Nisa Investment Advisors LLC Trims Holdings in Shake Shack Inc. (NYSE:SHAK)

Nisa Investment Advisors LLC decreased its stake in shares of Shake Shack Inc. (NYSE:SHAK) by 26.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,225 shares of the company’s stock after selling 800 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Shake Shack were worth $165,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Shake Shack by 1.2% during the first quarter. Vanguard Group Inc. now owns 4,071,207 shares of the company’s stock worth $276,435,000 after acquiring an additional 48,614 shares during the last quarter. 12 West Capital Management LP increased its stake in Shake Shack by 82.2% during the third quarter. 12 West Capital Management LP now owns 1,659,600 shares of the company’s stock worth $96,373,000 after acquiring an additional 748,789 shares during the last quarter. State Street Corp grew its stake in shares of Shake Shack by 2.4% in the second quarter. State Street Corp now owns 1,318,230 shares of the company’s stock valued at $102,453,000 after buying an additional 30,401 shares in the last quarter. Van Berkom & Associates Inc. grew its stake in shares of Shake Shack by 19.3% in the third quarter. Van Berkom & Associates Inc. now owns 1,046,339 shares of the company’s stock valued at $60,761,000 after buying an additional 168,947 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Shake Shack by 4.5% in the first quarter. Geode Capital Management LLC now owns 692,530 shares of the company’s stock valued at $38,429,000 after buying an additional 30,086 shares in the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SHAK shares. Morgan Stanley lifted their price objective on Shake Shack from $88.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. TD Cowen reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Shake Shack in a research note on Wednesday, April 10th. Robert W. Baird lifted their price objective on Shake Shack from $67.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, February 13th. JPMorgan Chase & Co. boosted their target price on Shake Shack from $65.00 to $100.00 and gave the stock an “underweight” rating in a research note on Monday, March 4th. Finally, Truist Financial boosted their target price on Shake Shack from $112.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $88.67.

Insider Activity

In other news, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $103.01, for a total value of $31,315.04. Following the completion of the sale, the director now directly owns 3,754 shares of the company’s stock, valued at approximately $386,699.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $103.01, for a total value of $31,315.04. Following the completion of the sale, the director now directly owns 3,754 shares of the company’s stock, valued at approximately $386,699.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel Harris Meyer sold 6,034 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $100.08, for a total value of $603,882.72. Following the completion of the transaction, the director now owns 520,437 shares in the company, valued at approximately $52,085,334.96. The disclosure for this sale can be found here. In the last three months, insiders sold 100,912 shares of company stock valued at $10,201,834. Insiders own 10.06% of the company’s stock.

Shake Shack Stock Down 0.9 %

Shares of NYSE SHAK opened at $94.39 on Friday. Shake Shack Inc. has a 1 year low of $52.64 and a 1 year high of $110.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 2.01. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 205.20, a price-to-earnings-growth ratio of 3.55 and a beta of 1.80. The business has a 50-day moving average of $100.18 and a two-hundred day moving average of $77.16.

Shake Shack (NYSE:SHAK) last posted its earnings results on Thursday, February 15th. The company reported $0.02 earnings per share for the quarter. Shake Shack had a return on equity of 3.67% and a net margin of 1.82%. The business had revenue of $286.20 million during the quarter, compared to the consensus estimate of $280.45 million. During the same period in the previous year, the business earned ($0.06) EPS. The business’s quarterly revenue was up 20.0% on a year-over-year basis. On average, analysts forecast that Shake Shack Inc. will post 0.71 earnings per share for the current fiscal year.

About Shake Shack

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.