Shake Shack Inc. (NYSE:SHAK) Shares Sold by Kettle Hill Capital Management LLC

Kettle Hill Capital Management LLC lessened its stake in shares of Shake Shack Inc. (NYSE:SHAK - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 113,799 shares of the company's stock after selling 5,293 shares during the period. Shake Shack makes up about 3.2% of Kettle Hill Capital Management LLC's portfolio, making the stock its 13th biggest position. Kettle Hill Capital Management LLC owned approximately 0.27% of Shake Shack worth $14,771,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Nemes Rush Group LLC acquired a new stake in shares of Shake Shack during the fourth quarter worth about $29,000. Harvest Fund Management Co. Ltd acquired a new stake in Shake Shack during the 4th quarter valued at approximately $32,000. Transcendent Capital Group LLC acquired a new stake in shares of Shake Shack in the fourth quarter worth $52,000. R Squared Ltd purchased a new position in shares of Shake Shack during the fourth quarter worth $56,000. Finally, Montag & Caldwell LLC acquired a new position in Shake Shack during the fourth quarter valued at $68,000. Institutional investors and hedge funds own 86.07% of the company's stock.

Shake Shack Trading Up 1.5 %

Shares of SHAK opened at $104.92 on Friday. Shake Shack Inc. has a 52-week low of $72.93 and a 52-week high of $139.89. The stock has a market cap of $4.46 billion, a PE ratio of 456.17 and a beta of 1.61. The firm's fifty day moving average is $88.83 and its two-hundred day moving average is $111.04. 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 announced its quarterly earnings data on Thursday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The business had revenue of $320.90 million for the quarter, compared to analysts' expectations of $330.24 million. During the same period in the prior year, the company posted $0.13 EPS. The firm's revenue was up 10.5% on a year-over-year basis. Research analysts forecast that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Oppenheimer cut their price target on Shake Shack from $155.00 to $125.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. UBS Group dropped their target price on Shake Shack from $140.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. decreased their price target on Shake Shack from $105.00 to $100.00 and set an "underweight" rating for the company in a report on Monday, May 5th. Raymond James reaffirmed a "strong-buy" rating and set a $140.00 price objective (down previously from $145.00) on shares of Shake Shack in a research note on Friday, May 2nd. Finally, TD Securities reaffirmed a "buy" rating and set a $105.00 target price on shares of Shake Shack in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Shake Shack presently has a consensus rating of "Moderate Buy" and a consensus price target of $113.95.

About Shake Shack

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.

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