Yousif Capital Management LLC Decreases Stock Position in Shake Shack Inc. (NYSE:SHAK)

Yousif Capital Management LLC cut its stake in Shake Shack Inc. (NYSE:SHAK) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,993 shares of the company’s stock after selling 205 shares during the period. Yousif Capital Management LLC’s holdings in Shake Shack were worth $1,427,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Thrivent Financial for Lutherans boosted its holdings in Shake Shack by 0.4% in the third quarter. Thrivent Financial for Lutherans now owns 31,398 shares of the company’s stock valued at $3,241,000 after purchasing an additional 139 shares during the period. Glenmede Trust Co. NA raised its stake in Shake Shack by 1.5% in the third quarter. Glenmede Trust Co. NA now owns 13,293 shares of the company’s stock valued at $1,372,000 after buying an additional 199 shares in the last quarter. Covestor Ltd raised its stake in Shake Shack by 41.6% in the third quarter. Covestor Ltd now owns 698 shares of the company’s stock valued at $72,000 after buying an additional 205 shares in the last quarter. Amalgamated Bank raised its stake in Shake Shack by 1.8% in the third quarter. Amalgamated Bank now owns 11,721 shares of the company’s stock valued at $1,210,000 after buying an additional 211 shares in the last quarter. Finally, KBC Group NV raised its stake in Shake Shack by 24.1% in the third quarter. KBC Group NV now owns 1,206 shares of the company’s stock valued at $124,000 after buying an additional 234 shares in the last quarter. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on SHAK shares. Truist Financial cut their price target on Shake Shack from $149.00 to $143.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Oppenheimer lifted their target price on Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Stifel Nicolaus cut their target price on Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a research report on Friday, January 17th. Barclays upgraded Shake Shack from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $125.00 to $159.00 in a research report on Tuesday, January 7th. Finally, Gordon Haskett upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $123.78.

Insider Activity

In other news, CFO Katherine Irene Fogertey sold 642 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total transaction of $88,281.42. Following the completion of the sale, the chief financial officer now directly owns 30,717 shares in the company, valued at $4,223,894.67. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.73% of the company’s stock.

Shake Shack Trading Up 0.0 %

NYSE:SHAK opened at $106.58 on Thursday. The business’s 50-day moving average is $125.01 and its two-hundred day moving average is $115.44. 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 Inc. has a 12 month low of $75.46 and a 12 month high of $139.89. The firm has a market capitalization of $4.53 billion, a PE ratio of 626.94 and a beta of 1.86.

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.