Assenagon Asset Management S.A. Boosts Stake in Shake Shack, Inc. $SHAK

Key Points

• Assenagon Asset Management increased its Shake Shack stake by 602.5% in the second quarter, bringing its holdings to 217,617 shares worth approximately $12.2 million. Institutional investors collectively own 86.07% of the company.
• Analysts maintain a “Moderate Buy” consensus on SHAK, with an average price target of $89.74, although several firms recently lowered their targets. Fifteen analysts rate the stock a Buy, while twelve recommend holding it.
• Shake Shack’s latest quarter showed 17.2% year-over-year revenue growth to $417.62 million, while earnings of $0.43 per share exceeded the $0.31 consensus estimate. Directors also reported recent stock purchases, including a combined $561,850 bought by two directors.

Assenagon Asset Management S.A. increased its holdings in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) by 602.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 217,617 shares of the company's stock after purchasing an additional 186,641 shares during the quarter. Assenagon Asset Management S.A. owned 0.51% of Shake Shack worth $12,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of SHAK. Glenview Trust co grew its stake in shares of Shake Shack by 1.5% in the second quarter. Glenview Trust co now owns 6,925 shares of the company's stock worth $974,000 after acquiring an additional 100 shares during the period. UMB Bank n.a. grew its position in Shake Shack by 42.2% in the 4th quarter. UMB Bank n.a. now owns 391 shares of the company's stock worth $32,000 after purchasing an additional 116 shares during the period. Maryland State Retirement & Pension System grew its position in Shake Shack by 2.1% in the 4th quarter. Maryland State Retirement & Pension System now owns 5,905 shares of the company's stock worth $479,000 after purchasing an additional 119 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Shake Shack by 18.2% in the 4th quarter. Farther Finance Advisors LLC now owns 935 shares of the company's stock worth $76,000 after buying an additional 144 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of Shake Shack by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,186 shares of the company's stock worth $746,000 after acquiring an additional 150 shares during the period. 86.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SHAK. Gordon Haskett reduced their price objective on Shake Shack from $90.00 to $70.00 and set a "buy" rating for the company in a research report on Wednesday, June 3rd. Morgan Stanley set a $74.00 price objective on shares of Shake Shack in a report on Thursday. Guggenheim cut their target price on shares of Shake Shack from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Monday, May 11th. Piper Sandler reduced their target price on shares of Shake Shack from $79.00 to $66.00 and set a "neutral" rating for the company in a report on Tuesday, July 14th. Finally, BNP Paribas Exane increased their price target on shares of Shake Shack from $77.00 to $81.00 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. Fifteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $89.74.

Shake Shack Stock Performance

NYSE:SHAK opened at $71.17 on Tuesday. The company has a current ratio of 1.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.43. Shake Shack, Inc. has a 12-month low of $51.60 and a 12-month high of $110.67. The stock has a 50-day moving average price of $58.82 and a 200 day moving average price of $77.65. The stock has a market capitalization of $3.04 billion, a P/E ratio of 75.71, a P/E/G ratio of 7.88 and a beta of 1.63.

Shake Shack (NYSE:SHAK - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.12. Shake Shack had a return on equity of 9.29% and a net margin of 2.56%.The company had revenue of $417.62 million for the quarter, compared to analysts' expectations of $417.18 million. During the same period in the previous year, the firm earned $0.44 EPS. The firm's revenue was up 17.2% compared to the same quarter last year. Equities research analysts forecast that Shake Shack, Inc. will post 1.12 EPS for the current fiscal year.

Key Headlines Impacting Shake Shack

Here are the key news stories impacting Shake Shack this week:

• Positive Sentiment: Shake Shack is reportedly planning its first location in Pinellas County, Florida, in Seminole. The new restaurant would expand the company’s store base and market presence. Pinellas County could be getting its first Shake Shack
• Positive Sentiment: Recent second-quarter results showed revenue growth of 17.2% year over year, while adjusted earnings of $0.43 per share exceeded the $0.31 analyst consensus. The results reinforce the company’s growth momentum, though its elevated valuation leaves the stock sensitive to execution. Shake Shack Inc. 2026 Q2 Results Earnings Call Presentation
• Neutral Sentiment: Analysts are comparing Shake Shack with Bloomin’ Brands as a potential value investment. With SHAK trading at a high earnings multiple, the comparison could influence investor views on whether the stock’s growth prospects justify its valuation. BLMN vs. SHAK: Which Stock Is the Better Value Option?
• Neutral Sentiment: Coverage of Shake Shack’s beef hot-dog supplier highlights the brand’s broader menu and vendor relationships, but does not appear to introduce a material new financial catalyst. The Big Brand Behind Shake Shack’s Beef Hot Dogs
• Negative Sentiment: A viral customer video alleged that selecting “no tip” at a Shake Shack self-order kiosk increased the order total by roughly $1.50, with individual items reportedly rising by 50 cents. Shake Shack said the apparent price change was caused by a technology or kiosk error—not a surcharge for declining to tip. Although the explanation limits direct financial concerns, the incident could hurt customer trust and generate negative publicity if similar errors recur. Shake Shack Order Got Pricier After a Customer Hit No Tip

Insider Buying and Selling

In other news, Director Josh Silverman purchased 8,290 shares of the business's stock in a transaction on Friday, May 15th. The stock was acquired at an average price of $60.38 per share, for a total transaction of $500,550.20. Following the acquisition, the director directly owned 8,290 shares of the company's stock, valued at $500,550.20. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey Flug purchased 1,000 shares of Shake Shack stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $61.30 per share, for a total transaction of $61,300.00. Following the transaction, the director directly owned 5,470 shares of the company's stock, valued at $335,311. The trade was a 22.37% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 50,616 shares of company stock worth $3,109,782 in the last 90 days. 8.32% of the stock is owned by company insiders.

Shake Shack Company Profile

Shake Shack, Inc NYSE: SHAK is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City's Madison Square Park in 2001 by Danny Meyer's Union Square Hospitality Group.

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