Shake Shack Inc. (NYSE:SHAK) Shares Sold by Cornerstone Capital Inc.

Cornerstone Capital Inc. lowered its stake in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) by 2.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 183,742 shares of the company's stock after selling 4,885 shares during the period. Shake Shack makes up approximately 2.5% of Cornerstone Capital Inc.'s holdings, making the stock its 13th biggest position. Cornerstone Capital Inc. owned approximately 0.43% of Shake Shack worth $23,850,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Invesco Ltd. raised its position in Shake Shack by 30.7% in the fourth quarter. Invesco Ltd. now owns 1,245,093 shares of the company's stock worth $161,613,000 after acquiring an additional 292,348 shares during the period. Cookson Peirce & Co. Inc. bought a new position in shares of Shake Shack during the fourth quarter worth $26,756,000. Norges Bank purchased a new position in Shake Shack during the fourth quarter valued at $15,409,000. Fisher Asset Management LLC increased its holdings in Shake Shack by 27.0% in the 4th quarter. Fisher Asset Management LLC now owns 449,796 shares of the company's stock valued at $58,384,000 after acquiring an additional 95,682 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in Shake Shack by 27.7% in the 4th quarter. Jennison Associates LLC now owns 375,552 shares of the company's stock worth $48,747,000 after purchasing an additional 81,441 shares in the last quarter. Institutional investors own 86.07% of the company's stock.

Shake Shack Stock Up 1.7 %

Shares of SHAK traded up $1.46 during midday trading on Thursday, hitting $89.45. 480,424 shares of the company's stock traded hands, compared to its average volume of 1,438,894. 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 stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 388.93 and a beta of 1.80. Shake Shack Inc. has a 1 year low of $72.93 and a 1 year high of $139.89. The firm's fifty day moving average is $92.58 and its 200-day moving average is $112.21.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SHAK. Robert W. Baird reduced their target price on Shake Shack from $98.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. TD Securities reaffirmed a "buy" rating and set a $140.00 price objective on shares of Shake Shack in a report on Friday, February 21st. Gordon Haskett upgraded 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. UBS Group upped their target price on shares of Shake Shack from $130.00 to $140.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Finally, Loop Capital upgraded Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 price objective on the stock in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $118.29.

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.