Shake Shack, Inc. $SHAK Position Decreased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC trimmed its holdings in shares of Shake Shack, Inc. (NYSE:SHAK) by 77.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,165 shares of the company’s stock after selling 18,155 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Shake Shack were worth $464,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Glenview Trust co lifted its position in shares of Shake Shack by 1.5% during the 2nd quarter. Glenview Trust co now owns 6,925 shares of the company’s stock valued at $974,000 after acquiring an additional 100 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Shake Shack by 12.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 964 shares of the company’s stock worth $91,000 after acquiring an additional 107 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Shake Shack by 5.8% during the third quarter. Nisa Investment Advisors LLC now owns 2,503 shares of the company’s stock worth $234,000 after purchasing an additional 138 shares during the period. Global Retirement Partners LLC raised its position in shares of Shake Shack by 83.7% during the third quarter. Global Retirement Partners LLC now owns 327 shares of the company’s stock worth $31,000 after purchasing an additional 149 shares during the period. Finally, Murphy & Mullick Capital Management Corp lifted its holdings in shares of Shake Shack by 68.5% during the third quarter. Murphy & Mullick Capital Management Corp now owns 418 shares of the company’s stock valued at $38,000 after purchasing an additional 170 shares during the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack Stock Up 1.1%

SHAK stock opened at $98.67 on Friday. The company has a 50 day moving average of $92.09 and a two-hundred day moving average of $90.37. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 90.52, a PEG ratio of 3.91 and a beta of 1.75. Shake Shack, Inc. has a 12-month low of $76.51 and a 12-month high of $144.65. The company has a quick ratio of 1.73, a current ratio of 1.76 and a debt-to-equity ratio of 0.45.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. Shake Shack had a net margin of 3.16% and a return on equity of 11.08%. The business had revenue of $400.53 million for the quarter, compared to analysts’ expectations of $402.06 million. During the same period in the previous year, the company posted $0.26 EPS. Shake Shack’s revenue was up 21.8% on a year-over-year basis. On average, equities analysts anticipate that Shake Shack, Inc. will post 1.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SHAK. Barclays decreased their price target on Shake Shack from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft raised shares of Shake Shack from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Tuesday, January 6th. Wolfe Research assumed coverage on shares of Shake Shack in a research report on Monday, March 9th. They issued an “outperform” rating and a $118.00 target price on the stock. Raymond James Financial set a $140.00 price target on shares of Shake Shack in a report on Wednesday, January 21st. Finally, Zacks Research raised shares of Shake Shack from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.70.

Shake Shack Profile

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.