Prudential Financial Inc. lessened its stake in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) by 13.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 94,543 shares of the company's stock after selling 14,900 shares during the quarter. Prudential Financial Inc. owned approximately 0.22% of Shake Shack worth $12,272,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its position in Shake Shack by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company's stock valued at $2,518,000 after buying an additional 100 shares during the period. Arizona State Retirement System increased its holdings in Shake Shack by 1.7% during the 4th quarter. Arizona State Retirement System now owns 11,024 shares of the company's stock valued at $1,431,000 after purchasing an additional 182 shares during the period. Glenmede Trust Co. NA increased its holdings in Shake Shack by 1.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 13,293 shares of the company's stock valued at $1,372,000 after purchasing an additional 199 shares during the period. New York State Teachers Retirement System raised its position in Shake Shack by 0.5% during the 4th quarter. New York State Teachers Retirement System now owns 39,225 shares of the company's stock valued at $5,091,000 after purchasing an additional 200 shares during the last quarter. Finally, Xponance Inc. lifted its holdings in Shake Shack by 8.6% in the 4th quarter. Xponance Inc. now owns 2,709 shares of the company's stock worth $352,000 after buying an additional 215 shares during the period. Institutional investors own 86.07% of the company's stock.
Shake Shack Stock Performance
Shares of SHAK traded up $4.42 during mid-day trading on Wednesday, hitting $95.42. 410,100 shares of the company traded hands, compared to its average volume of 1,407,258. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 414.86 and a beta of 1.89. The stock has a 50-day moving average price of $104.20 and a two-hundred day moving average price of $115.12. Shake Shack Inc. has a 1 year low of $77.50 and a 1 year high of $139.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97.
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 for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $329.02 million. Equities analysts anticipate that Shake Shack Inc. will post 1.26 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. UBS Group upped their target price on Shake Shack from $130.00 to $140.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Oppenheimer increased their price target on shares of Shake Shack from $145.00 to $155.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Wells Fargo & Company initiated coverage on Shake Shack in a research report on Wednesday, March 26th. They set an "equal weight" rating and a $95.00 price objective on the stock. Stifel Nicolaus decreased 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, Truist Financial lifted their price target on Shake Shack from $143.00 to $154.00 and gave the company a "buy" rating in a research report on Friday, February 21st. One equities 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's stock. According to MarketBeat.com, Shake Shack currently has a consensus rating of "Hold" and an average price target of $124.20.
Get Our Latest Stock Analysis on SHAK
About Shake Shack
(
Free Report)
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.
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