Ameriprise Financial Inc. Purchases 467,748 Shares of Shake Shack, Inc. $SHAK

Key Points

• Ameriprise Financial Inc. significantly increased its stake in Shake Shack, Inc. by 144.3%, acquiring an additional 467,748 shares and bringing its total ownership to approximately 791,857 shares valued at $69.8 million.
• Shake Shack reported earnings per share of $0.44 for the last quarter, exceeding analyst expectations, alongside a 12.6% revenue increase year-over-year, totaling $356.47 million.
• Institutional investors currently own 86.07% of Shake Shack's stock, with various firms modifying their holdings, indicating significant interest from large investors in the company.

Ameriprise Financial Inc. raised its stake in Shake Shack, Inc. (NYSE:SHAK - Free Report) by 144.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 791,857 shares of the company's stock after buying an additional 467,748 shares during the period. Ameriprise Financial Inc. owned about 1.86% of Shake Shack worth $69,805,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SHAK. Envestnet Asset Management Inc. increased its holdings in shares of Shake Shack by 8.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 10,289 shares of the company's stock worth $1,336,000 after buying an additional 790 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Shake Shack by 1,136.5% in the 4th quarter. NewEdge Advisors LLC now owns 2,065 shares of the company's stock worth $268,000 after buying an additional 1,898 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Shake Shack by 29.4% in the 4th quarter. First Trust Advisors LP now owns 49,936 shares of the company's stock worth $6,482,000 after buying an additional 11,333 shares during the last quarter. State of Tennessee Department of Treasury boosted its stake in shares of Shake Shack by 15.3% in the 4th quarter. State of Tennessee Department of Treasury now owns 16,999 shares of the company's stock valued at $2,206,000 after purchasing an additional 2,250 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Shake Shack by 17.0% in the 4th quarter. Hsbc Holdings PLC now owns 8,332 shares of the company's stock valued at $1,090,000 after purchasing an additional 1,212 shares in the last quarter. Institutional investors own 86.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SHAK shares. UBS Group reaffirmed a "neutral" rating and issued a $140.00 price objective (up previously from $100.00) on shares of Shake Shack in a research note on Friday, July 25th. Truist Financial upped their price objective on shares of Shake Shack from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. TD Cowen upped their price objective on shares of Shake Shack from $105.00 to $110.00 and gave the company a "hold" rating in a research note on Thursday, July 31st. Robert W. Baird upped their price objective on shares of Shake Shack from $85.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Finally, Bank of America upped their price objective on shares of Shake Shack from $134.00 to $148.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $133.05.

Shake Shack Trading Up 0.1%

NYSE SHAK traded up $0.10 during trading on Friday, hitting $106.02. The company had a trading volume of 1,004,434 shares, compared to its average volume of 1,400,732. The company has a current ratio of 1.92, a quick ratio of 1.89 and a debt-to-equity ratio of 0.48. The company's fifty day moving average is $124.75 and its 200-day moving average is $110.54. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 230.49, a price-to-earnings-growth ratio of 2.42 and a beta of 1.82. Shake Shack, Inc. has a one year low of $72.93 and a one year high of $144.65.

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

Insider Activity

In related news, Director Daniel Harris Meyer sold 20,000 shares of the stock in a transaction dated 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 completion of the transaction, the director directly owned 367,984 shares in the company, valued at $51,543,518.88. This trade represents a 5.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Katherine Irene Fogertey sold 3,956 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $127.49, for a total transaction of $504,350.44. Following the completion of the transaction, the chief financial officer owned 35,750 shares of the company's stock, valued at approximately $4,557,767.50. The trade was a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,211 shares of company stock valued at $9,247,216. 8.50% of the stock is owned by company insiders.

About Shake Shack

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.