Concentric Capital Strategies LP Decreases Stock Holdings in Shake Shack, Inc. $SHAK

Key Points

• Concentric Capital Strategies LP has significantly reduced its stake in Shake Shack, Inc., selling 32,197 shares and decreasing its holdings by 69.7% during the first quarter, leaving it with 13,998 shares valued at approximately $1.23 million.
• Multiple institutional investors adjusted their positions in Shake Shack, with Armistice Capital LLC increasing its stake by 53.7%, now owning 285,021 shares worth around $25.13 million.
• Shake Shack has seen a positive stock performance, recently reporting $0.44 EPS for the most recent quarter, surpassing analysts' expectations, and predicting a current year EPS of 1.26.

Concentric Capital Strategies LP lowered its stake in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) by 69.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,998 shares of the company's stock after selling 32,197 shares during the quarter. Concentric Capital Strategies LP's holdings in Shake Shack were worth $1,234,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Summit Financial LLC boosted its position in shares of Shake Shack by 0.7% in the first quarter. Summit Financial LLC now owns 13,180 shares of the company's stock valued at $1,162,000 after acquiring an additional 97 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Shake Shack by 1.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,367 shares of the company's stock valued at $914,000 after acquiring an additional 133 shares during the period. Xponance Inc. boosted its position in shares of Shake Shack by 5.9% in the first quarter. Xponance Inc. now owns 2,868 shares of the company's stock valued at $253,000 after acquiring an additional 159 shares during the period. Aigen Investment Management LP lifted its position in Shake Shack by 0.7% during the first quarter. Aigen Investment Management LP now owns 29,162 shares of the company's stock valued at $2,571,000 after purchasing an additional 198 shares during the last quarter. Finally, DAVENPORT & Co LLC lifted its position in Shake Shack by 1.8% during the first quarter. DAVENPORT & Co LLC now owns 12,411 shares of the company's stock valued at $1,094,000 after purchasing an additional 225 shares during the last quarter. Institutional investors own 86.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SHAK shares. BTIG Research lowered shares of Shake Shack from a "buy" rating to a "neutral" rating in a research report on Monday, June 2nd. Barclays dropped their target price on shares of Shake Shack from $168.00 to $160.00 and set an "overweight" rating for the company in a research report on Friday, August 1st. Morgan Stanley lifted their target price on shares of Shake Shack from $122.00 to $126.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. The Goldman Sachs Group lifted their price target on shares of Shake Shack from $120.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Truist Financial lifted their price target on shares of Shake Shack from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $133.05.

Insider Buying and Selling at Shake Shack

In related news, CFO Katherine Irene Fogertey sold 670 shares of Shake Shack stock in a transaction 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 sale, the chief financial officer owned 32,495 shares in the company, valued at $4,550,274.85. The trade was a 2.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Daniel Harris Meyer sold 14,200 shares of Shake Shack stock in a transaction on Wednesday, July 2nd. The shares were 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 in the company, valued at approximately $47,422,535.04. This trade represents a 4.03% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,211 shares of company stock worth $7,944,616. 8.50% of the stock is currently owned by company insiders.

Shake Shack Trading Down 2.7%

Shares of NYSE SHAK traded down $2.70 during mid-day trading on Monday, hitting $97.48. The stock had a trading volume of 1,508,688 shares, compared to its average volume of 1,448,904. 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 1 year low of $72.93 and a 1 year high of $144.65. The business has a 50 day moving average price of $121.53 and a two-hundred day moving average price of $110.23. The firm has a market cap of $4.16 billion, a P/E ratio of 211.92, a price-to-earnings-growth ratio of 2.29 and a beta of 1.68.

Shake Shack (NYSE:SHAK - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.07. The business had revenue of $356.47 million for the quarter, compared to analysts' expectations of $352.56 million. Shake Shack had a net margin of 1.50% and a return on equity of 9.78%. The firm's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 earnings per share. Shake Shack has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts anticipate that Shake Shack, Inc. will post 1.26 EPS for the current fiscal year.

About Shake Shack

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.