Shake Shack Inc (SHAK) Holdings Lowered by First Trust Advisors LP

First Trust Advisors LP trimmed its position in Shake Shack Inc (NYSE:SHAK) by 34.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,373 shares of the company’s stock after selling 28,480 shares during the quarter. First Trust Advisors LP owned approximately 0.15% of Shake Shack worth $2,470,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in shares of Shake Shack by 30.4% in the third quarter. BlackRock Inc. now owns 3,800,912 shares of the company’s stock worth $239,495,000 after buying an additional 886,216 shares during the period. Vanguard Group Inc boosted its holdings in shares of Shake Shack by 28.5% during the third quarter. Vanguard Group Inc now owns 2,878,119 shares of the company’s stock worth $181,350,000 after purchasing an additional 638,875 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Shake Shack by 28.5% during the third quarter. Vanguard Group Inc. now owns 2,878,119 shares of the company’s stock worth $181,350,000 after purchasing an additional 638,875 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Shake Shack by 48.0% during the third quarter. Renaissance Technologies LLC now owns 818,566 shares of the company’s stock worth $51,578,000 after purchasing an additional 265,366 shares during the period. Finally, Macquarie Group Ltd. boosted its holdings in shares of Shake Shack by 15.0% during the third quarter. Macquarie Group Ltd. now owns 621,204 shares of the company’s stock worth $39,142,000 after purchasing an additional 81,186 shares during the period. Institutional investors own 83.39% of the company’s stock.

Several analysts recently commented on the stock. Zacks Investment Research cut shares of Shake Shack from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Wedbush decreased their price target on shares of Shake Shack from $56.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, February 26th. Stifel Nicolaus decreased their price target on shares of Shake Shack from $65.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, December 12th. Finally, Jefferies Financial Group upgraded shares of Shake Shack from an “underperform” rating to a “hold” rating and set a $45.08 price target for the company in a report on Wednesday, December 19th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Shake Shack presently has a consensus rating of “Hold” and an average target price of $54.21.

SHAK stock opened at $53.35 on Friday. The company has a market cap of $1.98 billion, a P/E ratio of 75.14, a P/E/G ratio of 3.80 and a beta of 1.44. Shake Shack Inc has a 52 week low of $39.77 and a 52 week high of $70.12.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Monday, February 25th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.03. The firm had revenue of $124.30 million for the quarter, compared to analyst estimates of $119.08 million. Shake Shack had a net margin of 3.30% and a return on equity of 9.57%. The company’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 earnings per share. Analysts anticipate that Shake Shack Inc will post 0.62 EPS for the current year.

In related news, CEO Randall J. Garutti sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 26th. The shares were sold at an average price of $42.23, for a total transaction of $1,055,750.00. Following the transaction, the chief executive officer now owns 43,041 shares of the company’s stock, valued at $1,817,621.43. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Randall J. Garutti sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $48.04, for a total transaction of $480,400.00. Following the transaction, the chief executive officer now directly owns 28,041 shares in the company, valued at approximately $1,347,089.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 455,606 shares of company stock worth $23,871,286. Insiders own 30.18% of the company’s stock.

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Shake Shack Profile

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of October 9, 2018, it operated 180 locations in 26 U.S.

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Institutional Ownership by Quarter for Shake Shack (NYSE:SHAK)

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