3Chopt Investment Partners LLC Purchases Shares of 2,148 Shake Shack, Inc. $SHAK

3Chopt Investment Partners LLC bought a new position in shares of Shake Shack, Inc. (NYSE:SHAK) in the second quarter, HoldingsChannel reports. The firm bought 2,148 shares of the company’s stock, valued at approximately $302,000.

A number of other institutional investors also recently modified their holdings of the company. Maryland State Retirement & Pension System boosted its holdings in shares of Shake Shack by 1.3% during the second quarter. Maryland State Retirement & Pension System now owns 11,821 shares of the company’s stock worth $1,662,000 after purchasing an additional 150 shares during the period. KLP Kapitalforvaltning AS boosted its holdings in shares of Shake Shack by 8.2% during the second quarter. KLP Kapitalforvaltning AS now owns 7,900 shares of the company’s stock worth $1,111,000 after purchasing an additional 600 shares during the period. D.B. Root & Company LLC boosted its holdings in shares of Shake Shack by 15.7% during the second quarter. D.B. Root & Company LLC now owns 6,166 shares of the company’s stock worth $867,000 after purchasing an additional 837 shares during the period. DAVENPORT & Co LLC boosted its holdings in shares of Shake Shack by 4.9% during the second quarter. DAVENPORT & Co LLC now owns 13,021 shares of the company’s stock worth $1,831,000 after purchasing an additional 610 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its holdings in shares of Shake Shack by 0.8% during the second quarter. Wealthcare Advisory Partners LLC now owns 13,512 shares of the company’s stock worth $1,900,000 after purchasing an additional 106 shares during the period. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. TD Cowen increased their target price on shares of Shake Shack from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Thursday, July 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Shake Shack in a report on Wednesday. Sanford C. Bernstein set a $166.00 price objective on shares of Shake Shack and gave the stock an “overweight” rating in a report on Thursday, June 26th. 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 report on Thursday, July 17th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $160.00 price objective (down from $165.00) on shares of Shake Shack in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $129.16.

Shake Shack Stock Performance

Shares of SHAK opened at $86.75 on Friday. 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, Inc. has a one year low of $72.93 and a one year high of $144.65. The company has a 50-day simple moving average of $101.35 and a two-hundred day simple moving average of $110.01. The firm has a market capitalization of $3.70 billion, a PE ratio of 188.59, a price-to-earnings-growth ratio of 2.14 and a beta of 1.65.

Shake Shack (NYSE:SHAK) last announced its earnings results 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 business had revenue of $356.47 million during the quarter, compared to the consensus estimate of $352.56 million. During the same quarter last year, the firm earned $0.27 earnings per share. The business’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. On average, analysts anticipate that Shake Shack, Inc. will post 1.26 EPS for the current fiscal year.

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.