Shake Shack Inc. (NYSE:SHAK) Shares Sold by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. decreased its holdings in shares of Shake Shack Inc. (NYSE:SHAK) by 21.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 660,237 shares of the company’s stock after selling 182,236 shares during the period. Shake Shack makes up approximately 2.5% of Van Berkom & Associates Inc.’s portfolio, making the stock its 16th biggest position. Van Berkom & Associates Inc.’s holdings in Shake Shack were worth $85,699,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. GDS Wealth Management grew its holdings in shares of Shake Shack by 253.6% during the fourth quarter. GDS Wealth Management now owns 14,277 shares of the company’s stock valued at $1,853,000 after purchasing an additional 10,239 shares during the last quarter. Fisher Asset Management LLC boosted its position in Shake Shack by 4.8% during the 3rd quarter. Fisher Asset Management LLC now owns 354,114 shares of the company’s stock valued at $36,548,000 after purchasing an additional 16,097 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Shake Shack by 7.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 353,501 shares of the company’s stock valued at $36,485,000 after purchasing an additional 24,813 shares during the period. FMR LLC grew its stake in Shake Shack by 3.6% during the 3rd quarter. FMR LLC now owns 243,549 shares of the company’s stock worth $25,137,000 after buying an additional 8,512 shares during the last quarter. Finally, Jennison Associates LLC increased its position in Shake Shack by 10.8% in the third quarter. Jennison Associates LLC now owns 294,111 shares of the company’s stock worth $30,355,000 after buying an additional 28,661 shares during the period. Institutional investors own 86.07% of the company’s stock.

Insider Activity at Shake Shack

In other news, CFO Katherine Irene Fogertey sold 642 shares of Shake Shack stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total transaction of $88,281.42. Following the transaction, the chief financial officer now owns 30,717 shares in the company, valued at approximately $4,223,894.67. The trade was a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.73% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SHAK. 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. Barclays raised shares of Shake Shack from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $125.00 to $159.00 in a research note on Tuesday, January 7th. Stifel Nicolaus dropped their price target on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a research note on Friday, January 17th. Wedbush reiterated a “neutral” rating and set a $130.00 price objective on shares of Shake Shack in a research report on Wednesday, January 15th. Finally, Gordon Haskett upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, Shake Shack presently has an average rating of “Hold” and an average target price of $124.29.

Shake Shack Stock Up 11.4 %

Shares of Shake Shack stock opened at $123.92 on Friday. The company has a quick ratio of 1.98, a current ratio of 2.01 and a debt-to-equity ratio of 0.51. Shake Shack Inc. has a 12-month low of $77.50 and a 12-month high of $139.89. The firm has a market capitalization of $5.26 billion, a PE ratio of 728.96 and a beta of 1.86. The stock’s fifty day moving average is $122.24 and its 200-day moving average is $116.17.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. Equities analysts anticipate that Shake Shack Inc. will post 0.9 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.