Deutsche Bank AG Cuts Stock Position in Shake Shack, Inc. $SHAK

Deutsche Bank AG lessened its stake in Shake Shack, Inc. (NYSE:SHAK) by 7.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,810 shares of the company’s stock after selling 3,093 shares during the period. Deutsche Bank AG owned 0.10% of Shake Shack worth $3,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in Shake Shack by 939.3% in the first quarter. Farther Finance Advisors LLC now owns 291 shares of the company’s stock valued at $26,000 after purchasing an additional 263 shares during the last quarter. Garde Capital Inc. purchased a new stake in shares of Shake Shack during the first quarter worth about $35,000. Princeton Global Asset Management LLC purchased a new stake in shares of Shake Shack during the first quarter worth about $44,000. SRH Advisors LLC purchased a new stake in shares of Shake Shack during the first quarter worth about $44,000. Finally, Cooper Investors PTY Ltd. purchased a new stake in shares of Shake Shack during the first quarter worth about $44,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Shake Shack Trading Down 2.0%

Shake Shack stock opened at $104.78 on Tuesday. The company has a current ratio of 1.92, a quick ratio of 1.89 and a debt-to-equity ratio of 0.48. Shake Shack, Inc. has a 12 month low of $72.93 and a 12 month high of $144.65. The stock’s 50 day simple moving average is $128.88 and its two-hundred day simple moving average is $111.07. The firm has a market cap of $4.47 billion, a PE ratio of 227.79, a P/E/G ratio of 2.43 and a beta of 1.82.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.37 by $0.07. Shake Shack had a return on equity of 9.78% and a net margin of 1.50%. The business had revenue of $356.47 million for the quarter, compared to analyst estimates of $352.56 million. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 EPS. Analysts anticipate that Shake Shack, Inc. will post 1.26 earnings per share for the current year.

Insider Activity at Shake Shack

In other news, Director Daniel Harris Meyer sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $140.07, for a total transaction of $2,801,400.00. Following the completion of the transaction, the director directly owned 367,984 shares of the company’s stock, valued at $51,543,518.88. This represents a 5.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Katherine Irene Fogertey sold 3,956 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $127.49, for a total value of $504,350.44. Following the transaction, the chief financial officer directly owned 35,750 shares of the company’s stock, valued at approximately $4,557,767.50. The trade was a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 87,211 shares of company stock valued at $11,849,216. Corporate insiders own 8.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SHAK shares. Loop Capital restated a “hold” rating and set a $127.00 price target on shares of Shake Shack in a research note on Tuesday, July 8th. Robert W. Baird boosted their price target on Shake Shack from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. The Goldman Sachs Group boosted their price target on Shake Shack from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. TD Cowen boosted their price target on Shake Shack from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. Finally, Barclays dropped their price target on Shake Shack from $168.00 to $160.00 and set an “overweight” rating on the stock in a research note on Friday, August 1st. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $131.29.

Shake Shack Company 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.