Rhumbline Advisers Has $13.78 Million Position in Shake Shack Inc. (NYSE:SHAK)

Rhumbline Advisers lifted its stake in shares of Shake Shack Inc. (NYSE:SHAK) by 0.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 106,129 shares of the company’s stock after acquiring an additional 278 shares during the period. Rhumbline Advisers owned 0.25% of Shake Shack worth $13,776,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GDS Wealth Management lifted its position in shares of Shake Shack by 253.6% during the 4th quarter. GDS Wealth Management now owns 14,277 shares of the company’s stock valued at $1,853,000 after acquiring an additional 10,239 shares during the period. Fisher Asset Management LLC lifted its position in shares of Shake Shack by 4.8% during the 3rd quarter. Fisher Asset Management LLC now owns 354,114 shares of the company’s stock valued at $36,548,000 after acquiring an additional 16,097 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Shake Shack by 7.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 353,501 shares of the company’s stock worth $36,485,000 after buying an additional 24,813 shares during the last quarter. FMR LLC raised its holdings in Shake Shack by 3.6% during the third quarter. FMR LLC now owns 243,549 shares of the company’s stock worth $25,137,000 after buying an additional 8,512 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in Shake Shack by 10.8% during the third quarter. Jennison Associates LLC now owns 294,111 shares of the company’s stock worth $30,355,000 after buying an additional 28,661 shares during the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack Trading Down 11.9 %

NYSE:SHAK opened at $108.96 on Friday. 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 $4.63 billion, a PE ratio of 473.73 and a beta of 1.86. The firm’s 50 day moving average is $121.79 and its 200 day moving average is $116.39. Shake Shack Inc. has a 12 month low of $77.50 and a 12 month high of $139.89.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $328.68 million for the quarter, compared to analysts’ expectations of $329.02 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. Sell-side analysts expect that Shake Shack Inc. will post 1.26 earnings per share for the current year.

Insider Buying and Selling

In other Shake Shack news, CFO Katherine Irene Fogertey sold 642 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total transaction of $88,281.42. Following the sale, the chief financial officer now owns 30,717 shares of the company’s stock, valued at $4,223,894.67. The trade was a 2.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 9.73% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SHAK has been the topic of several research reports. Stifel Nicolaus lowered their price objective on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a report on Friday, January 17th. Truist Financial upped their price objective on shares of Shake Shack from $143.00 to $154.00 and gave the stock a “buy” rating in a report on Friday. UBS Group upped their price objective on shares of Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Gordon Haskett upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a report on Wednesday, January 8th. Finally, TD Securities restated a “buy” rating and set a $140.00 price objective on shares of Shake Shack in a report on Friday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $125.50.

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.