Shake Shack Inc. (NYSE:SHAK) Shares Sold by Kettle Hill Capital Management LLC

Kettle Hill Capital Management LLC cut its holdings in Shake Shack Inc. (NYSE:SHAK) by 4.4% during the fourth quarter, HoldingsChannel reports. The fund owned 113,799 shares of the company’s stock after selling 5,293 shares during the period. Shake Shack comprises 3.2% of Kettle Hill Capital Management LLC’s holdings, making the stock its 13th biggest position. Kettle Hill Capital Management LLC’s holdings in Shake Shack were worth $14,771,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. GDS Wealth Management lifted its holdings in shares of Shake Shack by 253.6% in the 4th quarter. GDS Wealth Management now owns 14,277 shares of the company’s stock worth $1,853,000 after acquiring an additional 10,239 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Shake Shack by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 361,930 shares of the company’s stock valued at $46,979,000 after purchasing an additional 8,429 shares during the period. Sequoia Financial Advisors LLC acquired a new position in Shake Shack during the fourth quarter worth $260,000. Assenagon Asset Management S.A. boosted its position in shares of Shake Shack by 45.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 152,264 shares of the company’s stock worth $19,764,000 after buying an additional 47,906 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of Shake Shack by 0.3% in the fourth quarter. Rhumbline Advisers now owns 106,129 shares of the company’s stock valued at $13,776,000 after buying an additional 278 shares in the last quarter. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Shake Shack Stock Performance

Shares of Shake Shack stock opened at $104.92 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. Shake Shack Inc. has a 52 week low of $72.93 and a 52 week high of $139.89. The firm’s 50 day moving average is $88.83 and its two-hundred day moving average is $111.04. The firm has a market capitalization of $4.46 billion, a P/E ratio of 456.17 and a beta of 1.61.

Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The company had revenue of $320.90 million during the quarter, compared to analyst estimates of $330.24 million. During the same quarter in the previous year, the company posted $0.13 EPS. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Research analysts forecast that Shake Shack Inc. will post 1.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. UBS Group lowered their target price on Shake Shack from $140.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, April 28th. Wedbush lifted their price objective on shares of Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, February 21st. Wells Fargo & Company started coverage on shares of Shake Shack in a report on Wednesday, March 26th. They set an “equal weight” rating and a $95.00 target price on the stock. Barclays decreased their price target on shares of Shake Shack from $155.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Finally, Truist Financial cut their price objective on Shake Shack from $154.00 to $131.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Shake Shack presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.95.

Shake Shack 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.