Russell Investments Group Ltd. Sells 3,929 Shares of Shake Shack, Inc. $SHAK

Key Points

• Russell Investments Group Ltd. decreased its stake in Shake Shack by 18.3%, selling 3,929 shares and owning 17,539 shares with a value of approximately $1.5 million after the sale.
• Several hedge funds, including Farther Finance Advisors LLC, have significantly increased their holdings in Shake Shack, showing growing institutional interest with over 86% of the stock owned by institutional investors.
• Wall Street analysts have varied ratings on Shake Shack, with a consensus rating of "Hold" and a target price of $133.05, reflecting different outlooks on the company's future performance.

Russell Investments Group Ltd. cut its stake in Shake Shack, Inc. (NYSE:SHAK - Free Report) by 18.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,539 shares of the company's stock after selling 3,929 shares during the period. Russell Investments Group Ltd.'s holdings in Shake Shack were worth $1,546,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in 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 during the period. Garde Capital Inc. bought a new stake in Shake Shack in the 1st quarter valued at $35,000. Princeton Global Asset Management LLC bought a new stake in Shake Shack in the 1st quarter valued at $44,000. SRH Advisors LLC bought a new stake in Shake Shack in the 1st quarter valued at $44,000. Finally, Cooper Investors PTY Ltd. bought a new stake in Shake Shack in the 1st quarter valued at $44,000. 86.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SHAK. Wells Fargo & Company increased their price target on shares of Shake Shack from $115.00 to $125.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Jefferies Financial Group downgraded shares of Shake Shack from a "hold" rating to an "underperform" rating and raised their price objective for the stock from $100.00 to $120.00 in a report on Thursday, July 17th. Bank of America raised their price objective 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. TD Securities reaffirmed a "hold" rating and set a $105.00 price objective on shares of Shake Shack in a report on Thursday, June 26th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Shake Shack from $100.00 to $110.00 and gave the stock an "underweight" rating in a report on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $133.05.

Shake Shack Trading Up 1.1%

Shares of Shake Shack stock opened at $106.79 on Thursday. The stock has a market capitalization of $4.56 billion, a P/E ratio of 232.16, a price-to-earnings-growth ratio of 2.41 and a beta of 1.82. 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 50-day simple moving average of $125.74 and a 200 day simple moving average of $110.57. 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 announced its 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 business had revenue of $356.47 million during the quarter, compared to analysts' expectations of $352.56 million. Shake Shack had a net margin of 1.50% and a return on equity of 9.78%. The firm's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the company posted $0.27 EPS. Shake Shack has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts expect that Shake Shack, Inc. will post 1.26 earnings per share for the current fiscal year.

Insider Transactions at Shake Shack

In related news, CFO Katherine Irene Fogertey sold 670 shares of the stock in a transaction dated Tuesday, July 8th. The shares were 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 owned 32,495 shares in the company, valued at $4,550,274.85. This trade represents a 2.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Daniel Harris Meyer sold 14,200 shares of the 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 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 have sold a total of 87,211 shares of company stock valued at $11,849,216 in the last quarter. 8.50% of the stock is currently owned by corporate 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.

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