Armistice Capital LLC Has $25.13 Million Position in Shake Shack, Inc. $SHAK

Key Points

• Armistice Capital LLC has increased its stake in Shake Shack, Inc. by 53.7%, now owning 285,021 shares valued at $25.13 million, reflecting growing institutional interest in the company.
• Shake Shack's recent earnings report showed an earnings per share of $0.44, exceeding estimates and demonstrating a 12.6% increase in revenue year-over-year.
• Over the last ninety days, insiders sold a total of 67,211 shares of Shake Shack stock, indicating potential caution among executives despite the firm's positive financial performance.

Armistice Capital LLC lifted its stake in Shake Shack, Inc. (NYSE:SHAK - Free Report) by 53.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 285,021 shares of the company's stock after purchasing an additional 99,525 shares during the quarter. Armistice Capital LLC owned 0.67% of Shake Shack worth $25,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its position 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 worth $26,000 after purchasing an additional 263 shares in the last quarter. Garde Capital Inc. bought a new position in Shake Shack during the first quarter valued at approximately $35,000. Princeton Global Asset Management LLC bought a new position in Shake Shack during the first quarter valued at approximately $44,000. SRH Advisors LLC bought a new position in Shake Shack during the first quarter valued at approximately $44,000. Finally, Cooper Investors PTY Ltd. bought a new position in Shake Shack during the first quarter valued at approximately $44,000. 86.07% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Shake Shack news, Director Daniel Harris Meyer sold 14,200 shares of Shake Shack stock in a transaction 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 sale, the director owned 337,984 shares in the company, valued at $47,422,535.04. The trade was a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Katherine Irene Fogertey sold 670 shares of Shake Shack stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $140.03, for a total transaction of $93,820.10. Following the sale, the chief financial officer owned 32,495 shares in the company, valued at $4,550,274.85. This represents a 2.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,211 shares of company stock worth $7,944,616 in the last quarter. Corporate insiders own 8.50% of the company's stock.

Shake Shack Stock Performance

Shares of Shake Shack stock traded down $3.18 during midday trading on Thursday, hitting $102.00. The company had a trading volume of 1,222,293 shares, compared to its average volume of 1,444,460. The business's 50 day simple moving average is $123.03 and its two-hundred day simple moving average is $110.49. The stock has a market cap of $4.35 billion, a PE ratio of 221.74, a P/E/G ratio of 2.42 and a beta of 1.68. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.92 and a quick ratio of 1.89. Shake Shack, Inc. has a 1-year low of $72.93 and a 1-year high of $144.65.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $356.47 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company posted $0.27 earnings per share. Shake Shack has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that Shake Shack, Inc. will post 1.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SHAK shares. Bank of America raised their price objective on shares of Shake Shack from $134.00 to $148.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. increased their price target on Shake Shack from $100.00 to $110.00 and gave the company an "underweight" rating in a report on Wednesday, June 25th. BTIG Research downgraded Shake Shack from a "buy" rating to a "neutral" rating in a report on Monday, June 2nd. 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. Finally, Oppenheimer reiterated an "outperform" rating and set a $160.00 price target (up previously from $125.00) on shares of Shake Shack in a report on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $133.05.

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.