Champlain Investment Partners LLC Grows Stock Position in Shake Shack, Inc. $SHAK

Key Points

• Champlain Investment Partners LLC increased its stake in Shake Shack, Inc. by 59.5%, owning 357,776 shares valued at approximately $31.5 million after purchasing 133,440 additional shares in the first quarter.
• A number of other hedge funds also increased their positions in Shake Shack, contributing to institutional investors owning 86.07% of the company's stock.
• Equities research analysts have mixed ratings for Shake Shack, with a consensus rating of "Hold" and an average price target of $133.05, reflecting diverse outlooks on the stock's future performance.

Champlain Investment Partners LLC increased its stake in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) by 59.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 357,776 shares of the company's stock after purchasing an additional 133,440 shares during the quarter. Champlain Investment Partners LLC owned 0.84% of Shake Shack worth $31,545,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in shares of Shake Shack by 939.3% in the 1st quarter. Farther Finance Advisors LLC now owns 291 shares of the company's stock valued at $26,000 after buying an additional 263 shares during the period. Garde Capital Inc. acquired a new stake in Shake Shack in the first quarter valued at approximately $35,000. Princeton Global Asset Management LLC purchased a new position in Shake Shack in the first quarter worth approximately $44,000. Cooper Investors PTY Ltd. purchased a new position in Shake Shack in the first quarter worth approximately $44,000. Finally, SRH Advisors LLC acquired a new position in Shake Shack during the 1st quarter worth approximately $44,000. Institutional investors and hedge funds own 86.07% of the company's stock.

Insider Buying and Selling

In other news, Director Daniel Harris Meyer sold 20,000 shares of the stock in a transaction that occurred on 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 directly owned 367,984 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Katherine Irene Fogertey sold 3,956 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $127.49, for a total transaction of $504,350.44. Following the transaction, the chief financial officer owned 35,750 shares in the company, valued at approximately $4,557,767.50. This trade represents 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 87,211 shares of company stock worth $11,849,216 in the last 90 days. 8.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SHAK shares. JPMorgan Chase & Co. raised their price objective on shares of Shake Shack from $100.00 to $110.00 and gave the company an "underweight" rating in a report on Wednesday, June 25th. Truist Financial increased their target price on Shake Shack from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. KeyCorp began coverage on Shake Shack in a research note on Monday, June 2nd. They issued a "sector weight" rating on the stock. TD Securities reaffirmed a "hold" rating and set a $105.00 price target on shares of Shake Shack in a report on Thursday, June 26th. Finally, UBS Group reaffirmed a "neutral" rating and set a $140.00 price objective (up from $100.00) on shares of Shake Shack in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $133.05.

Shake Shack Price Performance

Shares of NYSE:SHAK opened at $106.79 on Thursday. Shake Shack, Inc. has a 12 month low of $72.93 and a 12 month high of $144.65. The firm has a market capitalization of $4.56 billion, a P/E ratio of 232.16, a P/E/G ratio of 2.41 and a beta of 1.82. 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 company's fifty day moving average price is $125.74 and its 200 day moving average price is $110.57.

Shake Shack (NYSE:SHAK - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.44 earnings per share (EPS) for the quarter, beating 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 company had revenue of $356.47 million during the quarter, compared to the consensus estimate of $352.56 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Shake Shack'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. As a group, sell-side analysts predict that Shake Shack, Inc. will post 1.26 earnings per share for the current fiscal year.

Shake Shack 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.