Knights of Columbus Asset Advisors LLC Increases Stake in Shake Shack Inc. (NYSE:SHAK)

Knights of Columbus Asset Advisors LLC boosted its position in Shake Shack Inc. (NYSE:SHAK - Free Report) by 26.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 owned approximately 0.06% of Shake Shack worth $3,047,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SHAK. State Street Corp grew its holdings in shares of Shake Shack by 3.5% during the third quarter. State Street Corp now owns 1,452,736 shares of the company's stock valued at $149,937,000 after buying an additional 49,324 shares in the last quarter. Holocene Advisors LP boosted its holdings in shares of Shake Shack by 68.3% during the 3rd quarter. Holocene Advisors LP now owns 946,350 shares of the company's stock worth $97,673,000 after buying an additional 384,131 shares during the period. Geode Capital Management LLC raised its holdings in Shake Shack by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 876,380 shares of the company's stock worth $90,470,000 after acquiring an additional 26,620 shares during the period. Point72 Asset Management L.P. boosted its holdings in Shake Shack by 154.8% during the third quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company's stock valued at $67,157,000 after acquiring an additional 395,311 shares during the period. Finally, Champlain Investment Partners LLC grew its position in shares of Shake Shack by 4.7% in the third quarter. Champlain Investment Partners LLC now owns 614,747 shares of the company's stock valued at $63,448,000 after purchasing an additional 27,707 shares during the last quarter. 86.07% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

SHAK has been the topic of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Shake Shack from $107.00 to $105.00 and set an "underweight" rating on the stock in a report on Thursday, March 20th. Wedbush lifted their price objective on Shake Shack from $115.00 to $125.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. Gordon Haskett upgraded Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 price objective on the stock in a research report on Wednesday, January 8th. UBS Group raised their target price on Shake Shack from $130.00 to $140.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Finally, Barclays upgraded shares of Shake Shack from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $125.00 to $159.00 in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $124.05.

Shake Shack Stock Performance

SHAK traded down $2.15 during trading on Wednesday, hitting $93.24. 1,034,713 shares of the company traded hands, compared to its average volume of 984,860. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. The firm has a market cap of $3.97 billion, a P/E ratio of 405.38 and a beta of 1.89. Shake Shack Inc. has a one year low of $77.50 and a one year high of $139.89. The stock's fifty day moving average is $106.33 and its 200 day moving average is $115.26.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, topping 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 firm had revenue of $328.68 million during the quarter, compared to analyst estimates of $329.02 million. As a group, equities analysts predict that Shake Shack Inc. will post 1.26 EPS 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.