Corient Private Wealth LLC Has $416,000 Position in Shake Shack Inc. (NYSE:SHAK)

Corient Private Wealth LLC decreased its position in shares of Shake Shack Inc. (NYSE:SHAK) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Shake Shack by 3.5% in the 3rd quarter. State Street Corp now owns 1,452,736 shares of the company’s stock valued at $149,937,000 after purchasing an additional 49,324 shares in the last quarter. Holocene Advisors LP lifted its position in shares of Shake Shack by 68.3% during the 3rd quarter. Holocene Advisors LP now owns 946,350 shares of the company’s stock worth $97,673,000 after buying an additional 384,131 shares during the last quarter. Geode Capital Management LLC boosted its stake in Shake Shack by 3.1% in the third quarter. Geode Capital Management LLC now owns 876,380 shares of the company’s stock valued at $90,470,000 after buying an additional 26,620 shares in the last quarter. Point72 Asset Management L.P. grew its position in Shake Shack by 154.8% in the third quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company’s stock valued at $67,157,000 after acquiring an additional 395,311 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in Shake Shack by 27.0% during the fourth quarter. Fisher Asset Management LLC now owns 449,796 shares of the company’s stock worth $58,384,000 after acquiring an additional 95,682 shares in the last quarter. 86.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Oppenheimer raised their price target 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. Gordon Haskett upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research report on Wednesday, January 8th. Truist Financial upped their price target on shares of Shake Shack from $143.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, February 21st. TD Securities reiterated a “buy” rating and issued a $140.00 price target on shares of Shake Shack in a research note on Friday, February 21st. Finally, Wells Fargo & Company began coverage on Shake Shack in a research report on Wednesday. They set an “equal weight” rating and a $95.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $124.05.

Shake Shack Stock Down 5.7 %

Shares of NYSE SHAK opened at $88.25 on Friday. The company’s 50 day moving average price is $105.33 and its 200-day moving average price is $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 Inc. has a 52-week low of $77.50 and a 52-week high of $139.89. The company has a market capitalization of $3.75 billion, a P/E ratio of 383.71 and a beta of 1.89.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.26 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 business had revenue of $328.68 million for the quarter, compared to analysts’ expectations of $329.02 million. Equities analysts forecast 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.