Catalyst Capital Advisors LLC Makes New Investment in Shake Shack Inc. (NYSE:SHAK)

Catalyst Capital Advisors LLC bought a new position in shares of Shake Shack Inc. (NYSE:SHAK) during the fourth quarter, Holdings Channel reports. The institutional investor bought 19,500 shares of the company’s stock, valued at approximately $2,531,000.

A number of other large investors also recently modified their holdings of the business. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Shake Shack during the third quarter worth about $41,000. R Squared Ltd bought a new position in shares of Shake Shack during the fourth quarter valued at approximately $56,000. Covestor Ltd raised its position in shares of Shake Shack by 41.6% during the 3rd quarter. Covestor Ltd now owns 698 shares of the company’s stock worth $72,000 after purchasing an additional 205 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Shake Shack by 56.3% in the 4th quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $96,000 after purchasing an additional 265 shares during the last quarter. Finally, Quest Partners LLC boosted its position in Shake Shack by 76.1% during the 3rd quarter. Quest Partners LLC now owns 752 shares of the company’s stock valued at $78,000 after purchasing an additional 325 shares during the period. 86.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Truist Financial dropped their target price on Shake Shack from $149.00 to $143.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Barclays raised shares of Shake Shack from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $125.00 to $159.00 in a report on Tuesday, January 7th. Wedbush reissued a “neutral” rating and set a $130.00 target price on shares of Shake Shack in a research note on Wednesday, January 15th. Stifel Nicolaus dropped their price target on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a research note on Friday, January 17th. Finally, Oppenheimer boosted their price objective on Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $124.29.

Shake Shack Stock Down 0.5 %

SHAK opened at $108.68 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.98 and a current ratio of 2.01. The company has a market capitalization of $4.62 billion, a PE ratio of 639.27 and a beta of 1.86. The stock’s fifty day moving average is $123.84 and its 200-day moving average is $115.97. Shake Shack Inc. has a one year low of $77.50 and a one year high of $139.89.

Insider Buying and Selling

In other Shake Shack news, CFO Katherine Irene Fogertey sold 642 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total value of $88,281.42. Following the transaction, the chief financial officer now owns 30,717 shares of the company’s stock, valued at approximately $4,223,894.67. This represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.73% of the stock is owned by corporate insiders.

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.