Two Sigma Advisers LP decreased its position in Shake Shack Inc (NYSE:SHAK) by 45.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,900 shares of the company’s stock after selling 28,700 shares during the period. Two Sigma Advisers LP’s holdings in Shake Shack were worth $1,585,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Coatue Management LLC acquired a new position in shares of Shake Shack in the 4th quarter valued at $817,000. Geode Capital Management LLC boosted its holdings in Shake Shack by 9.0% in the fourth quarter. Geode Capital Management LLC now owns 262,094 shares of the company’s stock valued at $11,904,000 after purchasing an additional 21,649 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Shake Shack by 51.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 417,461 shares of the company’s stock valued at $18,960,000 after purchasing an additional 141,498 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Shake Shack by 132.8% in the fourth quarter. Hsbc Holdings PLC now owns 70,635 shares of the company’s stock valued at $3,208,000 after purchasing an additional 40,294 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in Shake Shack by 11.3% in the fourth quarter. Great West Life Assurance Co. Can now owns 34,960 shares of the company’s stock valued at $1,466,000 after purchasing an additional 3,539 shares during the last quarter. Hedge funds and other institutional investors own 83.30% of the company’s stock.

In related news, CEO Randall J. Garutti sold 10,000 shares of the company’s stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $48.04, for a total transaction of $480,400.00. Following the completion of the transaction, the chief executive officer now owns 28,041 shares in the company, valued at approximately $1,347,089.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jonathan D. Sokoloff sold 250,000 shares of the company’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $58.36, for a total transaction of $14,590,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 816,818 shares of company stock valued at $45,173,147. Insiders own 30.18% of the company’s stock.

SHAK opened at $58.64 on Thursday. Shake Shack Inc has a twelve month low of $40.67 and a twelve month high of $70.12. The stock has a market cap of $2.14 billion, a P/E ratio of 83.74, a P/E/G ratio of 4.14 and a beta of 1.45.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Monday, February 25th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. Shake Shack had a net margin of 3.30% and a return on equity of 9.57%. The firm had revenue of $124.30 million during the quarter, compared to the consensus estimate of $119.08 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The company’s revenue for the quarter was up 29.3% on a year-over-year basis. Analysts forecast that Shake Shack Inc will post 0.62 earnings per share for the current year.

Several research firms have recently issued reports on SHAK. Zacks Investment Research raised shares of Shake Shack from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Stifel Nicolaus lowered their target price on shares of Shake Shack from $65.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, December 12th. Wedbush lowered their target price on shares of Shake Shack from $56.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 26th. Finally, Jefferies Financial Group raised shares of Shake Shack from an “underperform” rating to a “hold” rating and set a $45.08 target price on the stock in a research note on Wednesday, December 19th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $54.21.

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About Shake Shack

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of October 9, 2018, it operated 180 locations in 26 U.S.

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Institutional Ownership by Quarter for Shake Shack (NYSE:SHAK)

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