Quantitative Investment Management LLC Takes Position in Shake Shack, Inc. $SHAK

Key Points

• Quantitative Investment Management LLC acquired 7,482 shares of Shake Shack, valued at approximately $659,000, during the first quarter.
• Shake Shack's stock opened at $104.10 and has a market cap of $4.44 billion, with a 52-week range between $72.93 and $144.65.
• Shake Shack reported an EPS of $0.44 for the last quarter, exceeding analyst expectations, and has projected an EPS of 1.26 for the current fiscal year.

Quantitative Investment Management LLC acquired a new stake in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,482 shares of the company's stock, valued at approximately $659,000.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of Shake Shack by 939.3% during the first quarter. Farther Finance Advisors LLC now owns 291 shares of the company's stock valued at $26,000 after purchasing an additional 263 shares during the period. Garde Capital Inc. purchased a new stake in shares of Shake Shack in the first quarter valued at about $35,000. Princeton Global Asset Management LLC purchased a new stake in shares of Shake Shack in the first quarter valued at about $44,000. Cooper Investors PTY Ltd. purchased a new stake in shares of Shake Shack in the first quarter valued at about $44,000. Finally, SRH Advisors LLC purchased a new stake in shares of Shake Shack in the first quarter valued at about $44,000. Institutional investors and hedge funds own 86.07% of the company's stock.

Shake Shack Price Performance

Shake Shack stock opened at $104.1010 on Tuesday. Shake Shack, Inc. has a 52 week low of $72.93 and a 52 week high of $144.65. The business has a 50-day simple moving average of $126.56 and a 200 day simple moving average of $110.63. 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 stock has a market cap of $4.44 billion, a price-to-earnings ratio of 226.31, a PEG ratio of 2.37 and a beta of 1.82.

Shake Shack (NYSE:SHAK - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.37 by $0.07. Shake Shack had a return on equity of 9.78% and a net margin of 1.50%.The business had revenue of $356.47 million during the quarter, compared to analysts' expectations of $352.56 million. During the same period in the previous year, the business earned $0.27 earnings per share. The firm's revenue was up 12.6% on a year-over-year basis. Shake Shack has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts forecast that Shake Shack, Inc. will post 1.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Shake Shack

In other news, 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 transaction, the director directly owned 337,984 shares of the company's stock, valued at approximately $47,422,535.04. This trade represents a 4.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Katherine Irene Fogertey sold 670 shares of the business'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 directly 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 position. The disclosure for this sale can be found here. Insiders sold 87,211 shares of company stock valued at $11,849,216 over the last three months. 8.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SHAK. The Goldman Sachs Group boosted their price target on shares of Shake Shack from $120.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Wells Fargo & Company lifted their price objective on Shake Shack from $115.00 to $125.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Sanford C. Bernstein set a $166.00 price objective on Shake Shack and gave the stock an "overweight" rating in a report on Thursday, June 26th. TD Cowen lifted their price objective on Shake Shack from $105.00 to $110.00 and gave the stock a "hold" rating in a report on Thursday, July 31st. Finally, Barclays decreased their price objective on Shake Shack from $168.00 to $160.00 and set an "overweight" rating for the company in a report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have issued a Hold rating and two have issued 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 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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