Kettle Hill Capital Management LLC Increases Holdings in Shake Shack, Inc. $SHAK

Key Points

• Kettle Hill Capital Management LLC increased its holdings in Shake Shack by 18%, now owning approximately 134,257 shares, constituting about 3.2% of its investment portfolio.
• Several institutional investors made significant moves in Shake Shack, with Farther Finance Advisors increasing its holdings by 939.3% and overall 86.07% of the stock being owned by hedge funds and other institutions.
• Shake Shack's earnings per share for the last quarter came in at $0.44, surpassing expectations, while the company reported a revenue of $356.47 million, reflecting a 12.6% increase year-over-year.

Kettle Hill Capital Management LLC increased its position in Shake Shack, Inc. (NYSE:SHAK - Free Report) by 18.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,257 shares of the company's stock after buying an additional 20,458 shares during the period. Shake Shack accounts for about 3.2% of Kettle Hill Capital Management LLC's investment portfolio, making the stock its 13th biggest position. Kettle Hill Capital Management LLC owned about 0.32% of Shake Shack worth $11,837,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Invesco Ltd. lifted its position in shares of Shake Shack by 2.0% in the first quarter. Invesco Ltd. now owns 1,269,876 shares of the company's stock worth $111,965,000 after buying an additional 24,783 shares in the last quarter. Ameriprise Financial Inc. lifted its position 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 buying an additional 467,748 shares in the last quarter. Van Berkom & Associates Inc. lifted its position in shares of Shake Shack by 19.0% in the first quarter. Van Berkom & Associates Inc. now owns 785,594 shares of the company's stock worth $69,266,000 after buying an additional 125,357 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Shake Shack in the fourth quarter worth about $66,349,000. Finally, Nuveen LLC purchased a new stake in shares of Shake Shack in the first quarter worth about $42,802,000. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Shake Shack Trading Down 1.6%

Shares of SHAK traded down $1.61 during mid-day trading on Friday, reaching $100.26. 1,857,142 shares of the company's stock traded hands, compared to its average volume of 1,091,324. The stock has a market cap of $4.28 billion, a P/E ratio of 217.97, a P/E/G ratio of 2.29 and a beta of 1.68. The stock's 50-day moving average is $121.53 and its two-hundred day moving average is $110.23. Shake Shack, Inc. has a 12 month low of $72.93 and a 12 month high of $144.65. 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 (NYSE:SHAK - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.07. The firm had revenue of $356.47 million for the quarter, compared to analysts' expectations of $352.56 million. Shake Shack had a return on equity of 9.78% and a net margin of 1.50%.The company's quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm 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 fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on SHAK. Bank of America boosted their target price on Shake Shack from $134.00 to $148.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. The Goldman Sachs Group boosted their price objective on Shake Shack from $120.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Truist Financial boosted their price objective on Shake Shack from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Wells Fargo & Company boosted their price objective on Shake Shack from $115.00 to $125.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. Finally, Morgan Stanley boosted their price objective on Shake Shack from $122.00 to $126.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Shake Shack currently has a consensus rating of "Hold" and a consensus target price of $133.05.

Insider Buying and Selling

In related news, Director Daniel Harris Meyer sold 14,200 shares of the business's stock in a transaction that occurred 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 sale, the director owned 337,984 shares in the company, valued at approximately $47,422,535.04. The trade was a 4.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Katherine Irene Fogertey sold 670 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at $4,550,274.85. The trade was a 2.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,211 shares of company stock valued at $7,944,616 in the last quarter. 8.50% of the stock is owned by company insiders.

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.