Bosun Asset Management LLC Purchases New Shares in Shake Shack, Inc. $SHAK

Key Points

• Bosun Asset Management LLC purchased 4,557 shares of Shake Shack, valued at approximately $402,000, indicating growing institutional interest in the company.
• Shake Shack reported a 12.6% year-over-year revenue increase for the last quarter, posting $356.47 million in revenue and exceeding analyst expectations.
• Analysts have set mixed ratings for Shake Shack, with price targets ranging from $100.00 to $160.00 and a consensus rating of "Hold".

Bosun Asset Management LLC bought a new position in Shake Shack, Inc. (NYSE:SHAK - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,557 shares of the company's stock, valued at approximately $402,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Invesco Ltd. grew its position in shares of Shake Shack by 2.0% in the 1st quarter. Invesco Ltd. now owns 1,269,876 shares of the company's stock worth $111,965,000 after buying an additional 24,783 shares during the period. Ameriprise Financial Inc. grew its position in shares of Shake Shack by 144.3% in the 1st quarter. Ameriprise Financial Inc. now owns 791,857 shares of the company's stock worth $69,805,000 after buying an additional 467,748 shares during the period. Van Berkom & Associates Inc. grew its position in shares of Shake Shack by 19.0% in the 1st quarter. Van Berkom & Associates Inc. now owns 785,594 shares of the company's stock worth $69,266,000 after buying an additional 125,357 shares during the period. Driehaus Capital Management LLC purchased a new stake in shares of Shake Shack in the 4th quarter worth about $66,349,000. Finally, Nuveen LLC purchased a new stake in shares of Shake Shack in the 1st quarter worth about $42,802,000. 86.07% of the stock is owned by hedge funds and other institutional investors.

Shake Shack Stock Performance

Shares of NYSE SHAK traded down $1.61 during trading on Friday, reaching $100.26. 1,857,142 shares of the company traded hands, compared to its average volume of 1,091,324. The firm has a 50 day simple moving average of $121.53 and a 200-day simple moving average of $110.23. The company has a quick ratio of 1.89, a current ratio of 1.92 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $4.28 billion, a PE ratio of 217.97, a P/E/G 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.

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

Insider Buying and Selling

In related news, Director Daniel Harris Meyer sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $140.07, for a total value of $2,801,400.00. Following the transaction, the director owned 367,984 shares of the company's stock, valued at approximately $51,543,518.88. This trade represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Katherine Irene Fogertey sold 3,956 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $127.49, for a total transaction of $504,350.44. Following the sale, the chief financial officer owned 35,750 shares in the company, valued at approximately $4,557,767.50. The trade was a 9.96% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 57,211 shares of company stock worth $7,944,616. 8.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SHAK. KeyCorp began coverage on shares of Shake Shack in a research report on Monday, June 2nd. They set a "sector weight" rating on the stock. Wells Fargo & Company increased their price objective on shares of Shake Shack from $115.00 to $125.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Loop Capital reissued a "hold" rating and set a $127.00 price objective on shares of Shake Shack in a research report on Tuesday, July 8th. 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. Finally, Truist Financial increased their price objective on shares of Shake Shack from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Shake Shack has an average rating of "Hold" and an average target price of $133.05.

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.