Cwm LLC Decreases Stock Position in Shake Shack Inc. (NYSE:SHAK)

Cwm LLC lowered its holdings in shares of Shake Shack Inc. (NYSE:SHAK) by 9.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 948 shares of the company’s stock after selling 98 shares during the quarter. Cwm LLC’s holdings in Shake Shack were worth $98,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHAK. Allspring Global Investments Holdings LLC bought a new position in Shake Shack in the first quarter worth approximately $25,000. Quest Partners LLC acquired a new stake in shares of Shake Shack during the second quarter worth $38,000. Kimelman & Baird LLC acquired a new position in shares of Shake Shack in the second quarter valued at about $45,000. Covestor Ltd raised its holdings in shares of Shake Shack by 32,150.0% during the first quarter. Covestor Ltd now owns 645 shares of the company’s stock worth $67,000 after purchasing an additional 643 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in Shake Shack during the first quarter valued at approximately $97,000. Institutional investors own 86.07% of the company’s stock.

Insider Buying and Selling

In related news, CFO Katherine Irene Fogertey sold 321 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $95.10, for a total transaction of $30,527.10. Following the transaction, the chief financial officer now directly owns 37,143 shares in the company, valued at approximately $3,532,299.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Shake Shack news, CFO Katherine Irene Fogertey sold 321 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $95.10, for a total value of $30,527.10. Following the completion of the transaction, the chief financial officer now directly owns 37,143 shares of the company’s stock, valued at $3,532,299.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Daniel Harris Meyer sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $110.24, for a total value of $1,102,400.00. Following the completion of the sale, the director now directly owns 470,437 shares of the company’s stock, valued at approximately $51,860,974.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,330 shares of company stock worth $2,429,690 in the last ninety days. Insiders own 9.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Bank of America boosted their target price on shares of Shake Shack from $104.00 to $116.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Robert W. Baird lifted their target price on shares of Shake Shack from $93.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. The Goldman Sachs Group boosted their price objective on shares of Shake Shack from $110.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Barclays boosted their price objective on Shake Shack from $110.00 to $115.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Wedbush reiterated a “neutral” rating and issued a $90.00 price objective on shares of Shake Shack in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Shake Shack currently has an average rating of “Hold” and an average target price of $107.67.

Shake Shack Price Performance

Shake Shack stock opened at $110.45 on Friday. The stock has a market capitalization of $4.67 billion, a PE ratio of 200.82, a price-to-earnings-growth ratio of 3.21 and a beta of 1.83. The business has a 50 day simple moving average of $104.82 and a 200-day simple moving average of $98.10. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.06 and a quick ratio of 2.03. Shake Shack Inc. has a 12 month low of $54.06 and a 12 month high of $113.50.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The firm had revenue of $316.50 million during the quarter, compared to analysts’ expectations of $314.37 million. Shake Shack had a net margin of 2.23% and a return on equity of 5.63%. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 earnings per share. Equities analysts predict that Shake Shack Inc. will post 0.74 earnings per share for the current year.

Shake Shack Company 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.