Cwm LLC Sells 98 Shares of Shake Shack Inc. (NYSE:SHAK)

Cwm LLC trimmed its holdings in shares of Shake Shack Inc. (NYSE:SHAK) by 9.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 948 shares of the company’s stock after selling 98 shares during the period. Cwm LLC’s holdings in Shake Shack were worth $98,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Marshall Wace LLP boosted its position in Shake Shack by 101.2% in the 2nd quarter. Marshall Wace LLP now owns 544,336 shares of the company’s stock valued at $48,990,000 after buying an additional 273,822 shares during the last quarter. Armistice Capital LLC lifted its holdings in shares of Shake Shack by 69.1% in the second quarter. Armistice Capital LLC now owns 579,904 shares of the company’s stock valued at $52,191,000 after purchasing an additional 236,950 shares in the last quarter. Point72 Asset Management L.P. grew its position in Shake Shack by 471.9% in the second quarter. Point72 Asset Management L.P. now owns 255,374 shares of the company’s stock valued at $22,984,000 after purchasing an additional 210,717 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of Shake Shack in the 1st quarter valued at approximately $16,365,000. Finally, Renaissance Technologies LLC raised its stake in 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 during the period. Institutional investors and hedge funds own 86.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SHAK. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $102.00 price target (down from $105.00) on shares of Shake Shack in a research report on Tuesday, September 24th. Barclays raised their price target on shares of Shake Shack from $110.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday. Truist Financial restated a “buy” rating and issued a $127.00 price target on shares of Shake Shack in a report on Wednesday, August 28th. Capital One Financial began coverage on shares of Shake Shack in a research report on Monday, July 29th. They issued an “overweight” rating and a $95.00 price target on the stock. Finally, Morgan Stanley reduced their target price on Shake Shack from $108.00 to $100.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Shake Shack currently has a consensus rating of “Hold” and a consensus target price of $107.67.

Shake Shack Stock Performance

NYSE SHAK opened at $110.45 on Friday. The company has a market capitalization of $4.67 billion, a P/E ratio of 200.82, a P/E/G ratio of 3.21 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. Shake Shack Inc. has a 52-week low of $54.06 and a 52-week high of $113.50. The company has a fifty day moving average of $104.82 and a 200-day moving average of $98.10.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. The company had revenue of $316.50 million for the quarter, compared to the consensus estimate of $314.37 million. Shake Shack had a return on equity of 5.63% and a net margin of 2.23%. Shake Shack’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 EPS. As a group, equities research analysts predict that Shake Shack Inc. will post 0.74 EPS for the current fiscal year.

Insider Transactions at Shake Shack

In other news, Director Daniel Harris Meyer sold 10,000 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $110.08, for a total transaction of $1,100,800.00. Following the sale, the director now owns 460,337 shares in the company, valued at $50,673,896.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Shake Shack news, CFO Katherine Irene Fogertey sold 963 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $96.03, for a total value of $92,476.89. Following the completion of the sale, the chief financial officer now owns 37,464 shares in the company, valued at $3,597,667.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Daniel Harris Meyer sold 10,000 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $110.08, for a total transaction of $1,100,800.00. Following the completion of the sale, the director now directly owns 460,337 shares of the company’s stock, valued at approximately $50,673,896.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,330 shares of company stock valued at $2,429,690 in the last three months. 9.73% of the stock is currently owned by company insiders.

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.