Mount Yale Investment Advisors LLC Has $287,000 Position in Shake Shack Inc. (NYSE:SHAK)

Mount Yale Investment Advisors LLC cut its stake in Shake Shack Inc. (NYSE:SHAK) by 25.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,214 shares of the company’s stock after selling 775 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Shake Shack were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Xponance Inc. increased its stake in shares of Shake Shack by 4.5% during the 2nd quarter. Xponance Inc. now owns 2,395 shares of the company’s stock worth $216,000 after purchasing an additional 103 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Shake Shack by 0.4% during the third quarter. Thrivent Financial for Lutherans now owns 31,398 shares of the company’s stock valued at $3,241,000 after buying an additional 139 shares in the last quarter. Glenmede Trust Co. NA lifted its position in shares of Shake Shack by 1.5% in the third quarter. Glenmede Trust Co. NA now owns 13,293 shares of the company’s stock worth $1,372,000 after buying an additional 199 shares during the last quarter. Covestor Ltd boosted its stake in shares of Shake Shack by 41.6% during the 3rd quarter. Covestor Ltd now owns 698 shares of the company’s stock worth $72,000 after acquiring an additional 205 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Shake Shack by 1.8% during the 3rd quarter. Amalgamated Bank now owns 11,721 shares of the company’s stock valued at $1,210,000 after acquiring an additional 211 shares during the last quarter. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wedbush reaffirmed a “neutral” rating and set a $130.00 target price on shares of Shake Shack in a research report on Wednesday, January 15th. Oppenheimer raised their target price 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. UBS Group upped their price target on shares of Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Truist Financial dropped their price objective 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. Finally, Stifel Nicolaus decreased their target price on 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 analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $123.78.

Shake Shack Price Performance

Shares of SHAK stock opened at $120.20 on Thursday. The stock’s fifty day simple moving average is $128.27 and its 200 day simple moving average is $113.27. Shake Shack Inc. has a one year low of $73.75 and a one year high of $139.89. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 707.06, a P/E/G ratio of 1.67 and a beta of 1.86. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98.

Shake Shack (NYSE:SHAK) last announced its earnings results on Wednesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The business had revenue of $316.92 million during the quarter, compared to analysts’ expectations of $316.03 million. Shake Shack had a net margin of 0.68% and a return on equity of 6.28%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the company posted $0.17 EPS. On average, analysts expect that Shake Shack Inc. will post 0.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Shake Shack news, Director Daniel Harris Meyer sold 30,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were 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. The trade was a 6.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Katherine Irene Fogertey sold 642 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were 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 in the company, valued at $4,223,894.67. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.73% of the company’s stock.

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.