Shake Shack, Inc. $SHAK Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. has reduced its stake in Shake Shack by 1.6%, selling 5,920 shares to hold 356,010 shares, valued at approximately $31.39 million.
• Shake Shack reported a 12.6% year-over-year increase in revenue, totaling $356.47 million for the quarter, and earnings per share of $0.44, exceeding estimates.
• Multiple analysts have adjusted their price targets for Shake Shack, with Bank of America increasing its target from $134 to $148, maintaining a "neutral" rating.

Charles Schwab Investment Management Inc. cut its stake in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 356,010 shares of the company's stock after selling 5,920 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.84% of Shake Shack worth $31,389,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of Shake Shack by 157.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,957 shares of the company's stock valued at $525,000 after buying an additional 3,642 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Shake Shack by 6.2% during the fourth quarter. Janus Henderson Group PLC now owns 17,064 shares of the company's stock valued at $2,216,000 after buying an additional 1,000 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Shake Shack by 60.7% during the first quarter. Bessemer Group Inc. now owns 5,874 shares of the company's stock valued at $518,000 after buying an additional 2,218 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Shake Shack by 53.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,421 shares of the company's stock valued at $566,000 after buying an additional 2,229 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Shake Shack by 13,353.1% during the first quarter. GAMMA Investing LLC now owns 99,015 shares of the company's stock valued at $8,730,000 after buying an additional 98,279 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SHAK has been the topic of several recent analyst reports. Robert W. Baird increased their price objective on Shake Shack from $85.00 to $90.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Barclays dropped their target price on Shake Shack from $168.00 to $160.00 and set an "overweight" rating on the stock in a research report on Friday, August 1st. Truist Financial raised their target price on Shake Shack from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Wells Fargo & Company raised their target price on Shake Shack from $115.00 to $125.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Finally, BTIG Research cut Shake Shack from a "buy" rating to a "neutral" rating in a research report on Monday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $132.15.

Shake Shack Stock Performance

Shares of NYSE SHAK traded up $3.2470 during trading on Friday, hitting $103.7870. The company had a trading volume of 1,160,899 shares, compared to its average volume of 1,877,093. The stock has a 50 day simple moving average of $127.01 and a 200 day simple moving average of $110.76. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.89 and a current ratio of 1.92. 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 $4.43 billion, a P/E ratio of 225.63, a price-to-earnings-growth ratio of 2.30 and a beta of 1.82.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its earnings results 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. The company had revenue of $356.47 million for the quarter, compared to the consensus estimate of $352.56 million. Shake Shack had a return on equity of 9.78% and a net margin of 1.50%.The firm's quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS. Shake Shack has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts anticipate that Shake Shack, Inc. will post 1.26 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Daniel Harris Meyer sold 20,000 shares of the business's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $140.07, for a total transaction of $2,801,400.00. Following the completion of the transaction, the director owned 367,984 shares in the company, valued at $51,543,518.88. The trade was a 5.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Katherine Irene Fogertey sold 3,956 shares of the company's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $127.49, for a total value of $504,350.44. Following the completion of the sale, the chief financial officer owned 35,750 shares of the company's stock, valued at $4,557,767.50. This represents a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,211 shares of company stock valued at $11,849,216. Company insiders own 8.50% of the company's stock.

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.