Shake Shack Inc. (NYSE:SHAK) Shares Sold by Champlain Investment Partners LLC

Champlain Investment Partners LLC lowered its stake in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) by 63.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 224,336 shares of the company's stock after selling 390,411 shares during the period. Champlain Investment Partners LLC owned approximately 0.53% of Shake Shack worth $29,119,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Nemes Rush Group LLC acquired a new stake in shares of Shake Shack in the fourth quarter valued at $29,000. Harvest Fund Management Co. Ltd acquired a new position in Shake Shack in the 4th quarter valued at about $32,000. Transcendent Capital Group LLC purchased a new stake in Shake Shack during the fourth quarter worth about $52,000. R Squared Ltd acquired a new stake in shares of Shake Shack during the fourth quarter worth about $56,000. Finally, Montag & Caldwell LLC purchased a new position in shares of Shake Shack in the fourth quarter valued at approximately $68,000. Institutional investors and hedge funds own 86.07% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SHAK. Truist Financial decreased their target price on Shake Shack from $154.00 to $131.00 and set a "buy" rating for the company in a report on Tuesday. TD Securities reiterated a "buy" rating and issued a $140.00 price target on shares of Shake Shack in a research note on Friday, February 21st. Barclays dropped their price objective on shares of Shake Shack from $155.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday. Gordon Haskett raised shares of Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 price objective for the company in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their target price on Shake Shack from $107.00 to $105.00 and set an "underweight" rating on the stock in a report on Thursday, March 20th. One equities 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 given a strong buy rating to the company's stock. According to data from MarketBeat, Shake Shack has an average rating of "Moderate Buy" and a consensus price target of $118.29.

Shake Shack Stock Performance

Shares of NYSE SHAK traded up $2.40 during mid-day trading on Wednesday, hitting $87.71. 541,581 shares of the company were exchanged, compared to its average volume of 1,066,102. The stock has a 50 day simple moving average of $92.99 and a 200-day simple moving average of $112.37. Shake Shack Inc. has a 1-year low of $72.93 and a 1-year high of $139.89. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 381.35 and a beta of 1.80.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.01. The business had revenue of $328.68 million for the quarter, compared to analyst estimates of $329.02 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. On average, sell-side analysts forecast that Shake Shack Inc. will post 1.26 EPS 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.