Nisa Investment Advisors LLC Has $387,000 Stock Position in Shake Shack Inc. (NYSE:SHAK)

Nisa Investment Advisors LLC lowered its position in Shake Shack Inc. (NYSE:SHAK) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,985 shares of the company’s stock after selling 125 shares during the period. Nisa Investment Advisors LLC’s holdings in Shake Shack were worth $387,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC bought a new position in Shake Shack in the 3rd quarter valued at about $41,000. Covestor Ltd raised its stake in shares of Shake Shack by 41.6% in the third quarter. Covestor Ltd now owns 698 shares of the company’s stock worth $72,000 after purchasing an additional 205 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of Shake Shack by 76.1% in the third quarter. Quest Partners LLC now owns 752 shares of the company’s stock valued at $78,000 after purchasing an additional 325 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Shake Shack by 56.3% during the fourth quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock valued at $96,000 after buying an additional 265 shares during the last quarter. Finally, KBC Group NV grew its holdings in Shake Shack by 24.1% during the third quarter. KBC Group NV now owns 1,206 shares of the company’s stock worth $124,000 after buying an additional 234 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Insider Transactions at Shake Shack

In other Shake Shack news, Director Daniel Harris Meyer sold 30,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $121.79, for a total value of $3,653,700.00. Following the sale, the director now owns 407,646 shares of the company’s stock, valued at $49,647,206.34. This trade represents a 6.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Katherine Irene Fogertey sold 642 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total value of $88,281.42. Following the transaction, the chief financial officer now directly 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 disclosure for this sale can be found here. Insiders own 9.73% of the company’s stock.

Shake Shack Trading Up 1.4 %

NYSE:SHAK opened at $120.20 on Thursday. Shake Shack Inc. has a 1 year low of $73.75 and a 1 year high of $139.89. The stock’s fifty day moving average price is $128.27 and its two-hundred day moving average price is $113.27. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98. The company has a market cap of $5.11 billion, a P/E ratio of 707.06, a P/E/G ratio of 1.67 and a beta of 1.86.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. The business had revenue of $316.92 million for the quarter, compared to analysts’ expectations of $316.03 million. During the same quarter in the prior year, the firm posted $0.17 EPS. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. As a group, analysts expect that Shake Shack Inc. will post 0.89 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Gordon Haskett upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a research note on Wednesday, January 8th. Barclays raised shares of Shake Shack from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $125.00 to $159.00 in a research report on Tuesday, January 7th. Stifel Nicolaus reduced their price objective on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a research report on Friday, January 17th. Oppenheimer lifted their target price on shares of Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Finally, Truist Financial reduced their target price on Shake Shack from $149.00 to $143.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Shake Shack presently has a consensus rating of “Hold” and a consensus price target of $123.78.

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.