Aptus Capital Advisors LLC Makes New $1.53 Million Investment in Shake Shack, Inc. $SHAK

Key Points

• Aptus Capital Advisors LLC has made a new investment in Shake Shack, Inc., purchasing 17,388 shares for approximately $1.53 million.
• Shake Shack's stock has seen various price target adjustments from analysts, with a consensus price target of $132.15, reflecting a mix of ratings from "Strong Buy" to "Sell."
• In the most recent quarter, Shake Shack reported earnings of $0.44 per share, exceeding estimates, with a revenue increase of 12.6% year-over-year.

Aptus Capital Advisors LLC bought a new position in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,388 shares of the company's stock, valued at approximately $1,533,000.

Several other hedge funds have also made changes to their positions in the business. Invesco Ltd. boosted its stake in shares of Shake Shack by 2.0% during the first 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. Balyasny Asset Management L.P. boosted its stake in shares of Shake Shack by 17.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 894,286 shares of the company's stock worth $116,078,000 after buying an additional 134,475 shares during the period. Van Berkom & Associates Inc. boosted its stake in shares of Shake Shack by 19.0% during the first 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. Dimensional Fund Advisors LP boosted its stake in shares of Shake Shack by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 760,595 shares of the company's stock worth $98,726,000 after buying an additional 19,320 shares during the period. Finally, Driehaus Capital Management LLC acquired a new stake in shares of Shake Shack during the fourth quarter worth about $66,349,000. Institutional investors and hedge funds own 86.07% of the company's stock.

Analysts Set New Price Targets

SHAK has been the subject of several recent research reports. Sanford C. Bernstein set a $166.00 target price on shares of Shake Shack and gave the stock an "overweight" rating in a research note on Thursday, June 26th. KeyCorp started coverage on shares of Shake Shack in a report on Monday, June 2nd. They set a "sector weight" rating for the company. Morgan Stanley increased their price target on shares of Shake Shack from $122.00 to $126.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Robert W. Baird upped their price target on shares of Shake Shack from $85.00 to $90.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, TD Cowen boosted their price objective on shares of Shake Shack from $105.00 to $110.00 and gave the company a "hold" rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Shake Shack has a consensus rating of "Hold" and a consensus price target of $132.15.

Shake Shack Price Performance

Shake Shack stock opened at $102.7170 on Thursday. Shake Shack, Inc. has a 1 year low of $72.93 and a 1 year high of $144.65. The firm has a 50 day moving average price of $127.96 and a 200 day moving average price of $110.97. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 223.30, a PEG ratio of 2.39 and a beta of 1.82. 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 released its 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 during the quarter, compared to the consensus estimate of $352.56 million. During the same period in the previous year, the firm earned $0.27 earnings per share. Shake Shack's 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. Sell-side analysts predict that Shake Shack, Inc. will post 1.26 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Katherine Irene Fogertey sold 670 shares of the business's 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 completion of the sale, the chief financial officer directly owned 32,495 shares in the company, valued at approximately $4,550,274.85. The trade was a 2.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel Harris Meyer sold 14,200 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $140.31, for a total transaction of $1,992,402.00. Following the completion of the sale, the director owned 337,984 shares of the company's stock, valued at approximately $47,422,535.04. The trade was a 4.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,211 shares of company stock valued at $11,849,216. 8.50% of the stock is owned by insiders.

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.

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