Captrust Financial Advisors Has $233,000 Stock Holdings in Shake Shack Inc. (NYSE:SHAK)

Captrust Financial Advisors cut its stake in Shake Shack Inc. (NYSE:SHAK) by 16.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,257 shares of the company’s stock after selling 439 shares during the period. Captrust Financial Advisors’ holdings in Shake Shack were worth $233,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHAK. Public Sector Pension Investment Board grew its position in Shake Shack by 2.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 84,831 shares of the company’s stock worth $8,755,000 after acquiring an additional 2,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Shake Shack by 4.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,673 shares of the company’s stock valued at $895,000 after buying an additional 333 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Shake Shack in the 3rd quarter valued at about $867,000. Glenmede Trust Co. NA grew its position in shares of Shake Shack by 1.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 13,293 shares of the company’s stock valued at $1,372,000 after buying an additional 199 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Shake Shack by 30.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 36,588 shares of the company’s stock valued at $3,776,000 after buying an additional 8,606 shares during the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Daniel Harris Meyer sold 10,000 shares of Shake Shack stock in a transaction 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 completion of the sale, the director now directly owns 460,337 shares in the company, valued at approximately $50,673,896.96. The trade was a 2.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Katherine Irene Fogertey sold 321 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $103.93, for a total transaction of $33,361.53. Following the transaction, the chief financial officer now owns 36,180 shares of the company’s stock, valued at $3,760,187.40. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,754 shares of company stock valued at $7,711,497 over the last 90 days. Insiders own 9.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $115.00 price target on shares of Shake Shack in a research report on Wednesday, August 28th. TD Cowen reissued a “buy” rating and issued a $125.00 price objective on shares of Shake Shack in a research note on Wednesday, September 18th. Piper Sandler downgraded Shake Shack from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $121.00 to $114.00 in a research note on Monday, August 19th. Barclays boosted their price objective on Shake Shack from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $102.00 price objective (down from $105.00) on shares of Shake Shack in a research note on Tuesday, September 24th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Shake Shack has an average rating of “Hold” and an average price target of $112.94.

Shake Shack Trading Down 2.4 %

Shares of SHAK stock opened at $131.59 on Monday. Shake Shack Inc. has a 52-week low of $64.16 and a 52-week high of $139.89. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.98 and a current ratio of 2.01. The firm has a market capitalization of $5.59 billion, a PE ratio of 774.06, a PEG ratio of 2.83 and a beta of 1.85. The stock has a fifty day simple moving average of $122.41 and a two-hundred day simple moving average of $104.95.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05. Shake Shack had a net margin of 0.68% and a return on equity of 6.28%. The business had revenue of $316.92 million during the quarter, compared to the consensus estimate of $316.03 million. During the same quarter in the prior year, the firm earned $0.17 EPS. The business’s revenue was up 14.7% on a year-over-year basis. On average, analysts predict that Shake Shack Inc. will post 0.82 EPS for the current fiscal year.

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.