Graham Capital Management L.P. Invests $1.32 Million in Shake Shack, Inc. $SHAK

Key Points

• Graham Capital Management L.P. has invested approximately $1.32 million in Shake Shack by acquiring 14,969 shares of the company during the first quarter.
• Shake Shack reported a 12.6% year-over-year revenue increase for the last quarter, posting earnings of $0.44 per share, which beat analyst expectations of $0.37.
• Institutional investors own 86.07% of Shake Shack’s stock, indicating strong institutional interest and support for the company's performance and potential growth.

Graham Capital Management L.P. bought a new position in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 14,969 shares of the company's stock, valued at approximately $1,320,000.

Several other large investors also recently modified their holdings of the stock. Armistice Capital LLC boosted its stake in Shake Shack by 53.7% in the first quarter. Armistice Capital LLC now owns 285,021 shares of the company's stock valued at $25,130,000 after buying an additional 99,525 shares in the last quarter. Second Line Capital LLC acquired a new stake in Shake Shack in the first quarter valued at about $1,493,000. Panagora Asset Management Inc. boosted its stake in Shake Shack by 51.2% in the first quarter. Panagora Asset Management Inc. now owns 179,635 shares of the company's stock valued at $15,838,000 after buying an additional 60,802 shares in the last quarter. Aperture Investors LLC boosted its stake in Shake Shack by 43.8% in the first quarter. Aperture Investors LLC now owns 251,435 shares of the company's stock valued at $22,169,000 after buying an additional 76,638 shares in the last quarter. Finally, Champlain Investment Partners LLC boosted its stake in Shake Shack by 59.5% in the first quarter. Champlain Investment Partners LLC now owns 357,776 shares of the company's stock valued at $31,545,000 after buying an additional 133,440 shares in the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

Shake Shack Trading Down 0.3%

Shares of SHAK stock opened at $105.67 on Wednesday. The company has a market cap of $4.51 billion, a P/E ratio of 229.73, a PEG ratio of 2.42 and a beta of 1.68. The stock has a 50 day simple moving average of $123.60 and a two-hundred day simple moving average of $110.52. 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 fifty-two week low of $72.93 and a fifty-two week high of $144.65.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its earnings results 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 business had revenue of $356.47 million during 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%.The firm's revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the previous 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 forecast that Shake Shack, Inc. will post 1.26 earnings per share for the current year.

Insider Buying and Selling

In other Shake Shack news, CFO Katherine Irene Fogertey sold 670 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $140.03, for a total value of $93,820.10. Following the completion of the sale, the chief financial officer owned 32,495 shares of the company's stock, valued at approximately $4,550,274.85. This trade represents a 2.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel Harris Meyer sold 14,200 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were 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 directly owned 337,984 shares of the company's stock, valued at $47,422,535.04. This trade represents a 4.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 67,211 shares of company stock valued at $9,247,216 in the last three months. Insiders own 8.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SHAK. KeyCorp began coverage on Shake Shack in a research note on Monday, June 2nd. They issued a "sector weight" rating on the stock. Raymond James Financial reiterated a "strong-buy" rating and issued a $160.00 target price (down from $165.00) on shares of Shake Shack in a research report on Friday, August 1st. Truist Financial increased their target price on Shake Shack from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Morgan Stanley increased their target price 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. Finally, Oppenheimer reiterated an "outperform" rating and issued a $160.00 target price (up from $125.00) on shares of Shake Shack in a research report on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $133.05.

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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