Shake Shack, Inc. $SHAK Stake Cut by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC has significantly reduced its stake in Shake Shack, Inc. by 52.4%, now owning 5,470 shares worth approximately $482,000.
• Analyst ratings for Shake Shack show a mixed outlook, with several firms raising their price targets, while one analyst downgraded the stock from "hold" to "underperform."
• Shake Shack reported earnings per share (EPS) of $0.44, surpassing estimates, with a revenue increase of 12.6% year-over-year for the quarter.

Great Lakes Advisors LLC reduced its holdings in Shake Shack, Inc. (NYSE:SHAK - Free Report) by 52.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,470 shares of the company's stock after selling 6,025 shares during the period. Great Lakes Advisors LLC's holdings in Shake Shack were worth $482,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Summit Financial LLC raised its stake in shares of Shake Shack by 0.7% during the 1st quarter. Summit Financial LLC now owns 13,180 shares of the company's stock worth $1,162,000 after purchasing an additional 97 shares in the last quarter. Redwood Investments LLC raised its stake in shares of Shake Shack by 0.5% during the 1st quarter. Redwood Investments LLC now owns 23,231 shares of the company's stock worth $2,048,000 after purchasing an additional 110 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 worth $914,000 after purchasing an additional 133 shares in the last quarter. Xponance Inc. raised its stake in shares of Shake Shack by 5.9% during the 1st quarter. Xponance Inc. now owns 2,868 shares of the company's stock worth $253,000 after purchasing an additional 159 shares in the last quarter. Finally, Aigen Investment Management LP raised its stake 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 worth $2,571,000 after purchasing an additional 198 shares in the last quarter. 86.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SHAK shares. TD Cowen raised their price target on Shake Shack from $105.00 to $110.00 and gave the stock a "hold" rating in a research note on Thursday, July 31st. Jefferies Financial Group downgraded Shake Shack from a "hold" rating to an "underperform" rating and raised their price target for the stock from $100.00 to $120.00 in a research note on Thursday, July 17th. Wells Fargo & Company raised their price target on Shake Shack from $115.00 to $125.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. Morgan Stanley raised their price objective on Shake Shack from $122.00 to $126.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Finally, Sanford C. Bernstein set a $166.00 price objective on Shake Shack and gave the company an "overweight" rating in a research note on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $133.05.

Shake Shack Stock Down 3.1%

Shares of SHAK stock opened at $100.74 on Friday. The stock's 50 day simple moving average is $117.43 and its 200 day simple moving average is $109.83. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.89 and a current ratio of 1.92. Shake Shack, Inc. has a twelve month low of $72.93 and a twelve month high of $144.65. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 219.00, a PEG ratio of 2.37 and a beta of 1.68.

Shake Shack (NYSE:SHAK - Get Free Report) last released its 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. The firm had revenue of $356.47 million for the quarter, compared to analyst estimates of $352.56 million. Shake Shack had a return on equity of 9.78% and a net margin of 1.50%.The company's revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 EPS. Shake Shack has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts predict that Shake Shack, Inc. will post 1.26 EPS for the current year.

Insider Buying and Selling

In other Shake Shack news, CFO Katherine Irene Fogertey sold 670 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $140.03, for a total value of $93,820.10. Following the sale, the chief financial officer owned 32,495 shares of the company's stock, valued at $4,550,274.85. This trade represents a 2.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Daniel Harris Meyer sold 14,200 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $140.31, for a total value of $1,992,402.00. Following the completion of the sale, the director directly owned 337,984 shares in the company, valued at $47,422,535.04. This trade represents a 4.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,693 shares of company stock worth $7,370,106 in the last ninety days. Insiders own 8.50% of the company's stock.

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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