Wealthcare Advisory Partners LLC Trims Stake in Shake Shack Inc. (NYSE:SHAK)

Wealthcare Advisory Partners LLC lowered its holdings in Shake Shack Inc. (NYSE:SHAK) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 13,406 shares of the company’s stock after selling 145 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Shake Shack were worth $1,740,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. State Street Corp increased its position in shares of Shake Shack by 3.5% in the third quarter. State Street Corp now owns 1,452,736 shares of the company’s stock worth $149,937,000 after purchasing an additional 49,324 shares during the last quarter. Holocene Advisors LP increased its holdings in shares of Shake Shack by 68.3% in the 3rd quarter. Holocene Advisors LP now owns 946,350 shares of the company’s stock worth $97,673,000 after buying an additional 384,131 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Shake Shack by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 876,380 shares of the company’s stock valued at $90,470,000 after buying an additional 26,620 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Shake Shack by 9.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 801,003 shares of the company’s stock worth $72,088,000 after acquiring an additional 66,090 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Shake Shack by 154.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company’s stock worth $67,157,000 after acquiring an additional 395,311 shares during the last quarter. Institutional investors own 86.07% of the company’s stock.

Shake Shack Trading Down 1.4 %

Shares of SHAK opened at $115.25 on Friday. Shake Shack Inc. has a 1-year low of $66.06 and a 1-year high of $139.89. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 677.94, a PEG ratio of 1.91 and a beta of 1.86. The firm’s 50-day moving average price is $128.97 and its 200-day moving average price is $111.38. The company has a current ratio of 2.01, a quick ratio of 1.98 and a debt-to-equity ratio of 0.51.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the firm posted $0.17 EPS. The business’s revenue was up 14.7% on a year-over-year basis. Sell-side analysts anticipate that Shake Shack Inc. will post 0.82 EPS for the current year.

Insider Buying and Selling

In related news, CFO Katherine Irene Fogertey sold 642 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total transaction of $88,281.42. Following the sale, the chief financial officer now directly owns 30,717 shares of the company’s stock, valued at $4,223,894.67. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Daniel Harris Meyer sold 30,000 shares of the business’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 completion of the transaction, the director now directly owns 407,646 shares of the company’s stock, valued at approximately $49,647,206.34. This trade represents a 6.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 53,333 shares of company stock valued at $6,566,330 over the last ninety days. Company insiders own 9.73% of the company’s stock.

Analyst Ratings Changes

SHAK has been the topic of a number of research analyst reports. Truist Financial reduced their target price on Shake Shack from $149.00 to $143.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $102.00 price objective (down from $105.00) on shares of Shake Shack in a research report on Tuesday, September 24th. Oppenheimer boosted their target price on Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Wedbush reiterated a “neutral” rating and set a $130.00 price target on shares of Shake Shack in a research report on Wednesday. Finally, Stifel Nicolaus lowered their price objective on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $123.78.

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.