Cwm LLC Sells 316 Shares of Shake Shack Inc. (NYSE:SHAK)

Cwm LLC lessened its holdings in Shake Shack Inc. (NYSE:SHAK) by 23.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,033 shares of the company’s stock after selling 316 shares during the quarter. Cwm LLC’s holdings in Shake Shack were worth $77,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new stake in shares of Shake Shack in the 3rd quarter valued at $1,700,000. Raymond James Financial Services Advisors Inc. raised its position in shares of Shake Shack by 60.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 77,901 shares of the company’s stock worth $5,774,000 after acquiring an additional 29,431 shares in the last quarter. California Public Employees Retirement System grew its stake in Shake Shack by 14.6% during the third quarter. California Public Employees Retirement System now owns 67,466 shares of the company’s stock worth $3,918,000 after purchasing an additional 8,615 shares during the period. Aigen Investment Management LP bought a new stake in Shake Shack in the third quarter worth approximately $216,000. Finally, Campbell & CO Investment Adviser LLC lifted its stake in Shake Shack by 1,816.5% in the third quarter. Campbell & CO Investment Adviser LLC now owns 80,339 shares of the company’s stock valued at $4,665,000 after buying an additional 76,147 shares during the period. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Shake Shack

In related news, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $103.01, for a total transaction of $31,315.04. Following the sale, the director now directly owns 3,754 shares in the company, valued at approximately $386,699.54. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Shake Shack news, Director Daniel Harris Meyer sold 40,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $106.34, for a total value of $4,253,600.00. Following the completion of the transaction, the director now directly owns 480,437 shares of the company’s stock, valued at approximately $51,089,670.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey Flug sold 304 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $103.01, for a total transaction of $31,315.04. Following the completion of the transaction, the director now directly owns 3,754 shares in the company, valued at approximately $386,699.54. The disclosure for this sale can be found here. Insiders sold 100,608 shares of company stock valued at $10,178,861 over the last three months. Company insiders own 10.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SHAK. TD Cowen reaffirmed a “buy” rating and set a $125.00 price objective on shares of Shake Shack in a research report on Thursday, May 2nd. Robert W. Baird boosted their price target on shares of Shake Shack from $102.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. UBS Group upped their price objective on shares of Shake Shack from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Morgan Stanley boosted their target price on shares of Shake Shack from $88.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. Finally, Barclays raised their price target on shares of Shake Shack from $92.00 to $108.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Shake Shack currently has a consensus rating of “Hold” and an average price target of $98.24.

Shake Shack Stock Performance

Shares of SHAK stock opened at $105.08 on Wednesday. Shake Shack Inc. has a 52 week low of $52.79 and a 52 week high of $111.29. The firm’s 50-day simple moving average is $102.51 and its two-hundred day simple moving average is $81.47. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 191.06, a P/E/G ratio of 3.79 and a beta of 1.78. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.99 and a current ratio of 2.03.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Shake Shack had a net margin of 2.08% and a return on equity of 4.86%. The company had revenue of $290.50 million for the quarter, compared to analysts’ expectations of $291.00 million. During the same period in the prior year, the company posted ($0.01) EPS. Shake Shack’s revenue was up 14.7% compared to the same quarter last year. As a group, equities analysts forecast that Shake Shack Inc. will post 0.72 earnings per share for the current year.

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.