Neuberger Berman Group LLC Boosts Holdings in Shake Shack, Inc. $SHAK

Key Points

• Neuberger Berman Group LLC increased its stake in Shake Shack by 16.9%, now owning approximately 0.43% of the company worth $16.25 million.
• Shake Shack insiders, including CFO Katherine Irene Fogertey, sold a total of 87,211 shares over the past ninety days, valued at approximately $11.85 million.
• Shake Shack reported earnings per share of $0.44 for the last quarter, exceeding analysts' expectations, with revenue reaching $356.47 million, representing a 12.6% increase year-over-year.

Neuberger Berman Group LLC boosted its stake in Shake Shack, Inc. (NYSE:SHAK - Free Report) by 16.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,313 shares of the company's stock after purchasing an additional 26,646 shares during the period. Neuberger Berman Group LLC owned about 0.43% of Shake Shack worth $16,251,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Envestnet Asset Management Inc. raised its stake in Shake Shack by 8.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 10,289 shares of the company's stock worth $1,336,000 after buying an additional 790 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of Shake Shack by 5.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,978 shares of the company's stock valued at $516,000 after buying an additional 209 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Shake Shack by 1,136.5% during the fourth quarter. NewEdge Advisors LLC now owns 2,065 shares of the company's stock valued at $268,000 after buying an additional 1,898 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Shake Shack by 18.8% during the fourth quarter. Canada Pension Plan Investment Board now owns 94,000 shares of the company's stock worth $12,201,000 after purchasing an additional 14,900 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Shake Shack by 29.4% during the fourth quarter. First Trust Advisors LP now owns 49,936 shares of the company's stock worth $6,482,000 after purchasing an additional 11,333 shares during the last quarter. Institutional investors own 86.07% of the company's stock.

Analysts Set New Price Targets

SHAK has been the topic of a number of research reports. Bank of America lifted their price target on shares of Shake Shack from $134.00 to $148.00 and gave the stock a "neutral" rating in a report on Friday, July 18th. Jefferies Financial Group lowered shares of Shake Shack from a "hold" rating to an "underperform" rating and lifted their price objective for the company from $100.00 to $120.00 in a research note on Thursday, July 17th. TD Securities reiterated a "hold" rating and issued a $105.00 price objective on shares of Shake Shack in a research note on Thursday, June 26th. Raymond James Financial reiterated a "strong-buy" rating and issued a $160.00 price objective (down from $165.00) on shares of Shake Shack in a research note on Friday, August 1st. Finally, Loop Capital reiterated a "hold" rating and issued a $127.00 price objective on shares of Shake Shack in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $132.15.

Shake Shack Trading Down 0.9%

Shares of NYSE:SHAK traded down $0.90 during midday trading on Tuesday, hitting $103.93. 528,199 shares of the stock traded hands, compared to its average volume of 1,469,281. The stock has a market capitalization of $4.44 billion, a PE ratio of 226.04, a P/E/G ratio of 2.43 and a beta of 1.82. The business's 50 day moving average is $128.88 and its two-hundred day moving average is $111.07. The company has a quick ratio of 1.89, a current ratio of 1.92 and a debt-to-equity ratio of 0.48. Shake Shack, Inc. has a one year low of $72.93 and a one year high of $144.65.

Shake Shack (NYSE:SHAK - Get Free Report) last released its quarterly 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. The company had revenue of $356.47 million during the quarter, compared to the consensus estimate of $352.56 million. Shake Shack had a net margin of 1.50% and a return on equity of 9.78%. Shake Shack's revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 earnings per share. Shake Shack has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts forecast that Shake Shack, Inc. will post 1.26 earnings per share for the current year.

Insider Activity at Shake Shack

In related news, Director Daniel Harris Meyer sold 20,000 shares of Shake Shack stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $140.07, for a total transaction of $2,801,400.00. Following the transaction, the director owned 367,984 shares in the company, valued at approximately $51,543,518.88. The trade was a 5.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Katherine Irene Fogertey sold 3,956 shares of Shake Shack stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $127.49, for a total transaction of $504,350.44. Following the completion of the sale, the chief financial officer owned 35,750 shares in the company, valued at approximately $4,557,767.50. This represents a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 87,211 shares of company stock worth $11,849,216 over the last quarter. 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.