Glenview Trust co Acquires Shares of 6,825 Shake Shack, Inc. $SHAK

Key Points

• Glenview Trust co has acquired 6,825 shares of Shake Shack, Inc. valued at approximately $602,000, indicating increased interest from institutional investors in the stock.
• Shake Shack's stock has experienced analyst upgrades, with TD Cowen raising their price target from $105 to $110 and Wells Fargo increasing theirs from $115 to $125, reflecting positive sentiment about the company's outlook.
• Insider transactions show significant sales, including a director selling 20,000 shares at an average price of $140.07, suggesting some financial maneuvering among company leaders.

Glenview Trust co acquired a new stake in Shake Shack, Inc. (NYSE:SHAK - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 6,825 shares of the company's stock, valued at approximately $602,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bayforest Capital Ltd raised its holdings in Shake Shack by 107.9% in the 1st quarter. Bayforest Capital Ltd now owns 3,767 shares of the company's stock valued at $332,000 after acquiring an additional 1,955 shares in the last quarter. United Services Automobile Association acquired a new position in Shake Shack in the 1st quarter valued at $219,000. Fred Alger Management LLC raised its holdings in Shake Shack by 7.0% in the 1st quarter. Fred Alger Management LLC now owns 123,544 shares of the company's stock valued at $10,893,000 after acquiring an additional 8,046 shares in the last quarter. Redwood Investments LLC raised its holdings in Shake Shack by 0.5% in the 1st quarter. Redwood Investments LLC now owns 23,231 shares of the company's stock valued at $2,048,000 after acquiring an additional 110 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of Shake Shack by 4,210.3% during the 1st quarter. Jones Financial Companies Lllp now owns 2,500 shares of the company's stock worth $220,000 after buying an additional 2,442 shares in the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SHAK has been the subject of a number of research analyst reports. TD Cowen boosted their price target on Shake Shack from $105.00 to $110.00 and gave the stock a "hold" rating in a report on Thursday, July 31st. KeyCorp initiated coverage on Shake Shack in a report on Monday, June 2nd. They set a "sector weight" rating for the company. Wells Fargo & Company boosted their price target on Shake Shack from $115.00 to $125.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Raymond James Financial reissued a "strong-buy" rating and set a $160.00 price target (down previously from $165.00) on shares of Shake Shack in a report on Friday, August 1st. Finally, Truist Financial boosted their price target on Shake Shack from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Shake Shack has an average rating of "Hold" and a consensus price target of $133.05.

Shake Shack Price Performance

Shares of SHAK opened at $103.83 on Friday. Shake Shack, Inc. has a 12-month low of $72.93 and a 12-month high of $144.65. The business has a 50-day simple moving average of $118.24 and a two-hundred day simple moving average of $109.90. 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 has a market cap of $4.43 billion, a PE ratio of 225.72, a PEG ratio of 2.23 and a beta of 1.68.

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, topping analysts' consensus estimates of $0.37 by $0.07. Shake Shack had a return on equity of 9.78% and a net margin of 1.50%.The business had revenue of $356.47 million during the quarter, compared to analysts' expectations of $352.56 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The business'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 anticipate that Shake Shack, Inc. will post 1.26 earnings per share for the current fiscal year.

Insider Transactions at Shake Shack

In other Shake Shack news, Director Daniel Harris Meyer sold 20,000 shares of the company's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $140.07, for a total value of $2,801,400.00. Following the completion of the transaction, the director owned 367,984 shares of the company's stock, valued at $51,543,518.88. This represents a 5.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Katherine Irene Fogertey sold 2,023 shares of the company's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $141.28, for a total value of $285,809.44. Following the completion of the transaction, the chief financial officer directly owned 33,165 shares of the company's stock, valued at approximately $4,685,551.20. The trade was a 5.75% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,693 shares of company stock valued at $7,370,106. Insiders own 8.50% of the company's stock.

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.

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