Aptus Capital Advisors LLC Takes $1.53 Million Position in Shake Shack, Inc. $SHAK

Aptus Capital Advisors LLC acquired a new stake in shares of Shake Shack, Inc. (NYSE:SHAK) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 17,388 shares of the company’s stock, valued at approximately $1,533,000.

A number of other hedge funds also recently made changes to their positions in the company. Invesco Ltd. raised its stake in shares of Shake Shack by 2.0% during the first quarter. Invesco Ltd. now owns 1,269,876 shares of the company’s stock valued at $111,965,000 after purchasing an additional 24,783 shares during the period. Balyasny Asset Management L.P. raised its stake in shares of Shake Shack by 17.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 894,286 shares of the company’s stock valued at $116,078,000 after purchasing an additional 134,475 shares during the period. Van Berkom & Associates Inc. raised its stake in shares of Shake Shack by 19.0% during the first quarter. Van Berkom & Associates Inc. now owns 785,594 shares of the company’s stock valued at $69,266,000 after purchasing an additional 125,357 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Shake Shack by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 760,595 shares of the company’s stock valued at $98,726,000 after purchasing an additional 19,320 shares during the period. Finally, Driehaus Capital Management LLC purchased a new stake in shares of Shake Shack during the fourth quarter valued at approximately $66,349,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Insider Buying and Selling at Shake Shack

In related news, Director Daniel Harris Meyer sold 20,000 shares of the firm’s stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $140.07, for a total transaction of $2,801,400.00. Following the transaction, the director directly owned 367,984 shares in the company, valued at $51,543,518.88. This trade represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Katherine Irene Fogertey sold 3,956 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer owned 35,750 shares in the company, valued at $4,557,767.50. This trade represents a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,211 shares of company stock worth $11,849,216 over the last 90 days. 8.50% of the stock is currently owned by company insiders.

Shake Shack Stock Performance

Shares of SHAK opened at $102.7170 on Thursday. The business’s fifty day moving average price is $127.96 and its 200 day moving average price is $110.97. Shake Shack, Inc. has a 12-month low of $72.93 and a 12-month high of $144.65. The stock has a market capitalization of $4.38 billion, a PE ratio of 223.30, a price-to-earnings-growth ratio of 2.39 and a beta of 1.82. 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 (NYSE:SHAK) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.07. Shake Shack had a return on equity of 9.78% and a net margin of 1.50%.The firm had revenue of $356.47 million for the quarter, compared to analysts’ expectations of $352.56 million. During the same period last year, the business posted $0.27 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts forecast that Shake Shack, Inc. will post 1.26 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SHAK shares. The Goldman Sachs Group lifted their price objective on shares of Shake Shack from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Truist Financial raised their price target on shares of Shake Shack from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Loop Capital reissued a “hold” rating and set a $127.00 price target on shares of Shake Shack in a research report on Tuesday, July 8th. Robert W. Baird raised their price target on shares of Shake Shack from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Finally, UBS Group reissued a “neutral” rating and set a $140.00 price target (up previously from $100.00) on shares of Shake Shack in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $132.15.

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.