Shake Shack Inc. (NYSE:SHAK) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC cut its position in Shake Shack Inc. (NYSE:SHAK) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 341,108 shares of the company’s stock after selling 4,222 shares during the quarter. Fisher Asset Management LLC owned 0.81% of Shake Shack worth $25,283,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC boosted its holdings in Shake Shack by 6.9% during the 3rd quarter. SG Americas Securities LLC now owns 3,747 shares of the company’s stock valued at $218,000 after acquiring an additional 243 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Shake Shack by 5.7% in the third quarter. Commonwealth Equity Services LLC now owns 4,560 shares of the company’s stock valued at $265,000 after purchasing an additional 247 shares during the period. Los Angeles Capital Management LLC grew its holdings in shares of Shake Shack by 1.4% in the third quarter. Los Angeles Capital Management LLC now owns 19,679 shares of the company’s stock valued at $1,143,000 after purchasing an additional 274 shares in the last quarter. Natixis Advisors L.P. increased its stake in Shake Shack by 3.8% during the 3rd quarter. Natixis Advisors L.P. now owns 10,695 shares of the company’s stock worth $621,000 after buying an additional 388 shares during the period. Finally, RFG Advisory LLC lifted its holdings in Shake Shack by 10.3% during the 4th quarter. RFG Advisory LLC now owns 4,401 shares of the company’s stock worth $326,000 after buying an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Insider Transactions at Shake Shack

In related news, Director Jeffrey Flug sold 304 shares of Shake Shack stock in a transaction on Monday, March 4th. The shares were sold at an average price of $108.05, for a total value of $32,847.20. Following the transaction, the director now directly owns 4,058 shares in the company, valued at approximately $438,466.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Shake Shack news, Director Daniel Harris Meyer sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $95.25, for a total transaction of $2,857,500.00. Following the transaction, the director now owns 550,437 shares in the company, valued at approximately $52,429,124.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey Flug sold 304 shares of the stock in a transaction that occurred 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 directly owns 4,058 shares of the company’s stock, valued at $438,466.90. The disclosure for this sale can be found here. Insiders sold 100,760 shares of company stock worth $10,190,420 over the last 90 days. 10.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Shake Shack from $88.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. Wedbush lifted their price objective on Shake Shack from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday. TD Cowen restated a “buy” rating and set a $125.00 target price on shares of Shake Shack in a research note on Thursday. Barclays lifted their price target on shares of Shake Shack from $92.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, StockNews.com downgraded shares of Shake Shack from a “hold” rating to a “sell” rating in a research report on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $96.33.

Shake Shack Price Performance

Shares of NYSE:SHAK opened at $107.47 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.01 and a current ratio of 2.03. Shake Shack Inc. has a one year low of $52.79 and a one year high of $110.90. The company has a 50-day simple moving average of $102.37 and a 200-day simple moving average of $80.59. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 195.40, a PEG ratio of 3.80 and a beta of 1.78.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. Shake Shack had a return on equity of 4.86% and a net margin of 2.08%. The firm had revenue of $290.50 million during the quarter, compared to the consensus estimate of $291.00 million. During the same period in the prior year, the business earned ($0.01) EPS. The firm’s revenue was up 14.7% compared to the same quarter last year. On average, analysts predict that Shake Shack Inc. will post 0.72 EPS for the current 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.