Blair William & Co. IL Has $10.21 Million Stock Holdings in Shake Shack Inc. (NYSE:SHAK)

Blair William & Co. IL trimmed its stake in shares of Shake Shack Inc. (NYSE:SHAK) by 35.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,459 shares of the company’s stock after selling 62,832 shares during the period. Blair William & Co. IL owned about 0.27% of Shake Shack worth $10,211,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SHAK. Dimensional Fund Advisors LP lifted its stake in Shake Shack by 9.0% during the second quarter. Dimensional Fund Advisors LP now owns 801,003 shares of the company’s stock valued at $72,088,000 after buying an additional 66,090 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Shake Shack by 41.9% in the 2nd quarter. Renaissance Technologies LLC now owns 437,600 shares of the company’s stock valued at $39,384,000 after acquiring an additional 129,200 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Shake Shack by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 309,641 shares of the company’s stock worth $22,951,000 after purchasing an additional 12,362 shares during the period. Bank of New York Mellon Corp grew its position in Shake Shack by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 300,539 shares of the company’s stock worth $27,048,000 after purchasing an additional 4,201 shares in the last quarter. Finally, Norges Bank acquired a new stake in Shake Shack during the 4th quarter valued at $12,238,000. Institutional investors and hedge funds own 86.07% of the company’s stock.

Insiders Place Their Bets

In other news, Director Daniel Harris Meyer sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $110.24, for a total value of $1,102,400.00. Following the sale, the director now directly owns 470,437 shares of the company’s stock, valued at $51,860,974.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Daniel Harris Meyer sold 10,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $110.24, for a total transaction of $1,102,400.00. Following the transaction, the director now owns 470,437 shares of the company’s stock, valued at $51,860,974.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey Flug sold 304 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $90.39, for a total transaction of $27,478.56. Following the transaction, the director now owns 3,347 shares of the company’s stock, valued at $302,535.33. The disclosure for this sale can be found here. Insiders sold a total of 12,213 shares of company stock valued at $1,311,175 in the last quarter. Insiders own 9.73% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SHAK. Wedbush reaffirmed a “neutral” rating and issued a $90.00 target price on shares of Shake Shack in a research report on Thursday, August 1st. Barclays lifted their target price on Shake Shack from $108.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Morgan Stanley reduced their price target on shares of Shake Shack from $108.00 to $100.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. TD Cowen reaffirmed a “buy” rating and set a $125.00 price objective on shares of Shake Shack in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $115.00 target price on shares of Shake Shack in a research report on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $107.56.

Shake Shack Stock Up 3.4 %

Shares of SHAK stock opened at $107.41 on Friday. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 195.29, a PEG ratio of 3.02 and a beta of 1.83. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.03 and a current ratio of 2.06. The stock’s 50 day simple moving average is $96.85 and its 200 day simple moving average is $97.43. Shake Shack Inc. has a twelve month low of $52.79 and a twelve month high of $111.29.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27. The business had revenue of $316.50 million during the quarter, compared to analysts’ expectations of $314.37 million. Shake Shack had a net margin of 2.23% and a return on equity of 5.63%. Shake Shack’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 earnings per share. As a group, research analysts predict that Shake Shack Inc. will post 0.73 EPS for the current year.

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.