Shake Shack Inc. (NYSE:SHAK) Holdings Cut by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its holdings in Shake Shack Inc. (NYSE:SHAK) by 1.8% during the fourth quarter, HoldingsChannel.com reports. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SHAK. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Shake Shack during the third quarter worth approximately $41,000. R Squared Ltd acquired a new position in Shake Shack in the fourth quarter worth approximately $56,000. Covestor Ltd grew its position in Shake Shack by 41.6% during the 3rd quarter. Covestor Ltd now owns 698 shares of the company’s stock worth $72,000 after purchasing an additional 205 shares in the last quarter. Quest Partners LLC grew 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 purchasing an additional 325 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Shake Shack by 56.3% during the 4th quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $96,000 after purchasing an additional 265 shares in the last quarter. Institutional investors own 86.07% of the company’s stock.

Analyst Ratings Changes

SHAK has been the topic of several research analyst reports. Gordon Haskett upgraded shares of 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. Oppenheimer lifted their price objective 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. Wedbush reissued a “neutral” rating and set a $130.00 target price on shares of Shake Shack in a research report on Wednesday, January 15th. 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 report on Friday, January 17th. Finally, Barclays upgraded shares of Shake Shack from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $125.00 to $159.00 in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Shake Shack currently has an average rating of “Hold” and an average target price of $123.78.

Shake Shack Stock Performance

NYSE SHAK opened at $106.58 on Thursday. Shake Shack Inc. has a 52-week low of $75.46 and a 52-week high of $139.89. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.98 and a current ratio of 2.01. The firm has a 50-day moving average of $125.01 and a 200-day moving average of $115.44. The stock has a market cap of $4.53 billion, a PE ratio of 626.94 and a beta of 1.86.

Insiders Place Their Bets

In other Shake Shack news, CFO Katherine Irene Fogertey sold 642 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total value of $88,281.42. Following the transaction, the chief financial officer now directly owns 30,717 shares of the company’s stock, valued at $4,223,894.67. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 9.73% of the company’s stock.

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.