Cwm LLC Has $46,000 Stake in Shake Shack Inc. (NYSE:SHAK)

Cwm LLC raised its position in shares of Shake Shack Inc. (NYSE:SHAKGet Rating) by 24.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,012 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Cwm LLC’s holdings in Shake Shack were worth $46,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Pariax LLC boosted its holdings in shares of Shake Shack by 3.6% during the third quarter. Pariax LLC now owns 5,700 shares of the company’s stock worth $256,000 after purchasing an additional 200 shares during the period. DAVENPORT & Co LLC boosted its stake in shares of Shake Shack by 4.1% during the 2nd quarter. DAVENPORT & Co LLC now owns 6,334 shares of the company’s stock valued at $250,000 after buying an additional 249 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Shake Shack by 4.1% during the 2nd quarter. Victory Capital Management Inc. now owns 6,438 shares of the company’s stock valued at $254,000 after acquiring an additional 255 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Shake Shack by 6.6% in the first quarter. Baird Financial Group Inc. now owns 4,349 shares of the company’s stock worth $295,000 after acquiring an additional 271 shares during the last quarter. Finally, Truist Financial Corp raised its holdings in shares of Shake Shack by 2.6% during the third quarter. Truist Financial Corp now owns 12,096 shares of the company’s stock worth $544,000 after acquiring an additional 305 shares in the last quarter. Hedge funds and other institutional investors own 83.55% of the company’s stock.

Shake Shack Price Performance

NYSE:SHAK opened at $54.90 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.54 and a quick ratio of 2.51. Shake Shack Inc. has a one year low of $37.72 and a one year high of $79.25. The company has a fifty day moving average price of $48.87 and a 200 day moving average price of $48.53. The stock has a market cap of $2.31 billion, a P/E ratio of -93.05 and a beta of 1.59.

Shake Shack (NYSE:SHAKGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The company reported ($0.06) EPS for the quarter, meeting analysts’ consensus estimates of ($0.06). Shake Shack had a negative net margin of 2.67% and a negative return on equity of 3.52%. The business had revenue of $227.81 million during the quarter, compared to analyst estimates of $226.79 million. Analysts anticipate that Shake Shack Inc. will post -0.39 earnings per share for the current year.

Insider Buying and Selling at Shake Shack

In other news, COO Zach Koff sold 3,900 shares of Shake Shack stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $55.00, for a total transaction of $214,500.00. Following the sale, the chief operating officer now owns 31,085 shares of the company’s stock, valued at approximately $1,709,675. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 9.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on SHAK. Wedbush downgraded Shake Shack from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $58.00 to $49.00 in a research note on Wednesday, December 21st. StockNews.com initiated coverage on shares of Shake Shack in a research report on Wednesday, October 12th. They set a “sell” rating on the stock. Barclays cut their price target on shares of Shake Shack from $46.00 to $42.00 and set an “equal weight” rating on the stock in a report on Thursday, January 5th. Credit Suisse Group decreased their price objective on shares of Shake Shack from $61.00 to $57.00 and set a “neutral” rating for the company in a report on Monday, November 7th. Finally, Morgan Stanley lowered Shake Shack from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $50.00 to $47.00 in a report on Tuesday. Three analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $58.21.

Shake Shack Profile

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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 December 29, 2021, it operated 369 Shacks, including 218 domestic company-operated Shacks, 25 domestic licensed Shacks, and 126 international licensed Shacks.

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

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