Shake Shack, Inc. $SHAK Shares Sold by Truvestments Capital LLC

Key Points

• Truvestments Capital LLC reduced its stake in Shake Shack, Inc. by 35.5% during the first quarter, owning 7,825 shares valued at approximately $690,000 after selling 4,299 shares.
• Several other institutional investors significantly adjusted their positions, with Farther Finance Advisors LLC increasing its stake by 939.3%, now owning 291 shares valued at $26,000.
• Shake Shack reported earnings of $0.44 per share for the last quarter, exceeding analyst expectations, with revenue of $356.47 million, a 12.6% year-over-year increase.

Truvestments Capital LLC cut its stake in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) by 35.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,825 shares of the company's stock after selling 4,299 shares during the period. Truvestments Capital LLC's holdings in Shake Shack were worth $690,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SHAK. Farther Finance Advisors LLC increased its position in shares of Shake Shack by 939.3% during 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. acquired a new stake in shares of Shake Shack during the first quarter valued at about $35,000. Princeton Global Asset Management LLC acquired a new stake in shares of Shake Shack during the first quarter valued at about $44,000. Cooper Investors PTY Ltd. acquired a new stake in shares of Shake Shack during the first quarter valued at about $44,000. Finally, SRH Advisors LLC acquired a new stake in shares of Shake Shack during the first quarter valued at about $44,000. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Daniel Harris Meyer sold 20,000 shares of Shake Shack stock in a transaction that occurred 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 in the company, valued at $51,543,518.88. The trade was a 5.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Katherine Irene Fogertey sold 3,956 shares of Shake Shack stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $127.49, for a total transaction of $504,350.44. Following the completion of the transaction, the chief financial officer owned 35,750 shares of the company's stock, 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 valued at $11,849,216 in the last quarter. 8.50% of the stock is owned by insiders.

Shake Shack Trading Up 1.1%

Shares of SHAK stock opened at $106.79 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.89 and a current ratio of 1.92. The stock has a market capitalization of $4.56 billion, a P/E ratio of 232.16, a price-to-earnings-growth ratio of 2.41 and a beta of 1.82. The company has a 50 day moving average price of $125.74 and a 200 day moving average price of $110.57. Shake Shack, Inc. has a fifty-two week low of $72.93 and a fifty-two week high of $144.65.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.44 earnings per share 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 during the quarter, compared to analysts' expectations of $352.56 million. During the same quarter in the previous year, the business posted $0.27 earnings per share. The business's quarterly revenue 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. Equities research analysts predict that Shake Shack, Inc. will post 1.26 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. BTIG Research cut shares of Shake Shack from a "buy" rating to a "neutral" rating in a research report on Monday, June 2nd. UBS Group reiterated a "neutral" rating and set a $140.00 price target (up from $100.00) on shares of Shake Shack in a research report on Friday, July 25th. Sanford C. Bernstein set a $166.00 price objective on shares of Shake Shack and gave the company an "overweight" rating in a report on Thursday, June 26th. TD Cowen lifted their price objective on shares of Shake Shack from $105.00 to $110.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Finally, Oppenheimer restated an "outperform" rating and issued a $160.00 price objective (up previously from $125.00) 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $133.05.

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.

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