Redwood Investments LLC Has $3 Million Holdings in Shake Shack Inc. (NYSE:SHAK)

Redwood Investments LLC decreased its position in Shake Shack Inc. (NYSE:SHAK) by 0.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 23,121 shares of the company’s stock after selling 103 shares during the period. Redwood Investments LLC owned about 0.05% of Shake Shack worth $3,001,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on SHAK shares. Stifel Nicolaus lowered their target price on Shake Shack from $120.00 to $97.00 and set a “hold” rating on the stock in a research note on Tuesday, April 15th. Barclays lowered their price target on Shake Shack from $155.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Oppenheimer dropped their price objective on Shake Shack from $155.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. reduced their target price on shares of Shake Shack from $105.00 to $100.00 and set an “underweight” rating for the company in a research note on Monday, May 5th. Finally, TD Securities restated a “buy” rating and set a $105.00 price target on shares of Shake Shack in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.95.

Shake Shack Trading Up 1.8%

Shake Shack stock opened at $115.95 on Thursday. Shake Shack Inc. has a 52 week low of $72.93 and a 52 week high of $139.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. The firm has a market capitalization of $4.93 billion, a PE ratio of 504.13 and a beta of 1.61. The business’s 50-day simple moving average is $89.98 and its 200-day simple moving average is $111.13.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, May 1st. The company reported $0.14 earnings per share (EPS) 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 business had revenue of $320.90 million during the quarter, compared to analyst estimates of $330.24 million. During the same period last year, the business earned $0.13 EPS. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. Equities research analysts forecast that Shake Shack Inc. will post 1.26 earnings per share for the current 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.