Shake Shack, Inc. $SHAK Position Decreased by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. reduced its stake in Shake Shack, Inc. by 61.1%, selling 444,931 shares and now owning 283,717 shares valued at approximately $25 million.
• Insider selling was reported, with Director Daniel Harris Meyer selling 20,000 shares for around $2.8 million and CFO Katherine Irene Fogertey selling 3,956 shares for about $504,350.
• Shake Shack's recent earnings report showed EPS of $0.44, exceeding analysts' expectations, with revenue up **12.6%** year-over-year.

T. Rowe Price Investment Management Inc. decreased its holdings in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) by 61.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 283,717 shares of the company's stock after selling 444,931 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 0.67% of Shake Shack worth $25,016,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Shake Shack by 1.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,367 shares of the company's stock valued at $914,000 after purchasing an additional 133 shares in the last quarter. Xponance Inc. boosted its position in shares of Shake Shack by 5.9% during the 1st quarter. Xponance Inc. now owns 2,868 shares of the company's stock valued at $253,000 after purchasing an additional 159 shares in the last quarter. Aigen Investment Management LP boosted its position in shares of Shake Shack by 0.7% during the 1st quarter. Aigen Investment Management LP now owns 29,162 shares of the company's stock valued at $2,571,000 after purchasing an additional 198 shares in the last quarter. DAVENPORT & Co LLC boosted its position in shares of Shake Shack by 1.8% during the 1st quarter. DAVENPORT & Co LLC now owns 12,411 shares of the company's stock valued at $1,094,000 after purchasing an additional 225 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in Shake Shack by 10.8% during the fourth quarter. Captrust Financial Advisors now owns 2,501 shares of the company's stock valued at $325,000 after buying an additional 244 shares in the last quarter. Institutional investors own 86.07% of the company's stock.

Insider Buying and Selling

In related news, Director Daniel Harris Meyer sold 20,000 shares of the stock in a transaction that occurred 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 transaction, the director owned 367,984 shares in the company, valued at approximately $51,543,518.88. This represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Katherine Irene Fogertey sold 3,956 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 35,750 shares in the company, valued at $4,557,767.50. This represents a 9.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,211 shares of company stock worth $11,849,216 in the last 90 days. 8.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on SHAK shares. TD Cowen upped their price objective on shares of Shake Shack from $105.00 to $110.00 and gave the company a "hold" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. upped their price objective on shares of Shake Shack from $100.00 to $110.00 and gave the company an "underweight" rating in a research note on Wednesday, June 25th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $160.00 price objective (down from $165.00) on shares of Shake Shack in a research note on Friday, August 1st. Robert W. Baird upped their price objective on shares of Shake Shack from $85.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Finally, Truist Financial upped their price objective on shares of Shake Shack from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $132.15.

Shake Shack Price Performance

NYSE SHAK opened at $103.7870 on Friday. The company has a 50 day simple moving average of $127.01 and a 200-day simple moving average of $110.72. 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 $4.43 billion, a price-to-earnings ratio of 225.63, a price-to-earnings-growth ratio of 2.37 and a beta of 1.82. Shake Shack, Inc. has a 52-week low of $72.93 and a 52-week high of $144.65.

Shake Shack (NYSE:SHAK - Get Free Report) last posted 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 business had revenue of $356.47 million during the quarter, compared to analyst estimates 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 was up 12.6% compared to the same quarter last year. 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. Equities research analysts predict that Shake Shack, Inc. will post 1.26 earnings per share for the current fiscal year.

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.

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