12 West Capital Management LP Cuts Holdings in Shake Shack Inc. (NYSE:SHAK)

12 West Capital Management LP lowered its stake in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) by 1.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,764,118 shares of the company's stock after selling 28,981 shares during the period. Shake Shack makes up 24.0% of 12 West Capital Management LP's investment portfolio, making the stock its biggest holding. 12 West Capital Management LP owned about 4.15% of Shake Shack worth $228,983,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Nemes Rush Group LLC acquired a new stake in Shake Shack during the fourth quarter valued at approximately $29,000. Harvest Fund Management Co. Ltd bought a new position in shares of Shake Shack during the fourth quarter valued at $32,000. Transcendent Capital Group LLC acquired a new stake in shares of Shake Shack in the 4th quarter valued at $52,000. R Squared Ltd acquired a new stake in shares of Shake Shack during the 4th quarter worth about $56,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in Shake Shack by 200.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 600 shares of the company's stock valued at $78,000 after purchasing an additional 400 shares during the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

Shake Shack Trading Up 3.9 %

NYSE:SHAK traded up $3.12 during trading hours on Friday, hitting $83.57. The stock had a trading volume of 1,160,524 shares, compared to its average volume of 1,062,949. The business's 50 day moving average is $94.41 and its 200-day moving average is $112.77. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 363.35 and a beta of 1.80. Shake Shack Inc. has a one year low of $72.93 and a one year high of $139.89. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. The business had revenue of $328.68 million for the quarter, compared to the consensus estimate of $329.02 million. Sell-side analysts anticipate that Shake Shack Inc. will post 1.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SHAK. Wedbush raised their price objective on shares of Shake Shack from $115.00 to $125.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. UBS Group boosted their price objective on Shake Shack from $130.00 to $140.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. decreased their target price on Shake Shack from $107.00 to $105.00 and set an "underweight" rating on the stock in a report on Thursday, March 20th. Raymond James set a $145.00 price target on shares of Shake Shack and gave the stock a "strong-buy" rating in a research report on Wednesday. Finally, Robert W. Baird lowered their price objective on shares of Shake Shack from $98.00 to $85.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $122.19.

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.