Shake Shack, Inc. $SHAK Position Increased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Shake Shack by 2.0%, acquiring an additional 24,783 shares during the first quarter, bringing its total holdings to over 1.26 million shares valued at approximately $112 million.
• Shake Shack experienced a year-over-year revenue growth of 12.6%, reporting $356.47 million for the recent quarter, alongside an earnings per share (EPS) of $0.44, exceeding analyst expectations.
• Market analysts have mixed ratings on Shake Shack's stock, with a consensus rating of "Hold" and a price target average of $131.29, indicating varying opinions on its investment potential.

Invesco Ltd. raised its stake in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) by 2.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,269,876 shares of the company's stock after acquiring an additional 24,783 shares during the quarter. Invesco Ltd. owned approximately 2.99% of Shake Shack worth $111,965,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised 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 in the last quarter. Garde Capital Inc. bought a new position in Shake Shack during the 1st quarter worth $35,000. Princeton Global Asset Management LLC acquired a new stake in Shake Shack in the first quarter worth $44,000. SRH Advisors LLC bought a new stake in Shake Shack in the first quarter valued at $44,000. Finally, Cooper Investors PTY Ltd. bought a new stake in Shake Shack in the first quarter valued at $44,000. 86.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Loop Capital reissued a "hold" rating and set a $127.00 target price on shares of Shake Shack in a research note on Tuesday, July 8th. Jefferies Financial Group downgraded Shake Shack from a "hold" rating to an "underperform" rating and boosted their price objective for the stock from $100.00 to $120.00 in a research report on Thursday, July 17th. Truist Financial raised 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. TD Securities reissued a "hold" rating and issued a $105.00 price target on shares of Shake Shack in a research note on Thursday, June 26th. Finally, BTIG Research cut shares of Shake Shack from a "buy" rating to a "neutral" rating in a research note on Monday, June 2nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Shake Shack currently has an average rating of "Hold" and a consensus target price of $132.15.

Shake Shack Price Performance

Shake Shack stock traded down $0.5580 during midday trading on Tuesday, hitting $104.2720. The company's stock had a trading volume of 833,409 shares, compared to its average volume of 1,471,343. Shake Shack, Inc. has a 12 month low of $72.93 and a 12 month high of $144.65. 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 company has a market capitalization of $4.45 billion, a PE ratio of 226.68, a price-to-earnings-growth ratio of 2.43 and a beta of 1.82. The stock's 50-day moving average price is $128.88 and its 200-day moving average price is $111.07.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.44 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $352.56 million. During the same quarter in the previous year, the company posted $0.27 EPS. The business's revenue 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.

Insiders Place Their Bets

In other news, CFO Katherine Irene Fogertey sold 670 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $140.03, for a total transaction of $93,820.10. Following the completion of the sale, the chief financial officer directly owned 32,495 shares of the company's stock, valued at $4,550,274.85. This trade represents a 2.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Daniel Harris Meyer sold 14,200 shares of Shake Shack stock in a transaction on 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 transaction, the director owned 337,984 shares in the company, valued at $47,422,535.04. The trade was a 4.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 87,211 shares of company stock valued at $11,849,216 in the last quarter. 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.