41.6% during the third quarter. Covestor Ltd now owns 698 shares of the company’s stock valued at $72,000 after buying an additional 205 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors.

Insider Activity at Shake Shack

In related news, CFO Katherine Irene Fogertey sold 642 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total transaction of $88,281.42. Following the transaction, the chief financial officer now directly owns 30,717 shares in the company, valued at $4,223,894.67. The trade was a 2.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.73% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SHAK has been the subject of a number of research analyst reports. TD Securities reissued a “buy” rating and set a $140.00 price target on shares of Shake Shack in a research note on Friday, February 21st. Oppenheimer boosted their target price on shares of Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Stifel Nicolaus cut their price target on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a report on Friday, January 17th. Barclays upgraded shares of Shake Shack from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $125.00 to $159.00 in a report on Tuesday, January 7th. Finally, 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 research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $125.50.

Shake Shack Trading Down 1.0 %

SHAK opened at $92.64 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 402.78 and a beta of 1.89. Shake Shack Inc. has a 12 month low of $77.50 and a 12 month high of $139.89. The stock has a fifty day moving average price of $117.32 and a 200-day moving average price of $116.41.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.26 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $329.02 million. As a group, equities research analysts anticipate 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.