Nuveen Asset Management LLC Lowers Holdings in Shake Shack Inc. (NYSE:SHAK)

Nuveen Asset Management LLC decreased its stake in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 487,451 shares of the company's stock after selling 9,776 shares during the period. Nuveen Asset Management LLC owned about 1.15% of Shake Shack worth $63,271,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Shake Shack by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,651 shares of the company's stock worth $2,810,000 after acquiring an additional 819 shares in the last quarter. Interval Partners LP purchased a new stake in Shake Shack in the 4th quarter valued at about $16,788,000. Janus Henderson Group PLC lifted its position in shares of Shake Shack by 6.2% during the 4th quarter. Janus Henderson Group PLC now owns 17,064 shares of the company's stock worth $2,216,000 after buying an additional 1,000 shares in the last quarter. Jefferies Financial Group Inc. lifted its position in shares of Shake Shack by 98.4% during the 4th quarter. Jefferies Financial Group Inc. now owns 21,819 shares of the company's stock worth $2,832,000 after buying an additional 10,819 shares in the last quarter. Finally, Gotham Asset Management LLC boosted its stake in shares of Shake Shack by 75.5% in the 4th quarter. Gotham Asset Management LLC now owns 4,622 shares of the company's stock worth $600,000 after buying an additional 1,989 shares during the last quarter. Institutional investors own 86.07% of the company's stock.

Wall Street Analyst Weigh In

SHAK has been the subject of a number of research analyst reports. Truist Financial increased their price target on Shake Shack from $134.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Loop Capital raised Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 target price for the company in a research report on Tuesday, April 1st. UBS Group lowered their target price on Shake Shack from $140.00 to $100.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Wells Fargo & Company assumed coverage on shares of Shake Shack in a report on Wednesday, March 26th. They issued an "equal weight" rating and a $95.00 price target on the stock. Finally, Raymond James restated a "strong-buy" rating and set a $140.00 price target (down previously from $145.00) on shares of Shake Shack in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $113.40.

Shake Shack Stock Performance

SHAK stock traded up $3.17 during midday trading on Thursday, reaching $117.29. 1,244,968 shares of the company's stock traded hands, compared to its average volume of 1,143,763. The firm has a market capitalization of $5.00 billion, a PE ratio of 509.97 and a beta of 1.61. The company has a 50-day moving average price of $93.03 and a two-hundred day moving average price of $111.05. Shake Shack Inc. has a 52 week low of $72.93 and a 52 week 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 announced its quarterly earnings results on Thursday, May 1st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). The company had revenue of $320.90 million during the quarter, compared to analysts' expectations of $330.24 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. Shake Shack's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 earnings per share. As a group, equities analysts anticipate that Shake Shack Inc. will post 1.26 EPS for the current year.

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.