Shake Shack Inc. (NYSE:SHAK) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in shares of Shake Shack Inc. (NYSE:SHAKFree Report) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 696,842 shares of the company’s stock after selling 7,308 shares during the period. Dimensional Fund Advisors LP owned about 1.65% of Shake Shack worth $51,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its holdings in shares of Shake Shack by 5.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,560 shares of the company’s stock valued at $265,000 after buying an additional 247 shares during the period. Teacher Retirement System of Texas grew its stake in shares of Shake Shack by 97.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 7,105 shares of the company’s stock worth $413,000 after purchasing an additional 3,508 shares during the period. California Public Employees Retirement System grew its stake in shares of Shake Shack by 14.6% during the 3rd quarter. California Public Employees Retirement System now owns 67,466 shares of the company’s stock worth $3,918,000 after purchasing an additional 8,615 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of Shake Shack by 1.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 19,679 shares of the company’s stock valued at $1,143,000 after purchasing an additional 274 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in Shake Shack in the third quarter valued at approximately $245,000. 86.07% of the stock is owned by hedge funds and other institutional investors.

Shake Shack Stock Performance

Shares of SHAK stock opened at $95.88 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.99 and a current ratio of 2.03. The firm has a market cap of $4.06 billion, a P/E ratio of 174.33, a P/E/G ratio of 3.85 and a beta of 1.78. The firm’s 50 day moving average price is $101.50 and its 200-day moving average price is $86.11. Shake Shack Inc. has a one year low of $52.79 and a one year high of $111.29.

Shake Shack (NYSE:SHAKGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. Shake Shack had a return on equity of 4.86% and a net margin of 2.08%. The business had revenue of $290.50 million during the quarter, compared to analyst estimates of $291.00 million. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the business posted ($0.01) earnings per share. As a group, equities research analysts predict that Shake Shack Inc. will post 0.74 EPS for the current year.

Insider Buying and Selling at Shake Shack

In other news, Director Jeffrey Flug sold 304 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $108.05, for a total transaction of $32,847.20. Following the sale, the director now owns 4,058 shares of the company’s stock, valued at $438,466.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Jeffrey Flug sold 304 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $108.05, for a total value of $32,847.20. Following the sale, the director now directly owns 4,058 shares in the company, valued at $438,466.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel Harris Meyer sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $106.34, for a total transaction of $4,253,600.00. Following the sale, the director now owns 480,437 shares in the company, valued at $51,089,670.58. The disclosure for this sale can be found here. Insiders sold a total of 40,608 shares of company stock valued at $4,317,762 in the last three months. 9.73% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on SHAK shares. Barclays boosted their price target on Shake Shack from $92.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Oppenheimer boosted their price target on shares of Shake Shack from $108.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Robert W. Baird increased their price objective on shares of Shake Shack from $102.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Morgan Stanley increased their price target on Shake Shack from $88.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, April 12th. Finally, TD Cowen reiterated a “buy” rating and set a $125.00 price objective on shares of Shake Shack in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Shake Shack presently has a consensus rating of “Hold” and an average target price of $98.35.

Check Out Our Latest Analysis on SHAK

About Shake Shack

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding SHAK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shake Shack Inc. (NYSE:SHAKFree Report).

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

Receive News & Ratings for Shake Shack Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shake Shack and related companies with MarketBeat.com's FREE daily email newsletter.