Knights of Columbus Asset Advisors LLC Purchases 4,922 Shares of Shake Shack Inc. (NYSE:SHAK)

Knights of Columbus Asset Advisors LLC lifted its position in Shake Shack Inc. (NYSE:SHAK) by 26.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 23,475 shares of the company’s stock after purchasing an additional 4,922 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Shake Shack were worth $3,047,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new stake in Shake Shack in the fourth quarter worth $32,000. Transcendent Capital Group LLC purchased a new position in Shake Shack during the fourth quarter valued at $52,000. R Squared Ltd purchased a new position in Shake Shack during the fourth quarter valued at $56,000. Whittier Trust Co. of Nevada Inc. lifted its position in Shake Shack by 200.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 600 shares of the company’s stock valued at $78,000 after buying an additional 400 shares during the period. Finally, Signaturefd LLC lifted its position in Shake Shack by 619.4% during the fourth quarter. Signaturefd LLC now owns 705 shares of the company’s stock valued at $92,000 after buying an additional 607 shares during the period. Institutional investors own 86.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SHAK shares. Oppenheimer raised their price objective on Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Barclays raised Shake Shack from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $125.00 to $159.00 in a research report on Tuesday, January 7th. Truist Financial upped their price target on shares of Shake Shack from $143.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. UBS Group raised their price objective on shares of Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, Wedbush raised their price objective on shares of Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $125.67.

Shake Shack Trading Down 0.1 %

Shares of Shake Shack stock opened at $90.58 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. The company has a fifty day moving average of $107.78 and a 200 day moving average of $115.17. The company has a market capitalization of $3.85 billion, a P/E ratio of 393.83 and a beta of 1.89. Shake Shack Inc. has a fifty-two week low of $77.50 and a fifty-two week high of $139.89.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The business had revenue of $328.68 million during the quarter, compared to analyst estimates of $329.02 million. On average, sell-side analysts anticipate that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal year.

Shake Shack Company 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.