Nisa Investment Advisors LLC Sells 800 Shares of Shake Shack Inc. (NYSE:SHAK)

Nisa Investment Advisors LLC reduced its position in shares of Shake Shack Inc. (NYSE:SHAK) by 26.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,225 shares of the company’s stock after selling 800 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Shake Shack were worth $165,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Shake Shack by 7.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,606 shares of the company’s stock valued at $1,305,000 after purchasing an additional 1,251 shares during the period. DAVENPORT & Co LLC lifted its position in shares of Shake Shack by 8.0% during the 4th quarter. DAVENPORT & Co LLC now owns 10,739 shares of the company’s stock valued at $796,000 after buying an additional 800 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Shake Shack by 60.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 77,901 shares of the company’s stock valued at $5,774,000 after buying an additional 29,431 shares in the last quarter. Raymond James & Associates lifted its position in shares of Shake Shack by 53.7% during the 4th quarter. Raymond James & Associates now owns 73,771 shares of the company’s stock valued at $5,468,000 after buying an additional 25,761 shares in the last quarter. Finally, Legato Capital Management LLC lifted its position in shares of Shake Shack by 49.2% during the 4th quarter. Legato Capital Management LLC now owns 13,162 shares of the company’s stock valued at $976,000 after buying an additional 4,340 shares in the last quarter. 86.07% of the stock is currently owned by institutional investors.

Insider Activity

In other Shake Shack news, Director Jeffrey Flug sold 304 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $108.05, for a total value of $32,847.20. Following the transaction, the director now owns 4,058 shares of the company’s stock, valued at approximately $438,466.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Shake Shack news, Director Daniel Harris Meyer sold 6,034 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $100.08, for a total value of $603,882.72. Following the completion of the sale, the director now directly owns 520,437 shares in the company, valued at approximately $52,085,334.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey Flug sold 304 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $108.05, for a total value of $32,847.20. Following the completion of the sale, the director now owns 4,058 shares of the company’s stock, valued at $438,466.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,912 shares of company stock valued at $10,201,834. 10.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SHAK has been the topic of a number of analyst reports. UBS Group lifted their price objective on Shake Shack from $80.00 to $88.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Robert W. Baird lifted their price objective on Shake Shack from $67.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, February 13th. Morgan Stanley lifted their price objective on Shake Shack from $88.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, April 12th. BTIG Research lifted their price objective on Shake Shack from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Finally, JPMorgan Chase & Co. boosted their price target on Shake Shack from $65.00 to $100.00 and gave the stock an “underweight” rating in a report on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Shake Shack has an average rating of “Hold” and an average price target of $88.67.

Shake Shack Stock Performance

NYSE:SHAK opened at $94.39 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 2.01. Shake Shack Inc. has a 1 year low of $52.64 and a 1 year high of $110.90. The stock’s 50 day simple moving average is $100.18 and its two-hundred day simple moving average is $77.16. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 205.20, a PEG ratio of 3.55 and a beta of 1.80.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.02 earnings per share (EPS) for the quarter. Shake Shack had a return on equity of 3.67% and a net margin of 1.82%. The business had revenue of $286.20 million for the quarter, compared to the consensus estimate of $280.45 million. During the same quarter in the previous year, the company posted ($0.06) EPS. The company’s revenue was up 20.0% compared to the same quarter last year. As a group, equities analysts anticipate that Shake Shack Inc. will post 0.71 earnings per share for the current fiscal year.

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.