Catalyst Capital Advisors LLC Takes Position in Shake Shack Inc. (NYSE:SHAK)

Catalyst Capital Advisors LLC purchased a new position in Shake Shack Inc. (NYSE:SHAK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,500 shares of the company's stock, valued at approximately $2,531,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Point72 Asset Management L.P. increased its holdings in Shake Shack by 154.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company's stock worth $67,157,000 after buying an additional 395,311 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Shake Shack in the 3rd quarter valued at $39,677,000. Holocene Advisors LP boosted its holdings in shares of Shake Shack by 68.3% in the 3rd quarter. Holocene Advisors LP now owns 946,350 shares of the company's stock valued at $97,673,000 after acquiring an additional 384,131 shares during the last quarter. Paloma Partners Management Co purchased a new position in shares of Shake Shack during the third quarter worth $18,626,000. Finally, Jennison Associates LLC raised its holdings in shares of Shake Shack by 27.7% during the fourth quarter. Jennison Associates LLC now owns 375,552 shares of the company's stock worth $48,747,000 after purchasing an additional 81,441 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Shake Shack

In related news, CFO Katherine Irene Fogertey sold 642 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 30,717 shares of the company's stock, valued at approximately $4,223,894.67. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.73% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on SHAK. Wedbush reaffirmed a "neutral" rating and set a $130.00 price target on shares of Shake Shack in a research report on Wednesday, January 15th. Truist Financial decreased their price target on Shake Shack from $149.00 to $143.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Stifel Nicolaus dropped their price objective 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. Oppenheimer boosted their target price 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. Finally, Barclays raised shares of Shake Shack from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $125.00 to $159.00 in a 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $124.29.

Shake Shack Price Performance

SHAK stock traded up $12.69 during trading on Thursday, hitting $123.92. The stock had a trading volume of 4,491,149 shares, compared to its average volume of 1,410,127. The company's 50-day moving average price is $122.24 and its two-hundred day moving average price is $116.17. Shake Shack Inc. has a twelve month low of $77.50 and a twelve month high of $139.89. The stock has a market capitalization of $5.26 billion, a P/E ratio of 728.96 and a beta of 1.86. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.01. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. As a group, research analysts predict that Shake Shack Inc. will post 0.9 EPS for the current fiscal year.

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.