White Pine Capital LLC Sells 131 Shares of Shake Shack Inc. (NYSE:SHAK)

White Pine Capital LLC lessened its position in Shake Shack Inc. (NYSE:SHAK) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,450 shares of the company’s stock after selling 131 shares during the period. White Pine Capital LLC’s holdings in Shake Shack were worth $478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of SHAK. State of New Jersey Common Pension Fund D raised its stake in Shake Shack by 11.5% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 40,370 shares of the company’s stock worth $2,992,000 after purchasing an additional 4,163 shares in the last quarter. Yousif Capital Management LLC raised its position in shares of Shake Shack by 5.8% in the 4th quarter. Yousif Capital Management LLC now owns 15,293 shares of the company’s stock valued at $1,134,000 after buying an additional 844 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of Shake Shack in the 4th quarter valued at approximately $32,000. California Public Employees Retirement System raised its position in shares of Shake Shack by 1.2% in the 4th quarter. California Public Employees Retirement System now owns 68,263 shares of the company’s stock valued at $5,060,000 after buying an additional 797 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Shake Shack by 10.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,919 shares of the company’s stock valued at $661,000 after buying an additional 840 shares in the last quarter. Institutional investors own 86.07% of the company’s stock.

Shake Shack Trading Up 3.5 %

SHAK traded up $3.50 during trading on Friday, reaching $104.88. 1,191,812 shares of the company’s stock were exchanged, compared to its average volume of 618,445. Shake Shack Inc. has a one year low of $52.64 and a one year high of $110.90. The company has a current ratio of 2.04, a quick ratio of 2.01 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $4.44 billion, a PE ratio of 228.00, a price-to-earnings-growth ratio of 3.78 and a beta of 1.80. The firm has a fifty day moving average price of $101.55 and a two-hundred day moving average price of $78.83.

Shake Shack (NYSE:SHAK) last posted its earnings results on Thursday, February 15th. The company reported $0.02 earnings per share for the quarter. Shake Shack had a net margin of 1.82% and a return on equity of 3.67%. The firm had revenue of $286.20 million for the quarter, compared to analyst estimates of $280.45 million. During the same period in the previous year, the firm posted ($0.06) EPS. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. As a group, equities research analysts forecast that Shake Shack Inc. will post 0.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Shake Shack news, Director Jeffrey Flug sold 304 shares of the business’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 sale, the director now directly owns 3,754 shares of the company’s stock, valued at approximately $386,699.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Jeffrey Flug sold 304 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $103.01, for a total value of $31,315.04. Following the sale, the director now directly owns 3,754 shares of the company’s stock, valued at approximately $386,699.54. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Daniel Harris Meyer sold 23,966 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $100.13, for a total transaction of $2,399,715.58. Following the completion of the sale, the director now directly owns 526,471 shares in the company, valued at $52,715,541.23. The disclosure for this sale can be found here. Insiders have sold 100,912 shares of company stock valued at $10,201,834 in the last ninety days. 10.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SHAK has been the subject of several analyst reports. BTIG Research boosted their target price on shares of Shake Shack from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Morgan Stanley boosted their target price on shares of Shake Shack from $88.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, April 12th. Robert W. Baird boosted their target price on shares of Shake Shack from $67.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, February 13th. Wedbush restated a “neutral” rating and issued a $80.00 target price on shares of Shake Shack in a research report on Wednesday, February 14th. Finally, Oppenheimer upped their price objective on shares of Shake Shack from $108.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Shake Shack presently has a consensus rating of “Hold” and a consensus price target of $88.67.

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.