Strs Ohio Buys Shares of 64,800 Shake Shack, Inc. $SHAK

Key Points

• Strs Ohio has acquired a new stake in Shake Shack, purchasing 64,800 shares valued at approximately $5.7 million, representing about 0.15% of the company's stock.
• Several institutional investors have recently increased their holdings in Shake Shack, with 86.07% of the stock currently owned by institutional investors.
• Analyst ratings for Shake Shack vary, with a consensus rating of "Hold" and an average price target of $133.05, while the company's stock is currently down 3.1%.

Strs Ohio bought a new stake in shares of Shake Shack, Inc. (NYSE:SHAK - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 64,800 shares of the company's stock, valued at approximately $5,713,000. Strs Ohio owned approximately 0.15% of Shake Shack at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in 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 buying an additional 263 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in Shake Shack during the first quarter valued at about $26,000. Garde Capital Inc. bought a new position in Shake Shack during the first quarter valued at about $35,000. Princeton Global Asset Management LLC bought a new position in Shake Shack during the first quarter valued at about $44,000. Finally, SRH Advisors LLC bought a new position in Shake Shack during the first quarter valued at about $44,000. 86.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SHAK has been the topic of several recent research reports. Raymond James Financial restated a "strong-buy" rating and set a $160.00 target price (down from $165.00) on shares of Shake Shack in a report on Friday, August 1st. The Goldman Sachs Group raised their price target on Shake Shack from $120.00 to $145.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Jefferies Financial Group downgraded Shake Shack from a "hold" rating to an "underperform" rating and raised their price target for the company from $100.00 to $120.00 in a research report on Thursday, July 17th. Sanford C. Bernstein set a $166.00 price target on Shake Shack and gave the company an "overweight" rating in a research report on Thursday, June 26th. Finally, Loop Capital reaffirmed a "hold" rating and issued a $127.00 price target on shares of Shake Shack in a research report on Tuesday, July 8th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $133.05.

Shake Shack Stock Down 3.1%

NYSE SHAK opened at $100.74 on Monday. The company has a current ratio of 1.92, a quick ratio of 1.89 and a debt-to-equity ratio of 0.48. The stock's 50 day moving average is $117.43 and its two-hundred day moving average is $109.85. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 219.00, a PEG ratio of 2.30 and a beta of 1.68. 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 posted 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. Shake Shack had a net margin of 1.50% and a return on equity of 9.78%. The company 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 company posted $0.27 earnings per share. Shake Shack'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 analysts forecast that Shake Shack, Inc. will post 1.26 earnings per share for the current fiscal year.

Insider Activity at Shake Shack

In related news, CFO Katherine Irene Fogertey sold 2,023 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $141.28, for a total value of $285,809.44. Following the completion of the transaction, the chief financial officer owned 33,165 shares in the company, valued at $4,685,551.20. The trade was a 5.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction of $2,801,400.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 52,693 shares of company stock valued at $7,370,106 in the last 90 days. 8.50% of the stock is currently owned by corporate insiders.

Shake Shack 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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