Cooper Investors PTY Ltd. Raises Position in Shake Shack, Inc. $SHAK

Key Points

• Cooper Investors PTY Ltd. significantly increased its stake in Shake Shack, owning 89,506 shares worth approximately $12.59 million, representing a 17,729.9% increase in Q2 2023.
• Shake Shack's latest earnings report revealed a 12.6% revenue growth year-over-year, with earnings per share coming in at $0.44, exceeding estimates.
• Several research firms have updated their ratings on Shake Shack, with Barclays lowering its price target to $160 and Morgan Stanley raising it to $126, while the stock currently holds a consensus rating of "Hold."

Cooper Investors PTY Ltd. lifted its holdings in Shake Shack, Inc. (NYSE:SHAK - Free Report) by 17,729.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,506 shares of the company's stock after purchasing an additional 89,004 shares during the quarter. Shake Shack accounts for about 2.3% of Cooper Investors PTY Ltd.'s investment portfolio, making the stock its 15th biggest holding. Cooper Investors PTY Ltd. owned 0.21% of Shake Shack worth $12,585,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of Shake Shack by 157.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,957 shares of the company's stock worth $525,000 after purchasing an additional 3,642 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Shake Shack by 60.7% in the first quarter. Bessemer Group Inc. now owns 5,874 shares of the company's stock worth $518,000 after purchasing an additional 2,218 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Shake Shack by 53.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,421 shares of the company's stock worth $566,000 after purchasing an additional 2,229 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Shake Shack in the first quarter worth $1,167,000. Finally, GAMMA Investing LLC raised its stake in shares of Shake Shack by 13,353.1% in the first quarter. GAMMA Investing LLC now owns 99,015 shares of the company's stock worth $8,730,000 after purchasing an additional 98,279 shares during the last quarter. Hedge funds and other institutional investors own 86.07% of the company's stock.

Shake Shack Stock Performance

NYSE:SHAK traded down $0.98 during mid-day trading on Tuesday, hitting $99.42. 197,028 shares of the company traded hands, compared to its average volume of 1,433,551. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 216.09, a price-to-earnings-growth ratio of 2.27 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. The stock's fifty day moving average price is $112.56 and its 200-day moving average price is $109.86. Shake Shack, Inc. has a one year low of $72.93 and a one year high of $144.65.

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 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 analyst estimates of $352.56 million. Shake Shack had a return on equity of 9.78% and a net margin of 1.50%.The business's quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 earnings per share. Shake Shack has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that Shake Shack, Inc. will post 1.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SHAK shares. Loop Capital restated a "hold" rating and issued a $127.00 price target on shares of Shake Shack in a research note on Tuesday, July 8th. Morgan Stanley upped their price objective on Shake Shack from $122.00 to $126.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. TD Securities reiterated a "hold" rating and set a $105.00 price objective on shares of Shake Shack in a research report on Thursday, June 26th. Sanford C. Bernstein set a $166.00 price objective on Shake Shack and gave the company an "overweight" rating in a research report on Thursday, June 26th. Finally, Raymond James Financial reiterated a "strong-buy" rating and set a $160.00 price objective (down previously from $165.00) on shares of Shake Shack in a research report on Friday, August 1st. One 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $133.05.

Insider Transactions at Shake Shack

In related news, CFO Katherine Irene Fogertey sold 670 shares of the business's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $140.03, for a total value of $93,820.10. Following the sale, the chief financial officer directly owned 32,495 shares in the company, valued at approximately $4,550,274.85. The trade was a 2.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel Harris Meyer sold 14,200 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $140.31, for a total value of $1,992,402.00. Following the completion of the sale, the director owned 337,984 shares in the company, valued at $47,422,535.04. This represents a 4.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,693 shares of company stock worth $7,370,106 over the last quarter. 8.50% of the stock is owned by company insiders.

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.