Shake Shack Inc. (NYSE:SHAK) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 209,516 shares of the company's stock after selling 27,483 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.49% of Shake Shack worth $27,195,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SHAK. Nemes Rush Group LLC purchased a new position in shares of Shake Shack in the fourth quarter valued at $29,000. Harvest Fund Management Co. Ltd purchased a new position in Shake Shack during the 4th quarter valued at $32,000. Transcendent Capital Group LLC bought a new position in shares of Shake Shack in the fourth quarter worth about $52,000. R Squared Ltd bought a new stake in shares of Shake Shack during the fourth quarter valued at approximately $56,000. Finally, Montag & Caldwell LLC bought a new stake in Shake Shack during the 4th quarter valued at $68,000. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Shake Shack Trading Up 2.6%

NYSE:SHAK traded up $3.29 during trading hours on Friday, reaching $129.93. 1,149,885 shares of the stock were exchanged, compared to its average volume of 1,158,728. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 564.91 and a beta of 1.61. The business has a 50-day moving average of $96.87 and a two-hundred day moving average of $110.74. Shake Shack Inc. has a twelve month low of $72.93 and a twelve month high of $139.89. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50.

Shake Shack (NYSE:SHAK - Get Free Report) last posted its 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 business had revenue of $320.90 million for the quarter, compared to analysts' expectations of $330.24 million. Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. Shake Shack's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. On average, equities analysts predict that Shake Shack Inc. will post 1.26 EPS for the current year.

Wall Street Analyst Weigh In

SHAK has been the subject of several recent analyst reports. TD Cowen lowered shares of Shake Shack from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a research note on Monday, May 19th. TD Securities reaffirmed a "hold" rating and issued a $105.00 price target on shares of Shake Shack in a report on Monday, May 19th. Robert W. Baird upped their target price on Shake Shack from $85.00 to $90.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Raymond James reissued a "strong-buy" rating and issued a $140.00 price target (down previously from $145.00) on shares of Shake Shack in a report on Friday, May 2nd. Finally, Stifel Nicolaus cut their target price on shares of Shake Shack from $120.00 to $97.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Shake Shack presently has an average rating of "Hold" and a consensus target price of $114.40.

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.