Jump Financial LLC Acquires New Position in Shake Shack, Inc. $SHAK

Key Points

• Jump Financial LLC acquired a new stake in Shake Shack, purchasing 193,540 shares valued at approximately $17 million, representing 0.46% of the company.
• Shake Shack's stock witnessed a 3.2% increase and currently trades around $103.79, with a market cap of $4.43 billion and a PE ratio of 225.63.
• Insider transactions included Director Daniel Harris Meyer selling 14,200 shares for nearly $2 million, reducing his stake by 4.03%.

Jump Financial LLC acquired a new position in Shake Shack, Inc. (NYSE:SHAK - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 193,540 shares of the company's stock, valued at approximately $17,064,000. Jump Financial LLC owned approximately 0.46% of Shake Shack at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. D.B. Root & Company LLC purchased a new stake in shares of Shake Shack in the first quarter worth $470,000. Ameriprise Financial Inc. increased its stake in shares of Shake Shack by 144.3% in the first quarter. Ameriprise Financial Inc. now owns 791,857 shares of the company's stock worth $69,805,000 after purchasing an additional 467,748 shares in the last quarter. Summit Financial LLC increased its stake in shares of Shake Shack by 0.7% in the first quarter. Summit Financial LLC now owns 13,180 shares of the company's stock worth $1,162,000 after purchasing an additional 97 shares in the last quarter. GDS Wealth Management grew its stake in Shake Shack by 503.5% during the first quarter. GDS Wealth Management now owns 86,162 shares of the company's stock valued at $7,597,000 after acquiring an additional 71,885 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in Shake Shack during the first quarter valued at $48,000. 86.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SHAK shares. Truist Financial raised their target price on shares of Shake Shack from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. raised their target price on shares of Shake Shack from $100.00 to $110.00 and gave the company an "underweight" rating in a research note on Wednesday, June 25th. TD Securities reaffirmed a "hold" rating and set a $105.00 target price on shares of Shake Shack in a research note on Thursday, June 26th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $160.00 target price (down from $165.00) on shares of Shake Shack in a research note on Friday, August 1st. Finally, Morgan Stanley raised their target price on shares of Shake Shack from $122.00 to $126.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $132.15.

Shake Shack Trading Up 0.1%

Shares of Shake Shack stock traded up $0.1210 during trading on Monday, hitting $104.1010. The stock had a trading volume of 1,059,986 shares, compared to its average volume of 1,887,538. The firm's fifty day simple moving average is $126.56 and its 200-day simple moving average is $110.63. The stock has a market cap of $4.44 billion, a PE ratio of 226.31, a PEG ratio of 2.37 and a beta of 1.82. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.92 and a quick ratio of 1.89. Shake Shack, Inc. has a 12 month low of $72.93 and a 12 month high of $144.65.

Shake Shack (NYSE:SHAK - Get Free Report) last released its earnings results 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. The firm had revenue of $356.47 million during the quarter, compared to analyst estimates of $352.56 million. Shake Shack had a net margin of 1.50% and a return on equity of 9.78%. The business's revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the business earned $0.27 EPS. Shake Shack has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Shake Shack, Inc. will post 1.26 EPS for the current fiscal year.

Insider Activity

In other news, CFO Katherine Irene Fogertey sold 670 shares of the firm's stock in a transaction dated Tuesday, July 8th. The shares were 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 in the company, valued at approximately $4,550,274.85. This trade represents a 2.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel Harris Meyer sold 14,200 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $140.31, for a total transaction of $1,992,402.00. Following the completion of the sale, the director 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 a total of 87,211 shares of company stock valued at $11,849,216 in the last 90 days. Company insiders own 8.50% of the company's stock.

Shake Shack Company 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.