Blair William & Co. IL Reduces Position in Shake Shack Inc. (NYSE:SHAK)

Blair William & Co. IL reduced its position in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 104,389 shares of the company's stock after selling 4,145 shares during the quarter. Blair William & Co. IL owned 0.25% of Shake Shack worth $13,550,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Harvest Fund Management Co. Ltd purchased a new position in Shake Shack during the fourth quarter valued at $32,000. Transcendent Capital Group LLC purchased a new position in shares of Shake Shack during the 4th quarter valued at about $52,000. R Squared Ltd bought a new position in shares of Shake Shack during the 4th quarter valued at approximately $56,000. Quest Partners LLC increased its holdings in Shake Shack by 76.1% in the 3rd quarter. Quest Partners LLC now owns 752 shares of the company's stock worth $78,000 after acquiring an additional 325 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in Shake Shack by 200.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 600 shares of the company's stock worth $78,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 86.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SHAK. JPMorgan Chase & Co. dropped their price target on shares of Shake Shack from $107.00 to $105.00 and set an "underweight" rating for the company in a research report on Thursday, March 20th. Loop Capital upgraded Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 price target for the company in a research note on Tuesday. Truist Financial boosted their price objective on Shake Shack from $143.00 to $154.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Stifel Nicolaus cut their target price on Shake Shack from $128.00 to $110.00 and set a "hold" rating for the company in a research report on Friday, January 17th. Finally, Oppenheimer lifted their target price on Shake Shack from $145.00 to $155.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $124.20.

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Shake Shack Trading Up 5.9 %

SHAK traded up $5.37 on Wednesday, hitting $96.37. The company had a trading volume of 575,933 shares, compared to its average volume of 1,013,030. The business's fifty day simple moving average is $104.20 and its 200 day simple moving average is $115.12. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. Shake Shack Inc. has a 12-month low of $77.50 and a 12-month high of $139.89. The company has a market cap of $4.10 billion, a PE ratio of 418.98 and a beta of 1.89.

Shake Shack (NYSE:SHAK - Get Free Report) last announced 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 return on equity of 8.40% and a net margin of 0.81%. The firm had revenue of $328.68 million during the quarter, compared to analysts' expectations of $329.02 million. Equities research analysts expect that Shake Shack Inc. will post 1.26 EPS for the current 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.