Canada Pension Plan Investment Board Sells 12,300 Shares of Shake Shack, Inc. $SHAK

Key Points

• The Canada Pension Plan Investment Board reduced its stake in Shake Shack, Inc. by 13.1% during the first quarter, owning approximately 0.19% of the company valued at $7.2 million after selling 12,300 shares.
• Insider selling has increased, with Shake Shack's CFO and a Director both offloading significant shares, accounting for a 9.96% and 5.15% decrease in their ownership, respectively.
• Analysts maintain a mixed outlook for Shake Shack's stock, with ratings ranging from strong buy to underperform, and an average price target of $133.05, reflecting varied levels of confidence in the company's future performance.

Canada Pension Plan Investment Board trimmed its holdings in Shake Shack, Inc. (NYSE:SHAK - Free Report) by 13.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 81,700 shares of the company's stock after selling 12,300 shares during the period. Canada Pension Plan Investment Board owned 0.19% of Shake Shack worth $7,203,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SHAK. Driehaus Capital Management LLC acquired a new stake in Shake Shack in the 4th quarter worth about $66,349,000. Nuveen LLC acquired a new position in shares of Shake Shack in the 1st quarter valued at about $42,802,000. Ameriprise Financial Inc. lifted its stake in shares of Shake Shack by 144.3% in the 1st quarter. Ameriprise Financial Inc. now owns 791,857 shares of the company's stock valued at $69,805,000 after purchasing an additional 467,748 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Shake Shack in the 1st quarter valued at about $17,064,000. Finally, Champlain Investment Partners LLC lifted its stake in shares of Shake Shack by 59.5% in the 1st quarter. Champlain Investment Partners LLC now owns 357,776 shares of the company's stock valued at $31,545,000 after purchasing an additional 133,440 shares in the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Shake Shack

In related news, Director Daniel Harris Meyer sold 20,000 shares of the company's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $140.07, for a total value of $2,801,400.00. Following the completion of the sale, the director owned 367,984 shares in the company, valued at approximately $51,543,518.88. This represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Katherine Irene Fogertey sold 3,956 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $127.49, for a total value of $504,350.44. Following the completion of the transaction, the chief financial officer directly owned 35,750 shares of the company's stock, valued at approximately $4,557,767.50. The trade was a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 57,211 shares of company stock valued at $7,944,616 in the last 90 days. 8.50% of the stock is owned by corporate insiders.

Shake Shack Trading Down 1.6%

Shares of NYSE SHAK traded down $1.61 during mid-day trading on Friday, hitting $100.26. 1,857,142 shares of the company traded hands, compared to its average volume of 1,102,896. The business has a 50 day moving average of $121.53 and a two-hundred day moving average of $110.33. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 217.97, a PEG ratio of 2.29 and a beta of 1.68. The company has a quick ratio of 1.89, a current ratio of 1.92 and a debt-to-equity ratio of 0.48. 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 issued its quarterly earnings data on Thursday, July 31st. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.07. Shake Shack had a return on equity of 9.78% and a net margin of 1.50%.The business had revenue of $356.47 million for the quarter, compared to analyst estimates of $352.56 million. During the same quarter in the prior year, the firm posted $0.27 EPS. The firm's revenue for the quarter 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. On average, sell-side analysts anticipate that Shake Shack, Inc. will post 1.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SHAK shares. Bank of America lifted their price objective on Shake Shack from $134.00 to $148.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Jefferies Financial Group lowered Shake Shack from a "hold" rating to an "underperform" rating and lifted their price objective for the company from $100.00 to $120.00 in a research note on Thursday, July 17th. Sanford C. Bernstein set a $166.00 price target on Shake Shack and gave the stock an "overweight" rating in a research report on Thursday, June 26th. UBS Group reissued a "neutral" rating and set a $140.00 price target (up from $100.00) on shares of Shake Shack in a research report on Friday, July 25th. Finally, The Goldman Sachs Group lifted their price objective on Shake Shack from $120.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price 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.