Thrivent Financial for Lutherans Has $4.02 Million Stake in Shake Shack Inc. (NYSE:SHAK)

Thrivent Financial for Lutherans lessened its stake in shares of Shake Shack Inc. (NYSE:SHAK) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,939 shares of the company’s stock after selling 459 shares during the period. Thrivent Financial for Lutherans owned 0.07% of Shake Shack worth $4,016,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SHAK. Transcendent Capital Group LLC bought a new position in shares of Shake Shack in the fourth quarter worth $52,000. R Squared Ltd acquired a new stake in Shake Shack during the fourth quarter worth about $56,000. Quest Partners LLC increased its holdings in Shake Shack by 76.1% in the 3rd quarter. Quest Partners LLC now owns 752 shares of the company’s stock valued at $78,000 after buying an additional 325 shares during the period. Signaturefd LLC raised its position in shares of Shake Shack by 619.4% in the 4th quarter. Signaturefd LLC now owns 705 shares of the company’s stock valued at $92,000 after buying an additional 607 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Shake Shack during the 4th quarter worth approximately $93,000. Institutional investors own 86.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SHAK. Oppenheimer lifted their price objective 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. Barclays upgraded Shake Shack from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $125.00 to $159.00 in a research note on Tuesday, January 7th. Gordon Haskett upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a research report on Wednesday, January 8th. Wedbush lifted their target price on Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Finally, Stifel Nicolaus dropped their target price on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $125.67.

Shake Shack Price Performance

Shares of NYSE:SHAK opened at $95.22 on Wednesday. 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 Inc. has a 52 week low of $77.50 and a 52 week high of $139.89. The firm has a market cap of $4.05 billion, a PE ratio of 414.00 and a beta of 1.89. The firm’s fifty day moving average is $106.80 and its 200-day moving average is $115.41.

Shake Shack (NYSE:SHAK) last announced its earnings results on Thursday, February 20th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. The firm had revenue of $328.68 million for the quarter, compared to the consensus estimate of $329.02 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. Sell-side analysts predict that Shake Shack Inc. will post 1.26 earnings per share for the current year.

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.