Radnor Capital Management LLC Lowers Stake in Shake Shack Inc. (NYSE:SHAK)

Radnor Capital Management LLC lessened its position in Shake Shack Inc. (NYSE:SHAK) by 33.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 4,600 shares of the company’s stock after selling 2,273 shares during the period. Radnor Capital Management LLC’s holdings in Shake Shack were worth $479,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SHAK. Charles Schwab Investment Management Inc. increased its stake in shares of Shake Shack by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 297,279 shares of the company’s stock valued at $17,263,000 after acquiring an additional 8,010 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Shake Shack by 12.3% in the 3rd quarter. Deutsche Bank AG now owns 20,373 shares of the company’s stock valued at $1,183,000 after purchasing an additional 2,232 shares during the last quarter. QRG Capital Management Inc. purchased a new position in shares of Shake Shack in the 3rd quarter worth $206,000. Aigen Investment Management LP acquired a new position in Shake Shack in the third quarter valued at $216,000. Finally, Federated Hermes Inc. grew its position in Shake Shack by 385.1% during the third quarter. Federated Hermes Inc. now owns 38,836 shares of the company’s stock valued at $2,255,000 after acquiring an additional 30,831 shares during the period. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SHAK. TD Cowen reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Shake Shack in a research note on Thursday, June 13th. Wedbush raised their price objective on Shake Shack from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Truist Financial increased their target price on Shake Shack from $115.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. boosted their price target on Shake Shack from $102.00 to $105.00 and gave the stock an “underweight” rating in a research report on Monday, June 3rd. Finally, The Goldman Sachs Group started coverage on shares of Shake Shack in a research report on Thursday, June 13th. They issued a “buy” rating and a $110.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Shake Shack currently has an average rating of “Hold” and an average price target of $99.17.

Insider Transactions at Shake Shack

In other news, Director Jeffrey Flug sold 304 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $103.01, for a total value of $31,315.04. Following the completion of the sale, the director now owns 3,754 shares of the company’s stock, valued at $386,699.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 9.73% of the stock is owned by insiders.

Shake Shack Stock Down 0.9 %

Shares of Shake Shack stock opened at $89.01 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.03 and a quick ratio of 1.99. Shake Shack Inc. has a 1-year low of $52.79 and a 1-year high of $111.29. The business’s fifty day moving average price is $97.65 and its two-hundred day moving average price is $90.05. The company has a market capitalization of $3.77 billion, a P/E ratio of 161.84, a PEG ratio of 3.55 and a beta of 1.79.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03. The business had revenue of $290.50 million during the quarter, compared to analyst estimates of $291.00 million. Shake Shack had a return on equity of 4.86% and a net margin of 2.08%. The company’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. As a group, research analysts forecast that Shake Shack Inc. will post 0.74 EPS for the current year.

Shake Shack 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.