AQR Capital Management LLC Acquires 15,361 Shares of Shake Shack, Inc. $SHAK

Key Points

• AQR Capital Management LLC increased its stake in Shake Shack by 29.3%, acquiring an additional 15,361 shares, bringing their total holdings to 67,850 shares valued at approximately $5.98 million.
• Analysts have mixed ratings for Shake Shack, with a consensus rating of "Hold" and an average price target of $133.05, reflecting varying outlooks on the company's stock.
• Shake Shack reported $356.47 million in revenue for its latest quarter, surpassing analyst expectations and showing a year-over-year revenue increase of 12.6%.

AQR Capital Management LLC increased its holdings in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) by 29.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,850 shares of the company's stock after buying an additional 15,361 shares during the period. AQR Capital Management LLC owned 0.16% of Shake Shack worth $5,982,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SHAK. Nuveen LLC bought a new stake in shares of Shake Shack during the first quarter worth approximately $42,802,000. Ameriprise Financial Inc. raised its stake in shares of Shake Shack by 144.3% during the first 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 last quarter. Jump Financial LLC bought a new stake in shares of Shake Shack during the first quarter worth approximately $17,064,000. Champlain Investment Partners LLC raised its stake in shares of Shake Shack by 59.5% during the first quarter. Champlain Investment Partners LLC now owns 357,776 shares of the company's stock worth $31,545,000 after buying an additional 133,440 shares during the last quarter. Finally, Van Berkom & Associates Inc. increased its stake in Shake Shack by 19.0% in the first quarter. Van Berkom & Associates Inc. now owns 785,594 shares of the company's stock valued at $69,266,000 after purchasing an additional 125,357 shares in the last quarter. 86.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on SHAK shares. TD Cowen upped their target price 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. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $160.00 target price (down previously from $165.00) on shares of Shake Shack in a research note on Friday, August 1st. BTIG Research downgraded shares of Shake Shack from a "buy" rating to a "neutral" rating in a research note on Monday, June 2nd. Morgan Stanley upped their target price on shares of Shake Shack from $122.00 to $126.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Finally, Barclays lowered their target price on shares of Shake Shack from $168.00 to $160.00 and set an "overweight" rating for the company in a research note on Friday, August 1st. One investment 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 issued a Sell rating to the company. According to data from MarketBeat.com, Shake Shack currently has a consensus rating of "Hold" and an average price target of $133.05.

Shake Shack Stock Performance

Shares of SHAK opened at $100.74 on Friday. Shake Shack, Inc. has a 12 month low of $72.93 and a 12 month high of $144.65. The firm has a fifty day simple moving average of $117.43 and a 200 day simple moving average of $109.83. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 219.00, a PEG ratio of 2.37 and a beta of 1.68. The company has a current ratio of 1.92, a quick ratio of 1.89 and a debt-to-equity ratio of 0.48.

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

Insiders Place Their Bets

In other Shake Shack news, Director Daniel Harris Meyer sold 14,200 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $140.31, for a total value of $1,992,402.00. Following the completion of the sale, the director owned 337,984 shares in the company, valued at $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 SEC, which is available through this link. Also, CFO Katherine Irene Fogertey sold 670 shares of the stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $140.03, for a total transaction of $93,820.10. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,693 shares of company stock valued at $7,370,106. Corporate insiders own 8.50% of the company's stock.

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.

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