Federated Hermes Inc. Has $142,000 Stock Holdings in Shake Shack Inc. (NYSE:SHAK)

Federated Hermes Inc. decreased its holdings in Shake Shack Inc. (NYSE:SHAK) by 95.1% during the 4th quarter, HoldingsChannel reports. The firm owned 1,921 shares of the company’s stock after selling 36,915 shares during the quarter. Federated Hermes Inc.’s holdings in Shake Shack were worth $142,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SHAK. Ramirez Asset Management Inc. acquired a new stake in Shake Shack in the third quarter valued at approximately $35,000. C M Bidwell & Associates Ltd. lifted its stake in shares of Shake Shack by 122.6% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 1,111 shares of the company’s stock valued at $65,000 after acquiring an additional 612 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in shares of Shake Shack during the 3rd quarter valued at $206,000. Aigen Investment Management LP bought a new stake in Shake Shack during the 3rd quarter worth $216,000. Finally, SG Americas Securities LLC increased its holdings in Shake Shack by 6.9% in the 3rd quarter. SG Americas Securities LLC now owns 3,747 shares of the company’s stock worth $218,000 after purchasing an additional 243 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack Stock Performance

Shares of SHAK opened at $105.59 on Tuesday. The firm has a market capitalization of $4.47 billion, a P/E ratio of 191.99, a P/E/G ratio of 3.79 and a beta of 1.78. Shake Shack Inc. has a 52 week low of $52.79 and a 52 week high of $111.29. The stock has a 50 day moving average price of $102.46 and a two-hundred day moving average price of $81.12. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.99 and a current ratio of 2.03.

Shake Shack (NYSE:SHAK) last announced its earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. The company had revenue of $290.50 million for the quarter, compared to analysts’ expectations of $291.00 million. Shake Shack had a return on equity of 4.86% and a net margin of 2.08%. Shake Shack’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. Equities analysts forecast that Shake Shack Inc. will post 0.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SHAK has been the topic of a number of recent research reports. Oppenheimer lifted their price target on Shake Shack from $108.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Morgan Stanley lifted their price target on shares of Shake Shack from $88.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, April 12th. UBS Group raised their target price on Shake Shack from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday. BTIG Research raised their price objective on Shake Shack from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday. Finally, JPMorgan Chase & Co. upped their target price on Shake Shack from $65.00 to $100.00 and gave the company an “underweight” rating in a report on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $98.24.

Insider Transactions at Shake Shack

In other news, Director Jeffrey Flug sold 304 shares of the stock in a transaction dated Thursday, April 4th. The shares were 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 owns 3,754 shares in the company, valued at $386,699.54. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Jeffrey Flug sold 304 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 3,754 shares of the company’s stock, valued at $386,699.54. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel Harris Meyer sold 23,966 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $100.13, for a total value of $2,399,715.58. Following the sale, the director now directly owns 526,471 shares of the company’s stock, valued at $52,715,541.23. The disclosure for this sale can be found here. Insiders sold a total of 100,608 shares of company stock worth $10,178,861 in the last quarter. 10.06% of the stock is currently owned by corporate insiders.

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.