River Global Investors LLP Sells 6,110 Shares of 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 fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,688 shares of the company’s stock after selling 6,110 shares during the quarter. River Global Investors LLP’s holdings in Shake Shack were worth $998,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SHAK. Louisiana State Employees Retirement System boosted its holdings in Shake Shack by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company’s stock worth $2,518,000 after purchasing an additional 100 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Shake Shack by 0.4% in the third quarter. Thrivent Financial for Lutherans now owns 31,398 shares of the company’s stock worth $3,241,000 after acquiring an additional 139 shares during the period. Arizona State Retirement System grew its holdings in shares of Shake Shack by 1.7% in the fourth quarter. Arizona State Retirement System now owns 11,024 shares of the company’s stock worth $1,431,000 after acquiring an additional 182 shares during the period. Glenmede Trust Co. NA increased its position in Shake Shack by 1.5% during the third quarter. Glenmede Trust Co. NA now owns 13,293 shares of the company’s stock valued at $1,372,000 after acquiring an additional 199 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in Shake Shack by 0.5% in the fourth quarter. New York State Teachers Retirement System now owns 39,225 shares of the company’s stock valued at $5,091,000 after acquiring an additional 200 shares during the period. 86.07% of the stock is currently owned by institutional investors.

Shake Shack Price Performance

SHAK stock opened at $92.64 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. The company’s fifty day moving average price is $117.32 and its 200-day moving average price is $116.41. Shake Shack Inc. has a one year low of $77.50 and a one year high of $139.89. The company has a market capitalization of $3.94 billion, a PE ratio of 402.78 and a beta of 1.89.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. The business had revenue of $328.68 million for the quarter, compared to analysts’ expectations of $329.02 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. On average, equities analysts anticipate that Shake Shack Inc. will post 1.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SHAK shares. Stifel Nicolaus reduced their price target on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a research report on Friday, January 17th. Gordon Haskett raised shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a report on Wednesday, January 8th. Barclays upgraded shares of 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. Truist Financial boosted their price objective on shares of Shake Shack from $143.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Oppenheimer raised their target price on Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. One 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. Based on data from MarketBeat.com, Shake Shack currently has an average rating of “Hold” and an average target price of $125.50.

Insider Buying and Selling

In other Shake Shack news, CFO Katherine Irene Fogertey sold 642 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now owns 30,717 shares in the company, valued at $4,223,894.67. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.73% of the stock is owned by company insiders.

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.