FNY Investment Advisers LLC Buys Shares of 8,542 Shake Shack, Inc. $SHAK

Key Points

• FNY Investment Advisers LLC acquired a stake in Shake Shack, purchasing 8,542 shares valued at approximately $1.2 million during the 2nd quarter.
• Shake Shack reported earnings of $0.44 EPS, which exceeded analysts' expectations, contributing to a revenue increase of 12.6% from the previous year.
• Wall Street analysts have mixed views on Shake Shack, with target prices varying significantly; the current consensus rating is a "Hold" with a target price of around $127.26.

FNY Investment Advisers LLC bought a new stake in Shake Shack, Inc. (NYSE:SHAK - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 8,542 shares of the company's stock, valued at approximately $1,201,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ameritas Advisory Services LLC purchased a new position in shares of Shake Shack in the 2nd quarter valued at approximately $31,000. Parallel Advisors LLC grew its stake in shares of Shake Shack by 679.4% in the 2nd quarter. Parallel Advisors LLC now owns 265 shares of the company's stock valued at $37,000 after purchasing an additional 231 shares during the last quarter. Farther Finance Advisors LLC grew 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 purchasing an additional 263 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Shake Shack in the 1st quarter valued at approximately $26,000. Finally, SRH Advisors LLC purchased a new position in shares of Shake Shack in the 1st quarter valued at approximately $44,000. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Shake Shack Stock Up 0.8%

SHAK opened at $93.38 on Wednesday. The business's fifty day moving average is $98.80 and its two-hundred day moving average is $110.33. 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 has a market cap of $3.99 billion, a price-to-earnings ratio of 203.00, a PEG ratio of 2.24 and a beta of 1.65. 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 posted its earnings results on Thursday, July 31st. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates 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%.Shake Shack's quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share. Shake Shack has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts anticipate that Shake Shack, Inc. will post 1.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SHAK has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on Shake Shack from $125.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 16th. Sanford C. Bernstein set a $166.00 price objective on Shake Shack and gave the stock an "overweight" rating in a report on Thursday, June 26th. The Goldman Sachs Group dropped their price objective on Shake Shack from $160.00 to $137.00 and set a "buy" rating on the stock in a report on Tuesday, September 30th. Truist Financial dropped their price objective on Shake Shack from $162.00 to $156.00 and set a "buy" rating on the stock in a report on Monday, September 29th. Finally, Bank of America reaffirmed an "underperform" rating and set a $86.00 price objective (down previously from $148.00) on shares of Shake Shack in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $127.26.

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.

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