EFG Asset Management North America Corp. Boosts Holdings in Shake Shack, Inc. $SHAK

Key Points

• EFG Asset Management North America Corp. increased its stake in Shake Shack, Inc. ($SHAK) by 14.3%, owning approximately 40,969 shares valued at $3.6 million after a recent purchase.
• Shake Shack reported $0.44 EPS for the last quarter, exceeding analysts' estimates and achieving a 12.6% year-over-year revenue growth of $356.47 million.
• Institutional investors now hold 86.07% of Shake Shack's shares, indicating strong institutional interest in the company.

EFG Asset Management North America Corp. lifted its position in Shake Shack, Inc. (NYSE:SHAK - Free Report) by 14.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 40,969 shares of the company's stock after purchasing an additional 5,117 shares during the period. EFG Asset Management North America Corp. owned about 0.10% of Shake Shack worth $3,613,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bosun Asset Management LLC bought a new position in shares of Shake Shack in the first quarter worth approximately $402,000. AQR Capital Management LLC grew its holdings in shares of Shake Shack by 29.3% in the first quarter. AQR Capital Management LLC now owns 67,850 shares of the company's stock worth $5,982,000 after purchasing an additional 15,361 shares during the last quarter. PDT Partners LLC grew its holdings in shares of Shake Shack by 4.9% in the first quarter. PDT Partners LLC now owns 10,000 shares of the company's stock worth $882,000 after purchasing an additional 464 shares during the last quarter. Graham Capital Management L.P. bought a new position in shares of Shake Shack in the first quarter worth approximately $1,320,000. Finally, Armistice Capital LLC grew its holdings in shares of Shake Shack by 53.7% in the first quarter. Armistice Capital LLC now owns 285,021 shares of the company's stock worth $25,130,000 after purchasing an additional 99,525 shares during the last quarter. Institutional investors own 86.07% of the company's stock.

Insiders Place Their Bets

In other news, Director Daniel Harris Meyer sold 14,200 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were 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 in the company, valued at approximately $47,422,535.04. The trade was a 4.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Katherine Irene Fogertey sold 670 shares of the business's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $140.03, for a total transaction of $93,820.10. Following the sale, the chief financial officer owned 32,495 shares in the company, 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. In the last 90 days, insiders have sold 57,211 shares of company stock worth $7,944,616. Company insiders own 8.50% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SHAK. The Goldman Sachs Group raised their target price 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. Raymond James Financial reiterated a "strong-buy" rating and issued a $160.00 price target (down previously from $165.00) on shares of Shake Shack in a report on Friday, August 1st. Sanford C. Bernstein set a $166.00 price target on shares of Shake Shack and gave the company an "overweight" rating in a report on Thursday, June 26th. JPMorgan Chase & Co. lifted their price target on shares of Shake Shack from $100.00 to $110.00 and gave the company an "underweight" rating in a report on Wednesday, June 25th. Finally, TD Securities reiterated a "hold" rating and issued 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 issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $133.05.

Shake Shack Trading Down 2.7%

NYSE:SHAK traded down $2.70 during trading hours on Monday, hitting $97.48. The company had a trading volume of 1,508,649 shares, compared to its average volume of 1,449,489. Shake Shack, Inc. has a 52 week low of $72.93 and a 52 week high of $144.65. The company has a market capitalization of $4.16 billion, a PE ratio of 211.92, a price-to-earnings-growth ratio of 2.29 and a beta of 1.68. 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 stock has a 50-day moving average price of $121.53 and a 200 day moving average price of $110.23.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its earnings results 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 firm had revenue of $356.47 million for the quarter, compared to analysts' expectations of $352.56 million. During the same quarter in the previous year, the business posted $0.27 EPS. The company's quarterly 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, equities research analysts predict that Shake Shack, Inc. will post 1.26 EPS for the current fiscal year.

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.