Shake Shack Inc. (NYSE:SHAK) Position Trimmed by Oxler Private Wealth LLC

Oxler Private Wealth LLC decreased its holdings in Shake Shack Inc. (NYSE:SHAK) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,573 shares of the company’s stock after selling 127 shares during the quarter. Oxler Private Wealth LLC’s holdings in Shake Shack were worth $334,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its holdings in shares of Shake Shack by 0.4% in the third quarter. Thrivent Financial for Lutherans now owns 31,398 shares of the company’s stock worth $3,241,000 after buying an additional 139 shares during the period. Glenmede Trust Co. NA boosted its stake in Shake Shack by 1.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 13,293 shares of the company’s stock worth $1,372,000 after purchasing an additional 199 shares during the period. Covestor Ltd boosted its stake in Shake Shack by 41.6% in the 3rd quarter. Covestor Ltd now owns 698 shares of the company’s stock worth $72,000 after purchasing an additional 205 shares during the period. Amalgamated Bank grew its position in Shake Shack by 1.8% during the 3rd quarter. Amalgamated Bank now owns 11,721 shares of the company’s stock worth $1,210,000 after purchasing an additional 211 shares in the last quarter. Finally, KBC Group NV raised its stake in Shake Shack by 24.1% during the 3rd quarter. KBC Group NV now owns 1,206 shares of the company’s stock valued at $124,000 after purchasing an additional 234 shares during the period. Institutional investors own 86.07% of the company’s stock.

Shake Shack Trading Down 3.2 %

Shares of SHAK stock opened at $118.23 on Friday. The business’s 50 day moving average is $128.17 and its two-hundred day moving average is $113.55. The company has a quick ratio of 1.98, a current ratio of 2.01 and a debt-to-equity ratio of 0.51. Shake Shack Inc. has a 12 month low of $73.75 and a 12 month high of $139.89. The company has a market cap of $5.02 billion, a PE ratio of 695.47, a price-to-earnings-growth ratio of 1.61 and a beta of 1.86.

Shake Shack (NYSE:SHAK) last announced its earnings results on Wednesday, October 30th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. Shake Shack had a net margin of 0.68% and a return on equity of 6.28%. The firm had revenue of $316.92 million for the quarter, compared to the consensus estimate of $316.03 million. During the same quarter last year, the firm posted $0.17 EPS. The business’s quarterly revenue was up 14.7% on a year-over-year basis. Equities analysts predict that Shake Shack Inc. will post 0.9 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SHAK. Wedbush reiterated a “neutral” rating and set a $130.00 price target on shares of Shake Shack in a report on Wednesday, January 15th. Barclays upgraded Shake Shack from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $125.00 to $159.00 in a report on Tuesday, January 7th. Gordon Haskett upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a report on Wednesday, January 8th. Oppenheimer upped their price objective on shares of Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus decreased their target price on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $123.78.

Insider Transactions at Shake Shack

In other news, CFO Katherine Irene Fogertey sold 642 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total value of $88,281.42. Following the sale, the chief financial officer now owns 30,717 shares in the company, valued at approximately $4,223,894.67. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 9.73% of the stock is currently owned by corporate insiders.

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.