Bridgefront Capital LLC Trims Stock Position in Shake Shack Inc. (NYSE:SHAK)

Bridgefront Capital LLC trimmed its holdings in Shake Shack Inc. (NYSE:SHAK) by 6.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,949 shares of the company’s stock after selling 215 shares during the period. Bridgefront Capital LLC’s holdings in Shake Shack were worth $383,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Nemes Rush Group LLC purchased a new position in shares of Shake Shack during the 4th quarter worth $29,000. Harvest Fund Management Co. Ltd acquired a new position in Shake Shack in the fourth quarter valued at about $32,000. Transcendent Capital Group LLC purchased a new stake in Shake Shack in the fourth quarter valued at approximately $52,000. R Squared Ltd purchased a new position in Shake Shack during the 4th quarter valued at about $56,000. Finally, Montag & Caldwell LLC acquired a new position in shares of Shake Shack in the fourth quarter valued at approximately $68,000. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack Stock Up 2.6 %

NYSE SHAK opened at $98.95 on Wednesday. The stock has a market cap of $4.21 billion, a PE ratio of 430.21 and a beta of 1.61. The business has a 50 day moving average price of $88.85 and a two-hundred day moving average price of $111.16. Shake Shack Inc. has a fifty-two week low of $72.93 and a fifty-two week high of $139.89. 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 (NYSE:SHAK) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The firm had revenue of $320.90 million for the quarter, compared to analyst estimates of $330.24 million. During the same period in the previous year, the business posted $0.13 earnings per share. Shake Shack’s revenue for the quarter was up 10.5% on a year-over-year basis. As a group, sell-side analysts predict that Shake Shack Inc. will post 1.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SHAK shares. TD Securities reissued a “buy” rating and issued a $105.00 target price on shares of Shake Shack in a report on Thursday, May 1st. Wedbush lifted their price target on shares of Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Loop Capital upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a research note on Tuesday, April 1st. Oppenheimer cut their target price on Shake Shack from $155.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Finally, Truist Financial decreased their target price on Shake Shack from $154.00 to $131.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $113.95.

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.