Shake Shack, Inc. $SHAK Shares Sold by Hedges Asset Management LLC

Hedges Asset Management LLC decreased its holdings in Shake Shack, Inc. (NYSE:SHAK) by 37.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 13,025 shares of the company’s stock after selling 7,800 shares during the quarter. Shake Shack accounts for 1.5% of Hedges Asset Management LLC’s holdings, making the stock its 15th largest position. Hedges Asset Management LLC’s holdings in Shake Shack were worth $1,831,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its position in Shake Shack by 157.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,957 shares of the company’s stock worth $525,000 after buying an additional 3,642 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Shake Shack by 6.2% in the 4th quarter. Janus Henderson Group PLC now owns 17,064 shares of the company’s stock worth $2,216,000 after purchasing an additional 1,000 shares during the period. Bessemer Group Inc. boosted its stake in Shake Shack by 60.7% in the 1st quarter. Bessemer Group Inc. now owns 5,874 shares of the company’s stock worth $518,000 after purchasing an additional 2,218 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Shake Shack by 53.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,421 shares of the company’s stock worth $566,000 after purchasing an additional 2,229 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Shake Shack by 13,353.1% in the 1st quarter. GAMMA Investing LLC now owns 99,015 shares of the company’s stock worth $8,730,000 after purchasing an additional 98,279 shares during the period. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shake Shack Trading Down 3.1%

Shake Shack stock opened at $100.74 on Friday. The company’s fifty day simple moving average is $117.43 and its 200-day simple moving average is $109.83. The company has a quick ratio of 1.89, a current ratio of 1.92 and a debt-to-equity ratio of 0.48. Shake Shack, Inc. has a 12 month low of $72.93 and a 12 month high of $144.65. The stock has a market cap of $4.30 billion, a P/E ratio of 219.00, a P/E/G ratio of 2.37 and a beta of 1.68.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.44 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $352.56 million. During the same period in the previous year, the company posted $0.27 EPS. Shake Shack’s revenue 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. As a group, sell-side analysts forecast that Shake Shack, Inc. will post 1.26 EPS for the current fiscal year.

Insider Buying and Selling at Shake Shack

In related news, Director Daniel Harris Meyer sold 14,200 shares of Shake Shack stock in a transaction 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 owned 337,984 shares of the company’s stock, valued at approximately $47,422,535.04. The trade was a 4.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Katherine Irene Fogertey sold 670 shares of Shake Shack stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $140.03, for a total transaction of $93,820.10. Following the completion of the sale, the chief financial officer directly owned 32,495 shares of the company’s stock, valued at approximately $4,550,274.85. The trade was a 2.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,693 shares of company stock valued at $7,370,106. 8.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on SHAK shares. Jefferies Financial Group lowered shares of Shake Shack from a “hold” rating to an “underperform” rating and raised their price objective for the stock from $100.00 to $120.00 in a research note on Thursday, July 17th. BTIG Research lowered shares of Shake Shack from a “buy” rating to a “neutral” rating in a research note on Monday, June 2nd. Wells Fargo & Company raised their price objective on shares of 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 shares of Shake Shack from $122.00 to $126.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Finally, Oppenheimer reissued an “outperform” rating and set a $160.00 target price (up previously from $125.00) on shares of Shake Shack in a research note on Thursday, June 26th. One 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 company’s stock. According to MarketBeat.com, Shake Shack has a consensus 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.