Corient Private Wealth LLC Sells 163 Shares of Shake Shack Inc. (NYSE:SHAK)

Corient Private Wealth LLC cut its holdings in Shake Shack Inc. (NYSE:SHAK) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,204 shares of the company’s stock after selling 163 shares during the period. Corient Private Wealth LLC’s holdings in Shake Shack were worth $416,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Transcendent Capital Group LLC acquired a new stake in Shake Shack in the 4th quarter valued at $52,000. R Squared Ltd bought a new position in shares of Shake Shack in the 4th quarter valued at about $56,000. SBI Securities Co. Ltd. acquired a new stake in shares of Shake Shack in the fourth quarter valued at about $93,000. GAMMA Investing LLC increased its position in shares of Shake Shack by 56.3% in the fourth quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock valued at $96,000 after acquiring an additional 265 shares during the last quarter. Finally, Quest Partners LLC raised its holdings in Shake Shack by 76.1% during the third quarter. Quest Partners LLC now owns 752 shares of the company’s stock worth $78,000 after acquiring an additional 325 shares in the last quarter. Institutional investors own 86.07% of the company’s stock.

Analyst Ratings Changes

SHAK has been the topic of several recent analyst reports. Truist Financial boosted their price target on Shake Shack from $143.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Barclays upgraded shares of Shake Shack from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $125.00 to $159.00 in a report on Tuesday, January 7th. JPMorgan Chase & Co. cut their price target on shares of Shake Shack from $107.00 to $105.00 and set an “underweight” rating for the company in a research note on Thursday, March 20th. Wells Fargo & Company started coverage on shares of Shake Shack in a research note on Wednesday. They set an “equal weight” rating and a $95.00 price objective on the stock. Finally, Oppenheimer raised their target price on shares of Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $124.05.

Shake Shack Trading Down 5.7 %

Shares of Shake Shack stock opened at $88.25 on Friday. Shake Shack Inc. has a 52-week low of $77.50 and a 52-week high of $139.89. The stock has a market cap of $3.75 billion, a PE ratio of 383.71 and a beta of 1.89. The firm has a 50-day moving average of $105.33 and a 200-day moving average of $115.18. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The firm had revenue of $328.68 million during the quarter, compared to the consensus estimate of $329.02 million. As a group, sell-side analysts forecast that Shake Shack Inc. will post 1.26 EPS for the current 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.