Shake Shack, Inc. $SHAK Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd cut its holdings in shares of Shake Shack, Inc. (NYSE:SHAK) by 65.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,270 shares of the company’s stock after selling 26,493 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Shake Shack were worth $1,262,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC purchased a new stake in shares of Shake Shack during the fourth quarter worth approximately $25,000. Geneos Wealth Management Inc. acquired a new position in Shake Shack during the first quarter worth about $26,000. Assetmark Inc. increased its stake in Shake Shack by 457.6% in the 4th quarter. Assetmark Inc. now owns 368 shares of the company’s stock valued at $30,000 after purchasing an additional 302 shares in the last quarter. UMB Bank n.a. raised its position in Shake Shack by 42.2% during the fourth quarter. UMB Bank n.a. now owns 391 shares of the company’s stock worth $32,000 after acquiring an additional 116 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Shake Shack during the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 86.07% of the company’s stock.

More Shake Shack News

Here are the key news stories impacting Shake Shack this week:

• Positive Sentiment: Shake Shack received some supportive attention from an article arguing the stock may be fairly valued after its sharp decline, which could help investors view the recent weakness as overdone. Shake Shack (SHAK) Stock Looks Fairly Valued After A 61% Fall
• Neutral Sentiment: National French Fry Day promotions highlighted Shake Shack among food deals and freebies, which may boost near-term traffic and brand visibility but is unlikely to materially change fundamentals on its own. It’s National French Fry Day! Here are All the Salty Deals and Freebies You Can Score
• Negative Sentiment: Zacks Research downgraded Shake Shack to strong sell, and also cut EPS estimates across several future periods, signaling softer earnings expectations and adding pressure to the stock. Zacks.com
• Negative Sentiment: Multiple Zacks revisions lowered forecast earnings for Q1 2027, Q2 2027, Q3 2027, Q4 2027, FY2027, Q1 2028, Q2 2028 and FY2028, reinforcing concerns that profit growth may be slowing versus prior expectations.
• Negative Sentiment: News that Dairy Queen hired a Shake Shack veteran to modernize its technology is more of a competitor-development story than a direct Shake Shack catalyst, but it may remind investors that peers are investing in operational improvements. Dairy Queen hires Shake Shack vet to modernize tech

Shake Shack Stock Performance

Shake Shack stock traded up $2.26 during mid-day trading on Friday, hitting $58.58. 2,467,131 shares of the company’s stock traded hands, compared to its average volume of 1,711,997. Shake Shack, Inc. has a one year low of $51.60 and a one year high of $142.20. The firm has a 50 day moving average price of $61.40 and a 200 day moving average price of $81.68. The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.45. The company has a market cap of $2.51 billion, a PE ratio of 59.78, a price-to-earnings-growth ratio of 2.50 and a beta of 1.63.

Insiders Place Their Bets

In related news, Director Josh Silverman purchased 8,290 shares of the company’s stock in a transaction on Friday, May 15th. The shares were bought at an average price of $60.38 per share, with a total value of $500,550.20. Following the completion of the acquisition, the director owned 8,290 shares of the company’s stock, valued at approximately $500,550.20. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Robert Lynch acquired 5,000 shares of Shake Shack stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $60.39 per share, with a total value of $301,950.00. Following the completion of the purchase, the chief executive officer directly owned 77,845 shares of the company’s stock, valued at approximately $4,701,059.55. This represents a 6.86% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have acquired 50,616 shares of company stock valued at $3,109,782. 8.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays cut their price target on Shake Shack from $118.00 to $96.00 and set an “overweight” rating for the company in a report on Friday, May 8th. DA Davidson reaffirmed a “buy” rating and set a $70.00 price target on shares of Shake Shack in a research report on Monday, June 29th. The Goldman Sachs Group reiterated a “buy” rating on shares of Shake Shack in a research note on Friday, May 8th. Piper Sandler set a $79.00 price target on shares of Shake Shack in a research note on Thursday, May 7th. Finally, Stifel Nicolaus raised Shake Shack from a “hold” rating to a “buy” rating and cut their target price for the company from $105.00 to $85.00 in a research report on Friday, May 8th. Fifteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $89.96.

About Shake Shack

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.