D.B. Root & Company LLC Makes New $470,000 Investment in Shake Shack, Inc. $SHAK

Key Points

• D.B. Root & Company LLC acquired a new stake in Shake Shack, Inc. during the first quarter, purchasing 5,329 shares valued at approximately $470,000.
• Shake Shack reported better-than-expected quarterly earnings of $0.44 per share, surpassing the consensus estimate by $0.07, with revenue up 12.6% year over year.
• Institutional investors now own 86.07% of Shake Shack's stock, indicating strong institutional interest in the company.

D.B. Root & Company LLC acquired a new stake in Shake Shack, Inc. (NYSE:SHAK - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 5,329 shares of the company's stock, valued at approximately $470,000.

A number of other large investors also recently bought and sold shares of the company. Driehaus Capital Management LLC acquired a new position in shares of Shake Shack during the fourth quarter worth about $66,349,000. Nuveen LLC acquired a new stake in Shake Shack in the first quarter valued at about $42,802,000. Ameriprise Financial Inc. boosted its holdings in 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. Balyasny Asset Management L.P. increased its position in Shake Shack by 17.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 894,286 shares of the company's stock worth $116,078,000 after purchasing an additional 134,475 shares during the period. Finally, Interval Partners LP acquired a new position in Shake Shack during the 4th quarter worth approximately $16,788,000. Hedge funds and other institutional investors own 86.07% of the company's stock.

Shake Shack Price Performance

NYSE SHAK traded up $3.2470 during trading hours on Friday, reaching $103.7870. The company's stock had a trading volume of 1,160,899 shares, compared to its average volume of 1,887,538. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.89 and a current ratio of 1.92. The company's 50-day moving average is $127.01 and its two-hundred day moving average is $110.69. Shake Shack, Inc. has a fifty-two week low of $72.93 and a fifty-two week high of $144.65. The stock has a market cap of $4.43 billion, a PE ratio of 225.63, a PEG ratio of 2.37 and a beta of 1.82.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its quarterly 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. 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 for the quarter, compared to the consensus estimate of $352.56 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The company's revenue for the quarter was up 12.6% compared to the same quarter last year. Shake Shack has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts forecast that Shake Shack, Inc. will post 1.26 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the company. The Goldman Sachs Group raised their price target on Shake Shack from $120.00 to $145.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. TD Cowen raised their target price on Shake Shack from $105.00 to $110.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Barclays lowered their price target on shares of Shake Shack from $168.00 to $160.00 and set an "overweight" rating on the stock in a research note on Friday, August 1st. Raymond James Financial reiterated a "strong-buy" rating and issued a $160.00 price target (down previously from $165.00) on shares of Shake Shack in a report on Friday, August 1st. Finally, Oppenheimer reiterated an "outperform" rating and issued a $160.00 price objective (up previously from $125.00) on shares of Shake Shack in a research note on Thursday, June 26th. 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, Shake Shack presently has an average rating of "Hold" and an average price target of $132.15.

Insiders Place Their Bets

In related news, Director Daniel Harris Meyer sold 20,000 shares of Shake Shack stock in a transaction dated 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 sale, the director owned 367,984 shares in the company, valued at approximately $51,543,518.88. This trade represents a 5.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction 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 $4,557,767.50. The trade was a 9.96% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,211 shares of company stock valued at $11,849,216. 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.