River Global Investors LLP Sells 6,110 Shares of Shake Shack Inc. (NYSE:SHAK)

River Global Investors LLP lowered its stake in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) by 44.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,688 shares of the company's stock after selling 6,110 shares during the quarter. River Global Investors LLP's holdings in Shake Shack were worth $998,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SHAK. Transcendent Capital Group LLC acquired a new stake in shares of Shake Shack during the 4th quarter worth $52,000. R Squared Ltd acquired a new stake in Shake Shack during the fourth quarter worth about $56,000. Covestor Ltd grew its stake in Shake Shack by 41.6% during the third quarter. Covestor Ltd now owns 698 shares of the company's stock worth $72,000 after buying an additional 205 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Shake Shack in the 4th quarter valued at about $93,000. Finally, GAMMA Investing LLC raised its position in shares of Shake Shack by 56.3% in the 4th quarter. GAMMA Investing LLC now owns 736 shares of the company's stock valued at $96,000 after buying an additional 265 shares in the last quarter. Institutional investors own 86.07% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on SHAK shares. UBS Group increased their price target on shares of Shake Shack from $130.00 to $140.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Truist Financial raised their target price on Shake Shack from $143.00 to $154.00 and gave the company a "buy" rating in a report on Friday, February 21st. Wedbush boosted their price target on Shake Shack from $115.00 to $125.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. Oppenheimer upped their price objective on Shake Shack from $145.00 to $155.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus decreased their target price on Shake Shack from $128.00 to $110.00 and set a "hold" rating on the stock in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $125.50.

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Shake Shack Trading Up 0.5 %

Shares of SHAK stock traded up $0.46 during trading hours on Wednesday, hitting $87.20. 1,796,588 shares of the company's stock traded hands, compared to its average volume of 974,742. The stock has a market cap of $3.71 billion, a PE ratio of 379.11 and a beta of 1.89. Shake Shack Inc. has a 12 month low of $77.50 and a 12 month high of $139.89. The stock's 50 day simple moving average is $114.83 and its 200 day simple moving average is $116.21. 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 (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 firm had revenue of $328.68 million for the quarter, compared to the consensus estimate 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 anticipate that Shake Shack Inc. will post 1.26 EPS for the current year.

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.