Spire Wealth Management Has $365,000 Stock Position in Shake Shack, Inc. $SHAK

Spire Wealth Management increased its position in shares of Shake Shack, Inc. (NYSE:SHAK) by 31.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,599 shares of the company’s stock after purchasing an additional 617 shares during the quarter. Spire Wealth Management’s holdings in Shake Shack were worth $365,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Summit Financial LLC increased its position in Shake Shack by 0.7% in the 1st quarter. Summit Financial LLC now owns 13,180 shares of the company’s stock valued at $1,162,000 after acquiring an additional 97 shares in the last quarter. Wealthcare Advisory Partners LLC increased its position in Shake Shack by 0.8% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 13,512 shares of the company’s stock valued at $1,900,000 after acquiring an additional 106 shares in the last quarter. Redwood Investments LLC increased its position in Shake Shack by 0.5% in the 1st quarter. Redwood Investments LLC now owns 23,231 shares of the company’s stock valued at $2,048,000 after acquiring an additional 110 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Shake Shack by 1.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,367 shares of the company’s stock valued at $914,000 after acquiring an additional 133 shares in the last quarter. Finally, Maryland State Retirement & Pension System increased its position in Shake Shack by 1.3% in the 2nd quarter. Maryland State Retirement & Pension System now owns 11,821 shares of the company’s stock valued at $1,662,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SHAK. Truist Financial lowered their price objective on shares of Shake Shack from $162.00 to $156.00 and set a “buy” rating for the company in a research report on Monday, September 29th. Barclays lowered their price objective on shares of Shake Shack from $160.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, October 22nd. Wells Fargo & Company lowered their price objective on shares of Shake Shack from $125.00 to $100.00 and set an “equal weight” rating for the company in a research report on Thursday, October 16th. TD Cowen raised their price objective on shares of Shake Shack from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Thursday, July 31st. Finally, Jefferies Financial Group lowered shares of Shake Shack from a “hold” rating to an “underperform” rating and raised their target price for the company from $100.00 to $120.00 in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $121.00.

Shake Shack Stock Up 5.8%

Shares of NYSE SHAK opened at $96.65 on Monday. The firm has a market capitalization of $4.13 billion, a PE ratio of 94.76, a price-to-earnings-growth ratio of 2.38 and a beta of 1.69. The company has a current ratio of 1.84, a quick ratio of 1.81 and a debt-to-equity ratio of 0.46. Shake Shack, Inc. has a 1 year low of $72.93 and a 1 year high of $144.65. The firm’s 50-day moving average is $96.81 and its 200-day moving average is $111.33.

Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, October 30th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.05. The company had revenue of $367.41 million for the quarter, compared to analyst estimates of $363.69 million. Shake Shack had a net margin of 3.10% and a return on equity of 10.43%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS. Shake Shack has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts expect that Shake Shack, Inc. will post 1.26 EPS for the current 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.