Stifel Financial Corp Sells 624 Shares of Shake Shack Inc. (NYSE:SHAK)

Stifel Financial Corp lessened its stake in shares of Shake Shack Inc. (NYSE:SHAK) by 21.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,313 shares of the company’s stock after selling 624 shares during the period. Stifel Financial Corp’s holdings in Shake Shack were worth $300,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHAK. GDS Wealth Management boosted its stake in Shake Shack by 253.6% during the 4th quarter. GDS Wealth Management now owns 14,277 shares of the company’s stock valued at $1,853,000 after purchasing an additional 10,239 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Shake Shack by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 361,930 shares of the company’s stock valued at $46,979,000 after purchasing an additional 8,429 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Shake Shack during the 4th quarter valued at $260,000. Assenagon Asset Management S.A. boosted its stake in Shake Shack by 45.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 152,264 shares of the company’s stock valued at $19,764,000 after purchasing an additional 47,906 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Shake Shack by 0.3% during the 4th quarter. Rhumbline Advisers now owns 106,129 shares of the company’s stock valued at $13,776,000 after purchasing an additional 278 shares during the last quarter. Institutional investors own 86.07% of the company’s stock.

Shake Shack Price Performance

NYSE:SHAK opened at $115.95 on Thursday. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. The business’s 50-day simple moving average is $89.98 and its two-hundred day simple moving average is $111.13. The stock has a market cap of $4.93 billion, a PE ratio of 504.13 and a beta of 1.61. Shake Shack Inc. has a 52 week low of $72.93 and a 52 week high of $139.89.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The business had revenue of $320.90 million for the quarter, compared to the consensus estimate of $330.24 million. During the same period in the prior year, the business earned $0.13 earnings per share. Shake Shack’s revenue was up 10.5% compared to the same quarter last year. As a group, analysts forecast that Shake Shack Inc. will post 1.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SHAK has been the topic of several recent analyst reports. Loop Capital upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a research note on Tuesday, April 1st. Raymond James restated a “strong-buy” rating and issued a $140.00 price target (down from $145.00) on shares of Shake Shack in a research note on Friday, May 2nd. Wells Fargo & Company initiated coverage on Shake Shack in a research note on Wednesday, March 26th. They issued an “equal weight” rating and a $95.00 price target on the stock. Barclays dropped their price target on Shake Shack from $155.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Finally, UBS Group dropped their price target on Shake Shack from $140.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Shake Shack currently has an average rating of “Moderate Buy” and an average target price of $113.95.

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.