Shake Shack Inc. (NYSE:SHAK) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC trimmed its position in Shake Shack Inc. (NYSE:SHAK) by 74.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,980 shares of the company’s stock after selling 14,660 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Shake Shack were worth $646,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GDS Wealth Management lifted its holdings in shares of Shake Shack by 253.6% in the fourth quarter. GDS Wealth Management now owns 14,277 shares of the company’s stock valued at $1,853,000 after buying an additional 10,239 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Shake Shack by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 361,930 shares of the company’s stock valued at $46,979,000 after purchasing an additional 8,429 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Shake Shack in the 4th quarter worth approximately $260,000. Assenagon Asset Management S.A. raised its holdings in shares of Shake Shack by 45.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 152,264 shares of the company’s stock worth $19,764,000 after purchasing an additional 47,906 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Shake Shack by 0.3% during the fourth quarter. Rhumbline Advisers now owns 106,129 shares of the company’s stock valued at $13,776,000 after purchasing an additional 278 shares during the last quarter. 86.07% of the stock is owned by institutional investors.

Shake Shack Stock Performance

Shares of SHAK stock opened at $104.92 on Friday. The firm has a market cap of $4.46 billion, a P/E ratio of 456.17 and a beta of 1.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98. Shake Shack Inc. has a fifty-two week low of $72.93 and a fifty-two week high of $139.89. The stock’s 50-day moving average is $88.83 and its two-hundred day moving average is $111.02.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). The business had revenue of $320.90 million for the quarter, compared to the consensus estimate of $330.24 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. Shake Shack’s revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 EPS. Analysts predict that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SHAK has been the topic of several research reports. Wedbush upped their price target on Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, February 21st. UBS Group reduced their target price on Shake Shack from $140.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, April 28th. Stifel Nicolaus dropped their price target 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. Loop Capital raised 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. Finally, TD Securities reissued a “buy” rating and issued a $105.00 target price on shares of Shake Shack in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $113.95.

About Shake Shack

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.