Campbell & CO Investment Adviser LLC Takes $1.66 Million Position in Shake Shack, Inc. $SHAK

Key Points

• Campbell & CO Investment Adviser LLC has acquired 18,813 shares of Shake Shack, Inc., valued at approximately $1,659,000, in the first quarter.
• Shake Shack has reported a quarterly earnings per share of $0.44, beating analyst estimates of $0.37, with an annual revenue increase of 12.6%.
• Insiders at Shake Shack have sold a total of 87,211 shares in the last ninety days, indicating a decrease in ownership among executives.

Campbell & CO Investment Adviser LLC acquired a new position in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 18,813 shares of the company's stock, valued at approximately $1,659,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Summit Financial LLC raised its holdings in Shake Shack by 0.7% during the 1st quarter. Summit Financial LLC now owns 13,180 shares of the company's stock worth $1,162,000 after buying an additional 97 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Shake Shack by 1.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,367 shares of the company's stock worth $914,000 after buying an additional 133 shares during the period. Xponance Inc. raised its holdings in Shake Shack by 5.9% during the 1st quarter. Xponance Inc. now owns 2,868 shares of the company's stock worth $253,000 after buying an additional 159 shares during the period. Aigen Investment Management LP raised its holdings in Shake Shack by 0.7% during the 1st quarter. Aigen Investment Management LP now owns 29,162 shares of the company's stock worth $2,571,000 after buying an additional 198 shares during the period. Finally, DAVENPORT & Co LLC raised its holdings in Shake Shack by 1.8% during the 1st quarter. DAVENPORT & Co LLC now owns 12,411 shares of the company's stock worth $1,094,000 after buying an additional 225 shares during the period. Institutional investors and hedge funds own 86.07% of the company's stock.

Insider Buying and Selling

In other Shake Shack news, Director Daniel Harris Meyer sold 14,200 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The stock was 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 $47,422,535.04. This represents a 4.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Katherine Irene Fogertey sold 670 shares of the 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 of the company's stock, valued at $4,550,274.85. This represents a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,211 shares of company stock valued at $9,247,216 in the last ninety days. Company insiders own 8.50% of the company's stock.

Shake Shack Stock Up 0.1%

NYSE:SHAK traded up $0.10 during mid-day trading on Friday, reaching $106.02. The stock had a trading volume of 1,004,434 shares, compared to its average volume of 1,275,354. The stock has a market cap of $4.53 billion, a P/E ratio of 230.49, a PEG 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. The business's 50 day moving average is $124.75 and its 200 day moving average is $110.57. Shake Shack, Inc. has a fifty-two week low of $72.93 and a fifty-two week high of $144.65.

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

Analysts Set New Price Targets

SHAK has been the topic of several recent analyst reports. TD Cowen boosted their price objective on Shake Shack from $105.00 to $110.00 and gave the stock a "hold" rating in a report on Thursday, July 31st. UBS Group reiterated a "neutral" rating and issued a $140.00 target price (up previously from $100.00) on shares of Shake Shack in a report on Friday, July 25th. Barclays dropped their target price on Shake Shack from $168.00 to $160.00 and set an "overweight" rating on the stock in a report on Friday, August 1st. Bank of America upped their target price on Shake Shack from $134.00 to $148.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Finally, The Goldman Sachs Group upped their target price on Shake Shack from $120.00 to $145.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. One 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 given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $133.05.

Shake Shack Company 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.