Shake Shack, Inc. $SHAK Holdings Cut by Hedges Asset Management LLC

Key Points

• Hedges Asset Management LLC reduced its holdings in Shake Shack by 37.5%, dropping to 13,025 shares, which accounts for around 1.5% of its investment portfolio and is its 15th largest holding.
• Shake Shack posted a quarterly EPS of $0.44, surpassing analyst expectations, with revenues of $356.47 million, marking a 12.6% year-over-year increase.
• Analysts have mixed ratings on the stock, with a consensus target price of $133.05, indicating potential for growth but also caution, as reflected in the varied ratings from different financial firms.

Hedges Asset Management LLC lowered its holdings in Shake Shack, Inc. (NYSE:SHAK - Free Report) by 37.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,025 shares of the company's stock after selling 7,800 shares during the period. Shake Shack comprises about 1.5% of Hedges Asset Management LLC's investment portfolio, making the stock its 15th biggest holding. Hedges Asset Management LLC's holdings in Shake Shack were worth $1,831,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in Shake Shack by 939.3% in the first quarter. Farther Finance Advisors LLC now owns 291 shares of the company's stock worth $26,000 after acquiring an additional 263 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in Shake Shack in the first quarter worth about $26,000. Garde Capital Inc. bought a new position in Shake Shack in the first quarter worth about $35,000. Princeton Global Asset Management LLC bought a new position in Shake Shack in the first quarter worth about $44,000. Finally, Cooper Investors PTY Ltd. bought a new position in Shake Shack in the first quarter worth about $44,000. Institutional investors own 86.07% of the company's stock.

Shake Shack Price Performance

NYSE SHAK opened at $100.74 on Friday. 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. The firm has a market capitalization of $4.30 billion, a PE ratio of 219.00, a P/E/G ratio of 2.37 and a beta of 1.68. The company's 50 day simple moving average is $117.43 and its 200 day simple moving average is $109.83.

Shake Shack (NYSE:SHAK - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.07. Shake Shack had a net margin of 1.50% and a return on equity of 9.78%. The business had revenue of $356.47 million for the quarter, compared to analyst estimates of $352.56 million. During the same quarter last year, the business earned $0.27 earnings per share. 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. As a group, equities research analysts forecast that Shake Shack, Inc. will post 1.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SHAK has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on Shake Shack from $122.00 to $126.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. KeyCorp initiated coverage on Shake Shack in a report on Monday, June 2nd. They set a "sector weight" rating on the stock. Sanford C. Bernstein set a $166.00 price target on Shake Shack and gave the company an "overweight" rating in a report on Thursday, June 26th. BTIG Research cut Shake Shack from a "buy" rating to a "neutral" rating in a report on Monday, June 2nd. Finally, TD Securities reaffirmed a "hold" rating and set a $105.00 price target on shares of Shake Shack in a report on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $133.05.

Insider Buying and Selling

In other Shake Shack news, CFO Katherine Irene Fogertey sold 2,023 shares of Shake Shack stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $141.28, for a total value of $285,809.44. Following the transaction, the chief financial officer owned 33,165 shares in the company, valued at approximately $4,685,551.20. The trade was a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel Harris Meyer sold 20,000 shares of Shake Shack stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $140.07, for a total transaction of $2,801,400.00. Following the completion of the transaction, the director owned 367,984 shares in the company, valued at approximately $51,543,518.88. This trade represents a 5.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,693 shares of company stock worth $7,370,106 in the last quarter. Company insiders own 8.50% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.