Vanguard Group Inc. Sells 61,748 Shares of Shake Shack, Inc. $SHAK

Key Points

• Vanguard Group Inc. has reduced its holdings in Shake Shack, Inc. by 1.4%, now owning approximately 10.26% of the company, which is valued at nearly $384.8 million.
• Several institutional investors have increased their stakes, with Balyasny Asset Management raising their ownership by 17.7% and Van Berkom & Associates increasing theirs by 19.0%. Overall, 86.07% of the company’s stock is held by institutional investors.
• Shake Shack reported $0.44 earnings per share for the last quarter, surpassing analyst estimates, with revenue showing a year-over-year increase of 12.6%.

Vanguard Group Inc. trimmed its stake in Shake Shack, Inc. (NYSE:SHAK - Free Report) by 1.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,364,267 shares of the company's stock after selling 61,748 shares during the period. Vanguard Group Inc. owned 10.26% of Shake Shack worth $384,797,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHAK. Envestnet Asset Management Inc. grew its holdings in Shake Shack by 8.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 10,289 shares of the company's stock valued at $1,336,000 after buying an additional 790 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in Shake Shack by 5.5% in the 4th 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 Shake Shack by 1,136.5% in the 4th 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 grew its holdings in Shake Shack by 18.8% in the 4th quarter. Canada Pension Plan Investment Board now owns 94,000 shares of the company's stock valued at $12,201,000 after buying an additional 14,900 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in Shake Shack by 29.4% in the 4th quarter. First Trust Advisors LP now owns 49,936 shares of the company's stock valued at $6,482,000 after buying an additional 11,333 shares during the last quarter. Institutional investors and hedge funds own 86.07% of the company's stock.

Insider Buying and Selling at Shake Shack

In other news, CFO Katherine Irene Fogertey sold 3,956 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $127.49, for a total value of $504,350.44. Following the transaction, the chief financial officer directly owned 35,750 shares in the company, valued at $4,557,767.50. This trade represents a 9.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel Harris Meyer sold 20,000 shares of the firm's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $140.07, for a total value of $2,801,400.00. Following the completion of the transaction, the director owned 367,984 shares in the company, valued at $51,543,518.88. This represents a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 87,211 shares of company stock worth $11,849,216 over the last 90 days. 8.50% of the stock is owned by corporate insiders.

Shake Shack Trading Down 0.5%

Shares of NYSE SHAK traded down $0.5580 during midday trading on Tuesday, hitting $104.2720. The stock had a trading volume of 833,407 shares, compared to its average volume of 1,471,343. The company's 50-day simple moving average is $128.88 and its 200 day simple moving average is $111.07. The firm has a market cap of $4.45 billion, a P/E ratio of 226.68, a price-to-earnings-growth ratio of 2.43 and a beta of 1.82. Shake Shack, Inc. has a fifty-two week low of $72.93 and a fifty-two week 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 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 company had revenue of $356.47 million during the quarter, compared to analysts' expectations of $352.56 million. During the same period last year, the firm earned $0.27 EPS. The business's revenue for the quarter 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. Research analysts anticipate that Shake Shack, Inc. will post 1.26 EPS for the current year.

Wall Street Analysts Forecast Growth

SHAK has been the topic of a number of research analyst reports. UBS Group reaffirmed a "neutral" rating and issued a $140.00 target price (up previously from $100.00) on shares of Shake Shack in a report on Friday, July 25th. Wells Fargo & Company raised their price objective on Shake Shack from $115.00 to $125.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. TD Cowen raised their price objective on Shake Shack from $105.00 to $110.00 and gave the stock a "hold" rating in a research report on Thursday, July 31st. Jefferies Financial Group downgraded 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 research report on Thursday, July 17th. Finally, Raymond James Financial reiterated a "strong-buy" rating and issued a $160.00 price objective (down previously from $165.00) on shares of Shake Shack in a research report on Friday, August 1st. One investment 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. According to MarketBeat.com, Shake Shack has a consensus rating of "Hold" and an average price target of $132.15.

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.