US Bancorp DE Sells 215 Shares of Shake Shack Inc. (NYSE:SHAK)

US Bancorp DE trimmed its holdings in shares of Shake Shack Inc. (NYSE:SHAK) by 9.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,952 shares of the company’s stock after selling 215 shares during the quarter. US Bancorp DE’s holdings in Shake Shack were worth $253,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Principal Financial Group Inc. raised its holdings in shares of Shake Shack by 1.1% in the third quarter. Principal Financial Group Inc. now owns 189,229 shares of the company’s stock valued at $19,530,000 after acquiring an additional 2,043 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Shake Shack in the third quarter valued at about $345,000. Victory Capital Management Inc. raised its holdings in shares of Shake Shack by 47.5% in the third quarter. Victory Capital Management Inc. now owns 12,977 shares of the company’s stock valued at $1,339,000 after acquiring an additional 4,181 shares in the last quarter. KBC Group NV raised its holdings in shares of Shake Shack by 24.1% in the third quarter. KBC Group NV now owns 1,206 shares of the company’s stock valued at $124,000 after acquiring an additional 234 shares in the last quarter. Finally, Natixis Advisors LLC raised its holdings in shares of Shake Shack by 2.5% in the third quarter. Natixis Advisors LLC now owns 12,335 shares of the company’s stock valued at $1,273,000 after acquiring an additional 296 shares in the last quarter. 86.07% of the stock is currently owned by institutional investors.

Shake Shack Trading Up 5.7 %

Shake Shack stock opened at $87.51 on Friday. 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 Inc. has a 52 week low of $77.50 and a 52 week high of $139.89. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 380.47 and a beta of 1.89. The stock has a 50-day moving average price of $112.97 and a 200 day moving average price of $115.78.

Shake Shack (NYSE:SHAK) last released its 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. 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 during the quarter, compared to the consensus estimate of $329.02 million. Sell-side analysts anticipate that Shake Shack Inc. will post 1.26 EPS for the current year.

Wall Street Analysts Forecast Growth

SHAK has been the subject of several recent research reports. TD Securities restated a “buy” rating and issued a $140.00 price objective on shares of Shake Shack in a report on Friday, February 21st. Gordon Haskett upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus cut their target price on Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a research note on Friday, January 17th. Wedbush lifted their target price on Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. Finally, Barclays upgraded Shake Shack from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $125.00 to $159.00 in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $125.50.

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.