Shake Shack, Inc. $SHAK Stock Position Decreased by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC cut its Shake Shack stake by 77.9% in Q4, selling 18,155 shares and leaving 5,165 shares valued at about $464,000.
• Shake Shack reported EPS of $0.37 vs. $0.35 estimate and revenue up 21.8% YoY to $400.53M (slightly below estimates); the stock trades near $98.67 with a $4.21B market cap and an average analyst rating of "Moderate Buy" (target $118.70).

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) by 77.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,165 shares of the company's stock after selling 18,155 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Shake Shack were worth $464,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Geneos Wealth Management Inc. bought a new position in shares of Shake Shack during the first quarter valued at approximately $26,000. Global Retirement Partners LLC lifted its holdings in shares of Shake Shack by 83.7% in the 3rd quarter. Global Retirement Partners LLC now owns 327 shares of the company's stock worth $31,000 after purchasing an additional 149 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Shake Shack in the 3rd quarter worth approximately $38,000. Murphy & Mullick Capital Management Corp boosted its position in Shake Shack by 68.5% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 418 shares of the company's stock valued at $38,000 after purchasing an additional 170 shares during the period. Finally, Parallel Advisors LLC grew its stake in Shake Shack by 122.6% during the 3rd quarter. Parallel Advisors LLC now owns 590 shares of the company's stock worth $55,000 after buying an additional 325 shares during the last quarter. Institutional investors own 86.07% of the company's stock.

Shake Shack Trading Up 1.1%

Shares of NYSE:SHAK opened at $98.67 on Friday. The company has a 50 day moving average of $92.09 and a 200-day moving average of $90.37. The company has a current ratio of 1.76, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. The firm has a market cap of $4.21 billion, a P/E ratio of 90.52, a P/E/G ratio of 3.91 and a beta of 1.75. Shake Shack, Inc. has a twelve month low of $76.51 and a twelve month high of $144.65.

Shake Shack (NYSE:SHAK - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. Shake Shack had a net margin of 3.16% and a return on equity of 11.08%. The business had revenue of $400.53 million for the quarter, compared to analyst estimates of $402.06 million. During the same quarter last year, the business earned $0.26 earnings per share. The business's revenue for the quarter was up 21.8% on a year-over-year basis. As a group, analysts anticipate that Shake Shack, Inc. will post 1.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SHAK has been the subject of several recent analyst reports. BNP Paribas Exane assumed coverage on shares of Shake Shack in a research report on Monday, March 30th. They issued an "outperform" rating and a $124.00 target price for the company. JPMorgan Chase & Co. raised Shake Shack from an "underweight" rating to a "neutral" rating and cut their price target for the company from $95.00 to $90.00 in a report on Thursday, December 18th. Zacks Research raised Shake Shack from a "strong sell" rating to a "hold" rating in a report on Monday, March 9th. Deutsche Bank Aktiengesellschaft upgraded Shake Shack from a "hold" rating to a "buy" rating and set a $105.00 target price on the stock in a research report on Tuesday, January 6th. Finally, Raymond James Financial set a $140.00 target price on Shake Shack in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $118.70.

Shake Shack Profile

Shake Shack, Inc NYSE: SHAK is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City's Madison Square Park in 2001 by Danny Meyer's Union Square Hospitality Group.

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