485,453 Shares in Shake Shack, Inc. $SHAK Acquired by Nuveen LLC

Key Points

• Nuveen LLC acquired 485,453 shares of Shake Shack, valued at approximately $42.8 million, increasing its ownership to 1.14% of the company.
• Shake Shack reported a 12.6% increase in quarterly revenue year-over-year, reaching $356.47 million, with an EPS of $0.44 that exceeded analyst estimates.
• The stock has seen varied analyst ratings, with a consensus rating of "Hold" and an average price target of $131.29, following revisions from several firms.

Nuveen LLC bought a new stake in Shake Shack, Inc. (NYSE:SHAK - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 485,453 shares of the company's stock, valued at approximately $42,802,000. Nuveen LLC owned approximately 1.14% of Shake Shack as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of SHAK. Farther Finance Advisors LLC grew its stake in shares of Shake Shack by 939.3% in the first quarter. Farther Finance Advisors LLC now owns 291 shares of the company's stock valued at $26,000 after buying an additional 263 shares in the last quarter. Garde Capital Inc. acquired a new stake in shares of Shake Shack in the first quarter valued at about $35,000. Princeton Global Asset Management LLC acquired a new stake in shares of Shake Shack in the first quarter valued at about $44,000. Cooper Investors PTY Ltd. acquired a new stake in shares of Shake Shack in the first quarter valued at about $44,000. Finally, SRH Advisors LLC acquired a new stake in shares of Shake Shack in the first quarter valued at about $44,000. Institutional investors and hedge funds own 86.07% of the company's stock.

Wall Street Analysts Forecast Growth

SHAK has been the subject of a number of recent research reports. Morgan Stanley increased their target price on Shake Shack from $122.00 to $126.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Truist Financial increased their price target on Shake Shack from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. TD Cowen increased their price target on Shake Shack from $105.00 to $110.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Wells Fargo & Company increased their price target on Shake Shack from $115.00 to $125.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Finally, Sanford C. Bernstein set a $166.00 price target on Shake Shack and gave the company an "overweight" rating in a report on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $132.15.

Insider Buying and Selling

In other Shake Shack news, Director Daniel Harris Meyer sold 20,000 shares of the stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $140.07, for a total transaction of $2,801,400.00. Following the transaction, the director owned 367,984 shares of the company's stock, valued at $51,543,518.88. This trade represents a 5.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Katherine Irene Fogertey sold 3,956 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $127.49, for a total value of $504,350.44. Following the transaction, the chief financial officer directly owned 35,750 shares in the company, valued at approximately $4,557,767.50. This represents a 9.96% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 87,211 shares of company stock worth $11,849,216. 8.50% of the stock is currently owned by company insiders.

Shake Shack Stock Performance

NYSE:SHAK traded down $0.5580 during trading hours on Tuesday, reaching $104.2720. 833,409 shares of the stock were exchanged, compared to its average volume of 1,471,343. 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 firm has a 50 day simple moving average of $128.88 and a 200-day simple moving average of $111.07. Shake Shack, Inc. has a 52 week low of $72.93 and a 52 week high of $144.65. The stock has a market capitalization of $4.45 billion, a P/E ratio of 226.68, a P/E/G ratio of 2.43 and a beta of 1.82.

Shake Shack (NYSE:SHAK - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.07. Shake Shack had a return on equity of 9.78% and a net margin of 1.50%.The company 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 business posted $0.27 EPS. Shake Shack'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. As a group, sell-side analysts forecast that Shake Shack, Inc. will post 1.26 earnings per share for the current fiscal 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.