Numerai GP LLC Cuts Stake in Shake Shack Inc. (NYSE:SHAK)

Numerai GP LLC cut its holdings in Shake Shack Inc. (NYSE:SHAK - Free Report) by 78.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,508 shares of the company's stock after selling 9,083 shares during the quarter. Numerai GP LLC's holdings in Shake Shack were worth $326,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Nemes Rush Group LLC acquired a new position in Shake Shack during the fourth quarter worth $29,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Shake Shack in the 4th quarter worth about $32,000. Transcendent Capital Group LLC acquired a new stake in shares of Shake Shack in the 4th quarter worth about $52,000. R Squared Ltd bought a new position in Shake Shack in the 4th quarter valued at about $56,000. Finally, Montag & Caldwell LLC acquired a new position in Shake Shack during the 4th quarter valued at about $68,000. 86.07% of the stock is owned by institutional investors and hedge funds.

Shake Shack Price Performance

Shares of SHAK stock traded down $1.80 during trading on Monday, hitting $117.39. The company had a trading volume of 1,566,489 shares, compared to its average volume of 1,138,329. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. The stock's 50-day moving average is $91.21 and its two-hundred day moving average is $111.03. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 510.39 and a beta of 1.61. Shake Shack Inc. has a 52 week low of $72.93 and a 52 week high of $139.89.

Shake Shack (NYSE:SHAK - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02). Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. 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 firm earned $0.13 EPS. Shake Shack's quarterly revenue was up 10.5% on a year-over-year basis. As a group, analysts predict that Shake Shack Inc. will post 1.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SHAK has been the subject of several recent research reports. Loop Capital upgraded Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 price target for the company in a report on Tuesday, April 1st. Barclays reduced their target price on shares of Shake Shack from $155.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price target on shares of Shake Shack from $105.00 to $100.00 and set an "underweight" rating on the stock in a research report on Monday, May 5th. Wedbush upped their price objective on shares of Shake Shack from $115.00 to $125.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. Finally, TD Securities reiterated a "hold" rating and issued a $105.00 price objective on shares of Shake Shack in a research note on Monday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $113.40.

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.