Federated Hermes Inc. Has $142,000 Position in Shake Shack Inc. (NYSE:SHAK)

Federated Hermes Inc. decreased its stake in Shake Shack Inc. (NYSE:SHAK - Free Report) by 95.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,921 shares of the company's stock after selling 36,915 shares during the period. Federated Hermes Inc.'s holdings in Shake Shack were worth $142,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Ramirez Asset Management Inc. purchased a new position in shares of Shake Shack during the 3rd quarter worth $35,000. C M Bidwell & Associates Ltd. grew its holdings in Shake Shack by 122.6% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 1,111 shares of the company's stock worth $65,000 after acquiring an additional 612 shares in the last quarter. QRG Capital Management Inc. bought a new position in shares of Shake Shack during the 3rd quarter worth approximately $206,000. Aigen Investment Management LP purchased a new stake in Shake Shack in the third quarter valued at about $216,000. Finally, SG Americas Securities LLC grew its position in Shake Shack by 6.9% during the 3rd quarter. SG Americas Securities LLC now owns 3,747 shares of the company's stock worth $218,000 after purchasing an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 86.07% of the company's stock.

Insiders Place Their Bets

In other news, Director Jeffrey Flug sold 304 shares of the firm's stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $103.01, for a total transaction of $31,315.04. Following the transaction, the director now directly owns 3,754 shares in the company, valued at $386,699.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Jeffrey Flug sold 304 shares of the firm's stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $103.01, for a total transaction of $31,315.04. Following the transaction, the director now owns 3,754 shares of the company's stock, valued at $386,699.54. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Daniel Harris Meyer sold 30,000 shares of the business's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $95.25, for a total value of $2,857,500.00. Following the completion of the transaction, the director now owns 550,437 shares in the company, valued at approximately $52,429,124.25. The disclosure for this sale can be found here. Insiders have sold a total of 100,608 shares of company stock valued at $10,178,861 over the last quarter. Company insiders own 10.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SHAK. Oppenheimer boosted their target price on shares of Shake Shack from $108.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, March 22nd. StockNews.com lowered Shake Shack from a "hold" rating to a "sell" rating in a report on Monday, March 4th. Wedbush lifted their price target on shares of Shake Shack from $100.00 to $110.00 and gave the company a "neutral" rating in a research note on Friday. UBS Group upped their price objective on shares of Shake Shack from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Truist Financial lifted their target price on shares of Shake Shack from $115.00 to $124.00 and gave the company a "buy" rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $98.24.

Shake Shack Stock Down 0.4 %

Shares of Shake Shack stock traded down $0.47 during trading hours on Tuesday, hitting $105.15. The company had a trading volume of 913,915 shares, compared to its average volume of 954,199. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.03 and a quick ratio of 1.99. The company's 50-day moving average is $102.46 and its two-hundred day moving average is $81.12. The company has a market cap of $4.45 billion, a P/E ratio of 191.99, a price-to-earnings-growth ratio of 3.79 and a beta of 1.78. Shake Shack Inc. has a twelve month low of $52.79 and a twelve month high of $111.29.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. Shake Shack had a return on equity of 4.86% and a net margin of 2.08%. The company had revenue of $290.50 million for the quarter, compared to analyst estimates of $291.00 million. During the same quarter last year, the company posted ($0.01) earnings per share. The business's quarterly revenue was up 14.7% compared to the same quarter last year. Analysts anticipate that Shake Shack Inc. will post 0.72 earnings per share for the current fiscal 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.