Trexquant Investment LP Has $2.22 Million Stake in Shake Shack Inc. (NYSE:SHAK)

Trexquant Investment LP reduced its position in shares of Shake Shack Inc. (NYSE:SHAK) by 76.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,072 shares of the company’s stock after selling 54,739 shares during the period. Trexquant Investment LP’s holdings in Shake Shack were worth $2,216,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Louisiana State Employees Retirement System boosted its position in Shake Shack by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company’s stock worth $2,518,000 after acquiring an additional 100 shares during the last quarter. Summit Financial LLC boosted its holdings in Shake Shack by 1.1% during the fourth quarter. Summit Financial LLC now owns 13,083 shares of the company’s stock worth $1,698,000 after purchasing an additional 139 shares during the last quarter. Arizona State Retirement System grew its position in Shake Shack by 1.7% in the fourth quarter. Arizona State Retirement System now owns 11,024 shares of the company’s stock valued at $1,431,000 after purchasing an additional 182 shares in the last quarter. New York State Teachers Retirement System increased its stake in Shake Shack by 0.5% in the 4th quarter. New York State Teachers Retirement System now owns 39,225 shares of the company’s stock valued at $5,091,000 after buying an additional 200 shares during the last quarter. Finally, Xponance Inc. lifted its position in Shake Shack by 8.6% during the 4th quarter. Xponance Inc. now owns 2,709 shares of the company’s stock worth $352,000 after buying an additional 215 shares in the last quarter. 86.07% of the stock is currently owned by institutional investors.

Shake Shack Trading Down 3.7 %

SHAK stock opened at $75.71 on Wednesday. Shake Shack Inc. has a 52 week low of $72.93 and a 52 week high of $139.89. The company has a market capitalization of $3.22 billion, a PE ratio of 329.17 and a beta of 1.80. The company’s 50-day simple moving average is $99.59 and its 200 day simple moving average is $114.07. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97.

Shake Shack (NYSE:SHAK) last announced its earnings results on Thursday, February 20th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. The company had revenue of $328.68 million for the quarter, compared to analysts’ expectations of $329.02 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. As a group, sell-side analysts anticipate that Shake Shack Inc. will post 1.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Truist Financial lifted their target price on Shake Shack from $143.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Wells Fargo & Company assumed coverage on Shake Shack in a research report on Wednesday, March 26th. They set an “equal weight” rating and a $95.00 price target on the stock. Barclays raised Shake Shack from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $125.00 to $159.00 in a report on Tuesday, January 7th. Robert W. Baird lowered their target price on shares of Shake Shack from $98.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Oppenheimer increased their price target on shares of Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Shake Shack currently has a consensus rating of “Hold” and a consensus target price of $123.20.

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.