2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. reduced its position in Shake Shack Inc. ( NYSE:SHAK – Free Report ) by 9.
7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,468 shares of the company’s stock after selling 2,296 shares during the quarter. Russell Investments Group Ltd.
owned approximately 0.05% of Shake Shack worth $2,787,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds also recently bought and sold shares of the business.
Nemes Rush Group LLC purchased a new position in Shake Shack in the 4th quarter valued at approximately $29,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Shake Shack in the fourth quarter valued at $32,000.
Transcendent Capital Group LLC acquired a new position in Shake Shack during the 4th quarter worth $52,000. R Squared Ltd acquired a new position in Shake Shack during the 4th quarter worth $56,000. Finally, Whittier Trust Co.
of Nevada Inc. increased its holdings in Shake Shack by 200.0% during the 4th quarter.
Whittier Trust Co. of Nevada Inc. now owns 600 shares of the company’s stock worth $78,000 after purchasing an additional 400 shares during the period.
86.07% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth A number of equities analysts have recently commented on the company.
Gordon Haskett raised Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co.
decreased their price objective on shares of Shake Shack from $107.00 to $105.00 and set an “underweight” rating for the company in a research report on Thursday, March 20th.
Truist Financial lifted their price target on Shake Shack from $143.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, February 21st.
UBS Group increased their price objective on Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th.
Finally, Robert W. Baird decreased their target price on Shake Shack from $98.00 to $85.
00 and set a “neutral” rating for the company in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued 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 an average target price of $122.
19. Shake Shack Price Performance NYSE:SHAK opened at $83.57 on Friday.
The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.
98. The stock has a market cap of $3.55 billion, a P/E ratio of 363.
35 and a beta of 1.80. The company has a fifty day moving average price of $94.
41 and a 200 day moving average price of $112.77. Shake Shack Inc.
has a one year low of $72.93 and a one year high of $139.89.
Shake Shack ( NYSE:SHAK – Get Free Report ) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
25 by $0.01. Shake Shack had a return on equity of 8.
40% and a net margin of 0.81%. The company had revenue of $328.
68 million for the quarter, compared to the consensus estimate of $329.02 million. Analysts anticipate that Shake Shack Inc.
will post 1.26 earnings per share for the current year. Shake Shack Company Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding SHAK? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Shake Shack Inc. ( NYSE:SHAK – Free Report ). Receive News & Ratings for Shake Shack Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shake Shack and related companies with MarketBeat.
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