Trexquant Investment LP Sells 54,739 Shares of Shake Shack Inc. (NYSE:SHAK)

Trexquant Investment LP decreased its holdings in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) by 76.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,072 shares of the company's stock after selling 54,739 shares during the period. Trexquant Investment LP's holdings in Shake Shack were worth $2,216,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its position in shares of Shake Shack by 3.6% during the 3rd quarter. FMR LLC now owns 243,549 shares of the company's stock valued at $25,137,000 after purchasing an additional 8,512 shares during the last quarter. State Street Corp raised its stake in shares of Shake Shack by 3.5% during the third quarter. State Street Corp now owns 1,452,736 shares of the company's stock worth $149,937,000 after acquiring an additional 49,324 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Shake Shack by 3.1% during the third quarter. Geode Capital Management LLC now owns 876,380 shares of the company's stock worth $90,470,000 after acquiring an additional 26,620 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of Shake Shack in the 3rd quarter worth approximately $142,000. Finally, World Investment Advisors LLC purchased a new stake in shares of Shake Shack in the 3rd quarter valued at $249,000. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Shake Shack Stock Up 0.9 %

Shares of Shake Shack stock traded up $0.75 on Monday, reaching $83.46. The company's stock had a trading volume of 65,861 shares, compared to its average volume of 1,052,688. Shake Shack Inc. has a 52 week low of $72.93 and a 52 week high of $139.89. The firm's fifty day simple moving average is $96.89 and its two-hundred day simple moving average is $113.50. 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 company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 362.87 and a beta of 1.80.

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Shake Shack (NYSE:SHAK - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.26 earnings per share 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 business had revenue of $328.68 million during the quarter, compared to analyst estimates of $329.02 million. Equities analysts anticipate that Shake Shack Inc. will post 1.26 earnings per share for the current year.

Wall Street Analyst Weigh In

SHAK has been the subject of several analyst reports. Loop Capital upgraded shares of Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 price target for the company in a research report on Tuesday, April 1st. UBS Group increased their price objective on Shake Shack from $130.00 to $140.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Robert W. Baird lowered their price target on shares of Shake Shack from $98.00 to $85.00 and set a "neutral" rating for the company in a report on Monday, April 7th. TD Securities reissued a "buy" rating and issued a $140.00 price target on shares of Shake Shack in a report on Friday, February 21st. Finally, Truist Financial upped their price objective on shares of Shake Shack from $143.00 to $154.00 and gave the company a "buy" rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $121.70.

Shake Shack 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.