Shake Shack, Inc. $SHAK Stock Holdings Cut by 12 West Capital Management LP

Key Points

• 12 West Capital Management LP reduced its stake in Shake Shack by 8.2%, selling 145,523 shares, while still making it the fund's largest position at approximately 21.1% of its portfolio.
• Shake Shack reported $356.47 million in revenue for the last quarter, beating analysts' expectations, and achieved an earnings per share of $0.44, exceeding the consensus estimate of $0.37.
• Multiple brokerages have revised their price targets for Shake Shack, with Oppenheimer lifting its target to $160.00 and Barclays reducing it to $160.00, indicating varied expectations on the stock's future performance.

12 West Capital Management LP trimmed its stake in Shake Shack, Inc. (NYSE:SHAK - Free Report) by 8.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,618,595 shares of the company's stock after selling 145,523 shares during the period. Shake Shack accounts for 21.1% of 12 West Capital Management LP's portfolio, making the stock its largest position. 12 West Capital Management LP owned 3.81% of Shake Shack worth $142,712,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in SHAK. Farther Finance Advisors LLC grew its position in shares of Shake Shack by 939.3% in the 1st quarter. Farther Finance Advisors LLC now owns 291 shares of the company's stock worth $26,000 after buying an additional 263 shares during the last quarter. Garde Capital Inc. purchased a new position in shares of Shake Shack in the 1st quarter worth approximately $35,000. Princeton Global Asset Management LLC purchased a new position in shares of Shake Shack in the 1st quarter worth approximately $44,000. Cooper Investors PTY Ltd. purchased a new position in shares of Shake Shack in the 1st quarter worth approximately $44,000. Finally, SRH Advisors LLC purchased a new position in shares of Shake Shack in the 1st quarter worth approximately $44,000. 86.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Daniel Harris Meyer sold 14,200 shares of Shake Shack stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $140.31, for a total transaction of $1,992,402.00. Following the completion of the transaction, the director directly owned 337,984 shares in the company, valued at approximately $47,422,535.04. This trade represents a 4.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Katherine Irene Fogertey sold 670 shares of Shake Shack stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $140.03, for a total value of $93,820.10. Following the transaction, the chief financial officer owned 32,495 shares of the company's stock, valued at approximately $4,550,274.85. This represents a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,211 shares of company stock worth $7,944,616. 8.50% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SHAK shares. Truist Financial lifted their price objective on shares of Shake Shack from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Morgan Stanley increased their price objective on shares of Shake Shack from $122.00 to $126.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. The Goldman Sachs Group increased their price objective on shares of Shake Shack from $120.00 to $145.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Barclays decreased their price objective on shares of Shake Shack from $168.00 to $160.00 and set an "overweight" rating for the company in a research report on Friday, August 1st. Finally, Sanford C. Bernstein set a $166.00 price objective on shares of Shake Shack and gave the company an "overweight" rating in a research report on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $133.05.

Shake Shack Stock Performance

NYSE SHAK traded down $1.61 during trading hours on Friday, reaching $100.26. The stock had a trading volume of 1,857,142 shares, compared to its average volume of 1,102,896. The stock has a fifty day moving average of $121.53 and a 200 day moving average of $110.33. The stock has a market cap of $4.28 billion, a P/E ratio of 217.97, a price-to-earnings-growth ratio of 2.29 and a beta of 1.68. Shake Shack, Inc. has a 52-week low of $72.93 and a 52-week high of $144.65. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.89 and a current ratio of 1.92.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.07. The firm had revenue of $356.47 million for the quarter, compared to analyst estimates of $352.56 million. Shake Shack had a return on equity of 9.78% and a net margin of 1.50%.Shake Shack's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 earnings per share. Shake Shack has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts predict that Shake Shack, Inc. will post 1.26 earnings per share for the current 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.