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

Knights of Columbus Asset Advisors LLC lifted its stake in shares of Shake Shack Inc. (NYSE:SHAK) by 26.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,475 shares of the company’s stock after purchasing an additional 4,922 shares during the quarter. Knights of Columbus Asset Advisors LLC owned 0.06% of Shake Shack worth $3,047,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new stake in shares of Shake Shack during the 4th quarter valued at approximately $32,000. Transcendent Capital Group LLC acquired a new stake in Shake Shack during the 4th quarter worth approximately $52,000. R Squared Ltd acquired a new stake in Shake Shack during the 4th quarter worth approximately $56,000. 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 worth $78,000 after buying an additional 325 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in Shake Shack by 200.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 600 shares of the company’s stock worth $78,000 after buying an additional 400 shares during the period. 86.07% of the stock is owned by institutional investors.

Shake Shack Trading Down 0.1 %

Shares of Shake Shack stock opened at $90.58 on Friday. Shake Shack Inc. has a 12-month low of $77.50 and a 12-month high of $139.89. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 393.83 and a beta of 1.89. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $107.78 and its 200-day moving average price is $115.17.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The company had revenue of $328.68 million for the quarter, compared to analysts’ expectations of $329.02 million. On average, equities analysts expect that Shake Shack Inc. will post 1.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SHAK. JPMorgan Chase & Co. cut their target price on shares of Shake Shack from $107.00 to $105.00 and set an “underweight” rating on the stock in a research report on Thursday. Barclays upgraded shares of Shake Shack from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $125.00 to $159.00 in a research report on Tuesday, January 7th. TD Securities restated a “buy” rating and issued a $140.00 price target on shares of Shake Shack in a research report on Friday, February 21st. Truist Financial boosted their target price on shares of Shake Shack from $143.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Wedbush boosted their price target 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 research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $125.67.

Shake Shack 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.