Wealthcare Advisory Partners LLC Has $1.74 Million Stock Position in Shake Shack Inc. (NYSE:SHAK)

Wealthcare Advisory Partners LLC lessened its stake in shares of Shake Shack Inc. (NYSE:SHAK) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,406 shares of the company’s stock after selling 145 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Shake Shack were worth $1,740,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Shake Shack during the fourth quarter worth $871,000. Assenagon Asset Management S.A. raised its position in Shake Shack by 45.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 152,264 shares of the company’s stock worth $19,764,000 after purchasing an additional 47,906 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Shake Shack by 4.3% in the fourth quarter. Nordea Investment Management AB now owns 76,884 shares of the company’s stock valued at $10,049,000 after buying an additional 3,186 shares during the period. GAMMA Investing LLC raised its holdings in Shake Shack by 56.3% during the 4th quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $96,000 after purchasing an additional 265 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Shake Shack by 1.1% during the third quarter. Principal Financial Group Inc. now owns 189,229 shares of the company’s stock worth $19,530,000 after buying an additional 2,043 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors.

Insider Activity at Shake Shack

In other Shake Shack news, Director Daniel Harris Meyer sold 30,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $121.79, for a total transaction of $3,653,700.00. Following the sale, the director now owns 407,646 shares of the company’s stock, valued at $49,647,206.34. The trade was a 6.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Katherine Irene Fogertey sold 642 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total value of $88,281.42. Following the completion of the transaction, the chief financial officer now owns 30,717 shares of the company’s stock, valued at approximately $4,223,894.67. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,333 shares of company stock worth $6,566,330. Insiders own 9.73% of the company’s stock.

Shake Shack Stock Down 1.4 %

SHAK opened at $115.25 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98. The firm has a market capitalization of $4.90 billion, a P/E ratio of 677.94, a PEG ratio of 1.91 and a beta of 1.86. Shake Shack Inc. has a fifty-two week low of $66.06 and a fifty-two week high of $139.89. The company’s 50-day moving average is $128.97 and its 200 day moving average is $111.38.

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, beating the consensus estimate of $0.20 by $0.05. The firm had revenue of $316.92 million during the quarter, compared to analyst estimates of $316.03 million. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same period last year, the firm posted $0.17 EPS. Research analysts expect that Shake Shack Inc. will post 0.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SHAK shares. JPMorgan Chase & Co. restated an “underweight” rating and set a $102.00 target price (down previously from $105.00) on shares of Shake Shack in a research report on Tuesday, September 24th. Wedbush reaffirmed a “neutral” rating and set a $130.00 price objective on shares of Shake Shack in a research report on Wednesday. Stifel Nicolaus dropped their target price on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a research report on Friday. Truist Financial reduced their price target on shares of Shake Shack from $149.00 to $143.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, 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 report on Tuesday, January 7th. Two equities 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 company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $123.78.

Shake Shack 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.