Ieq Capital LLC Buys 2,846 Shares of Shake Shack, Inc. $SHAK

Key Points

• Ieq Capital LLC increased its stake in Shake Shack by 83.3%, owning 6,263 shares valued at $552,000 by the end of the quarter.
• Shake Shack reported earnings per share of $0.44, exceeding analysts' estimates of $0.37, with year-over-year revenue growth of 12.6%.
• Institutional investors currently hold 86.07% of Shake Shack's stock, with various firms, including Farther Finance Advisors LLC and Garde Capital Inc., significantly increasing their positions during the 1st quarter.

Ieq Capital LLC increased its holdings in Shake Shack, Inc. (NYSE:SHAK - Free Report) by 83.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,263 shares of the company's stock after buying an additional 2,846 shares during the quarter. Ieq Capital LLC's holdings in Shake Shack were worth $552,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its stake in Shake Shack by 939.3% in the first quarter. Farther Finance Advisors LLC now owns 291 shares of the company's stock valued at $26,000 after acquiring an additional 263 shares during the last quarter. Garde Capital Inc. bought a new position in Shake Shack during the first quarter worth about $35,000. Princeton Global Asset Management LLC bought a new position in Shake Shack during the first quarter worth about $44,000. Cooper Investors PTY Ltd. acquired a new position in shares of Shake Shack in the 1st quarter worth approximately $44,000. Finally, SRH Advisors LLC acquired a new position in shares of Shake Shack in the 1st quarter worth approximately $44,000. Institutional investors and hedge funds own 86.07% of the company's stock.

Insider Activity at Shake Shack

In related news, CFO Katherine Irene Fogertey sold 3,956 shares of the business's 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 sale, the chief financial officer owned 35,750 shares of the company's stock, valued at approximately $4,557,767.50. The trade was a 9.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel Harris Meyer sold 20,000 shares of the company's stock in a transaction on Thursday, June 26th. The shares were 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 of the company's stock, valued at $51,543,518.88. The trade was a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 57,211 shares of company stock worth $7,944,616 in the last 90 days. 8.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on SHAK. The Goldman Sachs Group upped their target price on shares of Shake Shack from $120.00 to $145.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Oppenheimer reaffirmed an "outperform" rating and set a $160.00 target price (up from $125.00) on shares of Shake Shack in a report on Thursday, June 26th. Bank of America boosted their target price on shares of Shake Shack from $134.00 to $148.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. KeyCorp began coverage on shares of Shake Shack in a report on Monday, June 2nd. They set a "sector weight" rating on the stock. Finally, BTIG Research lowered shares of Shake Shack from a "buy" rating to a "neutral" rating in a research note on Monday, June 2nd. One research 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 data from MarketBeat.com, Shake Shack presently has an average rating of "Hold" and an average price target of $133.05.

Shake Shack Price Performance

Shares of NYSE SHAK traded down $2.30 during mid-day trading on Monday, hitting $97.88. 751,837 shares of the company's stock traded hands, compared to its average volume of 1,444,789. The company's 50-day moving average is $121.53 and its two-hundred day moving average is $110.23. The company has a market capitalization of $4.18 billion, a P/E ratio of 212.70, a PEG 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. Shake Shack, Inc. has a 1 year low of $72.93 and a 1 year high of $144.65.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.44 earnings per share (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 in the prior year, the business posted $0.27 EPS. Shake Shack's revenue for the quarter was up 12.6% compared to the same quarter last year. Shake Shack has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts anticipate that Shake Shack, Inc. will post 1.26 EPS 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.