Shake Shack, Inc. $SHAK Stock Sold by Cooper Investors PTY Ltd.

Cooper Investors PTY Ltd. lowered its position in Shake Shack, Inc. (NYSE:SHAK) by 35.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 24,519 shares of the company’s stock after selling 13,244 shares during the period. Shake Shack comprises about 0.8% of Cooper Investors PTY Ltd.’s investment portfolio, making the stock its 25th biggest position. Cooper Investors PTY Ltd.’s holdings in Shake Shack were worth $1,439,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SHAK. 12 West Capital Management LP boosted its stake in Shake Shack by 12.0% during the fourth quarter. 12 West Capital Management LP now owns 1,963,595 shares of the company’s stock valued at $159,385,000 after buying an additional 210,000 shares during the period. Bank of America Corp DE raised its holdings in shares of Shake Shack by 9.3% in the 1st quarter. Bank of America Corp DE now owns 899,013 shares of the company’s stock valued at $79,536,000 after acquiring an additional 76,724 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Shake Shack by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 670,111 shares of the company’s stock valued at $59,276,000 after acquiring an additional 16,439 shares in the last quarter. Cannell & Spears LLC raised its holdings in shares of Shake Shack by 27.4% in the 1st quarter. Cannell & Spears LLC now owns 452,694 shares of the company’s stock valued at $40,022,000 after acquiring an additional 97,446 shares in the last quarter. Finally, Wasatch Advisors LP boosted its position in shares of Shake Shack by 16.5% during the 1st quarter. Wasatch Advisors LP now owns 407,283 shares of the company’s stock valued at $36,032,000 after acquiring an additional 57,612 shares during the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SHAK. DA Davidson boosted their price objective on Shake Shack from $70.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. TD Cowen reaffirmed a “hold” rating on shares of Shake Shack in a research note on Wednesday, August 5th. Royal Bank Of Canada began coverage on shares of Shake Shack in a research note on Tuesday, September 8th. They issued an “outperform” rating and a $89.00 target price on the stock. Weiss Ratings upgraded shares of Shake Shack from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, September 9th. Finally, Piper Sandler cut their price target on shares of Shake Shack from $79.00 to $66.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Sixteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, Shake Shack currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.22.

Shake Shack Price Performance

SHAK traded up $1.74 during trading on Tuesday, reaching $71.08. The stock had a trading volume of 1,219,972 shares, compared to its average volume of 1,760,896. The business has a 50-day moving average of $66.24 and a 200-day moving average of $69.26. Shake Shack, Inc. has a one year low of $51.60 and a one year high of $107.46. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.64 and a current ratio of 1.67. The stock has a market cap of $3.04 billion, a PE ratio of 75.62, a PEG ratio of 7.32 and a beta of 1.68.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.12. Shake Shack had a return on equity of 9.29% and a net margin of 2.56%. The firm had revenue of $417.62 million during the quarter, compared to analyst estimates of $417.18 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue was up 17.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Shake Shack, Inc. will post 1.13 EPS for the current fiscal year.

Shake Shack Company Profile

Shake Shack Inc operates a fast-casual restaurant brand known for made-to-order burgers, chicken sandwiches, hot dogs, crinkle-cut fries, frozen custard, milkshakes, and beverages including beer and wine at select locations. Its menu emphasizes premium ingredients and includes vegetarian and other non-meat options.

The company began as a seasonal hot dog cart in Madison Square Park in New York City in 2001 and opened its first permanent restaurant there in 2004. Shake Shack has since expanded through a combination of company-operated and licensed restaurants, with locations across the United States and in international markets, including parts of Asia, Europe and the Middle East.

Shake Shack also offers digital ordering, delivery, catering and merchandise.