Deutsche Bank AG Decreases Stock Holdings in Shake Shack Inc. (NYSE:SHAK)

Deutsche Bank AG trimmed its position in Shake Shack Inc. (NYSE:SHAK - Free Report) by 39.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,903 shares of the company's stock after selling 28,231 shares during the period. Deutsche Bank AG owned 0.10% of Shake Shack worth $5,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in SHAK. Louisiana State Employees Retirement System grew its position in Shake Shack by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company's stock worth $2,518,000 after purchasing an additional 100 shares during the period. Quadrant Capital Group LLC grew its position in Shake Shack by 5.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,870 shares of the company's stock worth $243,000 after purchasing an additional 100 shares during the period. Summit Financial LLC grew its position in Shake Shack by 1.1% during the 4th quarter. Summit Financial LLC now owns 13,083 shares of the company's stock worth $1,698,000 after purchasing an additional 139 shares during the period. Arizona State Retirement System grew its position in Shake Shack by 1.7% during the 4th quarter. Arizona State Retirement System now owns 11,024 shares of the company's stock worth $1,431,000 after purchasing an additional 182 shares during the period. Finally, New York State Teachers Retirement System grew its position in Shake Shack by 0.5% during the 4th quarter. New York State Teachers Retirement System now owns 39,225 shares of the company's stock worth $5,091,000 after purchasing an additional 200 shares during the period. 86.07% of the stock is owned by institutional investors and hedge funds.

Shake Shack Price Performance

Shake Shack stock traded up $3.17 during midday trading on Thursday, reaching $117.29. The company had a trading volume of 1,244,968 shares, compared to its average volume of 1,143,763. The company has a market capitalization of $5.00 billion, a P/E ratio of 509.97 and a beta of 1.61. Shake Shack Inc. has a 12-month low of $72.93 and a 12-month high of $139.89. The firm's fifty day simple moving average is $93.03 and its 200-day simple moving average is $111.05. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.14 earnings per share 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 company had revenue of $320.90 million during the quarter, compared to analysts' expectations of $330.24 million. During the same period in the prior year, the business posted $0.13 earnings per share. The company's quarterly revenue was up 10.5% compared to the same quarter last year. As a group, equities analysts anticipate that Shake Shack Inc. will post 1.26 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SHAK. Wedbush increased their price target on Shake Shack from $115.00 to $125.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. TD Cowen downgraded Shake Shack from a "buy" rating to a "hold" rating and set a $105.00 price target on the stock. in a research report on Monday. Loop Capital raised shares of 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. Truist Financial increased their target price on shares of Shake Shack from $134.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Finally, UBS Group lowered their target price on shares of 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 research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Shake Shack has an average rating of "Hold" and an average target price of $113.40.

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.