Shake Shack, Inc. $SHAK Stock Holdings Boosted by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its position in shares of Shake Shack, Inc. (NYSE:SHAK) by 10.5% in the 2nd quarter, Holdings Channel reports. The fund owned 10,758 shares of the company’s stock after buying an additional 1,021 shares during the period. D.A. Davidson & CO.’s holdings in Shake Shack were worth $1,513,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of SHAK. Nuveen LLC bought a new position in Shake Shack in the 1st quarter worth about $42,802,000. Ameriprise Financial Inc. grew its holdings in Shake Shack by 144.3% in the 1st quarter. Ameriprise Financial Inc. now owns 791,857 shares of the company’s stock worth $69,805,000 after buying an additional 467,748 shares in the last quarter. Jump Financial LLC bought a new position in Shake Shack in the 1st quarter worth approximately $17,064,000. Champlain Investment Partners LLC grew its holdings in Shake Shack by 59.5% in the 1st quarter. Champlain Investment Partners LLC now owns 357,776 shares of the company’s stock worth $31,545,000 after buying an additional 133,440 shares in the last quarter. Finally, Van Berkom & Associates Inc. grew its holdings in Shake Shack by 19.0% in the 1st quarter. Van Berkom & Associates Inc. now owns 785,594 shares of the company’s stock worth $69,266,000 after buying an additional 125,357 shares in the last quarter. Institutional investors own 86.07% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on SHAK. Jefferies Financial Group cut Shake Shack from a “hold” rating to an “underperform” rating and increased their price target for the stock from $100.00 to $120.00 in a research note on Thursday, July 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Shake Shack in a research report on Friday. Raymond James Financial reiterated a “strong-buy” rating and issued a $160.00 target price (down previously from $165.00) on shares of Shake Shack in a research report on Friday, August 1st. Morgan Stanley set a $115.00 target price on shares of Shake Shack in a research report on Tuesday, October 21st. Finally, TD Cowen increased their price objective on shares of Shake Shack from $105.00 to $110.00 and gave the company a “hold” rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $123.00.

Shake Shack Trading Up 0.5%

Shares of SHAK stock opened at $91.91 on Monday. The stock has a 50-day simple moving average of $97.87 and a 200 day simple moving average of $110.81. Shake Shack, Inc. has a fifty-two week low of $72.93 and a fifty-two week high of $144.65. The stock has a market capitalization of $3.92 billion, a P/E ratio of 199.82, a P/E/G ratio of 2.23 and a beta of 1.65. 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 (NYSE:SHAK) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.44 earnings per share 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 company had revenue of $356.47 million during the quarter, compared to analyst estimates of $352.56 million. During the same quarter last year, the firm posted $0.27 EPS. 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, sell-side analysts expect that Shake Shack, Inc. will post 1.26 earnings per share for the current fiscal year.

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.