Bessemer Group Inc. Sells 5,622 Shares of Shake Shack Inc. (NYSE:SHAK)

Bessemer Group Inc. lessened its stake in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) by 60.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,656 shares of the company's stock after selling 5,622 shares during the period. Bessemer Group Inc.'s holdings in Shake Shack were worth $475,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Shake Shack by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 4,426,015 shares of the company's stock worth $574,497,000 after buying an additional 49,883 shares during the period. Invesco Ltd. raised its holdings in shares of Shake Shack by 30.7% in the 4th quarter. Invesco Ltd. now owns 1,245,093 shares of the company's stock valued at $161,613,000 after purchasing an additional 292,348 shares in the last quarter. Geode Capital Management LLC raised its stake in Shake Shack by 3.1% in the third quarter. Geode Capital Management LLC now owns 876,380 shares of the company's stock valued at $90,470,000 after buying an additional 26,620 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Shake Shack by 27.0% during the fourth quarter. Fisher Asset Management LLC now owns 449,796 shares of the company's stock worth $58,384,000 after purchasing an additional 95,682 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Shake Shack by 27.7% during the 4th quarter. Jennison Associates LLC now owns 375,552 shares of the company's stock worth $48,747,000 after buying an additional 81,441 shares during the last quarter. Institutional investors and hedge funds own 86.07% of the company's stock.

Shake Shack Stock Up 3.9 %

Shake Shack stock traded up $3.12 during mid-day trading on Friday, hitting $83.57. 1,160,524 shares of the company's stock were exchanged, compared to its average volume of 1,065,382. The stock has a 50 day moving average of $93.95 and a two-hundred day moving average of $112.65. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50. Shake Shack Inc. has a 1-year low of $72.93 and a 1-year high of $139.89. The stock has a market cap of $3.55 billion, a P/E ratio of 363.35 and a beta of 1.80.

Shake Shack (NYSE:SHAK - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.01. The company had revenue of $328.68 million during 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%. As a group, analysts anticipate that Shake Shack Inc. will post 1.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Loop Capital upgraded Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 target price on the stock in a research report on Tuesday, April 1st. Raymond James set a $145.00 target price on Shake Shack and gave the stock a "strong-buy" rating in a research report on Wednesday. Barclays raised 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. Stifel Nicolaus dropped their price objective on Shake Shack from $120.00 to $97.00 and set a "hold" rating on the stock in a report on Tuesday. Finally, Oppenheimer decreased their price target on Shake Shack from $155.00 to $125.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Shake Shack has an average rating of "Moderate Buy" and a consensus price target of $122.19.

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.