Deutsche Bank AG Sells 28,231 Shares of Shake Shack Inc. (NYSE:SHAK)

Deutsche Bank AG trimmed its position in Shake Shack Inc. (NYSE:SHAK) by 39.1% during the 4th quarter, HoldingsChannel reports. The firm owned 43,903 shares of the company’s stock after selling 28,231 shares during the quarter. Deutsche Bank AG’s holdings in Shake Shack were worth $5,699,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Nemes Rush Group LLC purchased a new stake in shares of Shake Shack during the 4th quarter valued at about $29,000. Harvest Fund Management Co. Ltd purchased a new stake in Shake Shack during the fourth quarter valued at approximately $32,000. Transcendent Capital Group LLC purchased a new stake in Shake Shack during the fourth quarter valued at approximately $52,000. R Squared Ltd bought a new stake in shares of Shake Shack in the 4th quarter valued at approximately $56,000. Finally, Montag & Caldwell LLC purchased a new position in shares of Shake Shack in the 4th quarter worth approximately $68,000. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Shake Shack Stock Up 1.8%

Shares of NYSE SHAK opened at $119.23 on Monday. Shake Shack Inc. has a 52-week low of $72.93 and a 52-week high of $139.89. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 518.39 and a beta of 1.61. The stock has a 50 day moving average price of $91.21 and a 200 day moving average price of $111.03. 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 issued its earnings results on Thursday, May 1st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. The firm had revenue of $320.90 million during the quarter, compared to analysts’ expectations of $330.24 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. Shake Shack’s quarterly revenue was up 10.5% compared to the same quarter last year. Sell-side analysts expect that Shake Shack Inc. will post 1.26 earnings per share for the current year.

Analyst Ratings Changes

SHAK has been the topic of several recent research reports. Oppenheimer decreased their price target on Shake Shack from $155.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. TD Securities reissued a “buy” rating and issued a $105.00 target price on shares of Shake Shack in a research note on Thursday, May 1st. Robert W. Baird lifted their price target on shares of Shake Shack from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. cut their price target on shares of Shake Shack from $105.00 to $100.00 and set an “underweight” rating on the stock in a report on Monday, May 5th. Finally, Barclays decreased their price objective on shares of Shake Shack from $155.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Shake Shack currently has an average rating of “Moderate Buy” and an average price target of $114.40.

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.