Amundi Lowers Holdings in Shake Shack, Inc. $SHAK

Amundi decreased its holdings in Shake Shack, Inc. (NYSE:SHAK) by 20.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,050 shares of the company’s stock after selling 4,846 shares during the quarter. Amundi’s holdings in Shake Shack were worth $1,604,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in Shake Shack by 939.3% in the 1st quarter. Farther Finance Advisors LLC now owns 291 shares of the company’s stock valued at $26,000 after buying an additional 263 shares during the period. Garde Capital Inc. purchased a new stake in Shake Shack in the 1st quarter valued at about $35,000. Princeton Global Asset Management LLC purchased a new stake in Shake Shack in the 1st quarter valued at about $44,000. SRH Advisors LLC purchased a new stake in Shake Shack in the 1st quarter valued at about $44,000. Finally, Cooper Investors PTY Ltd. purchased a new stake in Shake Shack in the 1st quarter valued at about $44,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Shake Shack Stock Performance

Shake Shack stock opened at $100.74 on Friday. The stock’s 50 day moving average price is $117.43 and its 200 day moving average price is $109.83. The firm has a market capitalization of $4.30 billion, a PE ratio of 219.00, a price-to-earnings-growth ratio of 2.37 and a beta of 1.68. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.89 and a current ratio of 1.92. Shake Shack, Inc. has a one year low of $72.93 and a one year high of $144.65.

Shake Shack (NYSE:SHAK) last announced its earnings results on Thursday, July 31st. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.07. Shake Shack had a return on equity of 9.78% and a net margin of 1.50%.The company had revenue of $356.47 million for the quarter, compared to analyst estimates of $352.56 million. During the same period in the prior year, the company posted $0.27 EPS. Shake Shack’s quarterly 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 expect that Shake Shack, Inc. will post 1.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SHAK shares. BTIG Research cut Shake Shack from a “buy” rating to a “neutral” rating in a report on Monday, June 2nd. TD Securities reiterated a “hold” rating and set a $105.00 target price on shares of Shake Shack in a report on Thursday, June 26th. Bank of America boosted their target price on Shake Shack from $134.00 to $148.00 and gave the stock a “neutral” rating in a report on Friday, July 18th. Raymond James Financial reiterated a “strong-buy” rating and set a $160.00 target price (down previously from $165.00) on shares of Shake Shack in a report on Friday, August 1st. Finally, KeyCorp started coverage on Shake Shack in a report on Monday, June 2nd. They set a “sector weight” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $133.05.

Insider Buying and Selling

In other Shake Shack news, CFO Katherine Irene Fogertey sold 2,023 shares of the company’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $141.28, for a total value of $285,809.44. Following the transaction, the chief financial officer directly owned 33,165 shares of the company’s stock, valued at $4,685,551.20. This represents a 5.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Daniel Harris Meyer sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $140.07, for a total value of $2,801,400.00. Following the sale, the director directly owned 367,984 shares in the company, valued at approximately $51,543,518.88. This represents a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,693 shares of company stock worth $7,370,106. 8.50% of the stock is currently owned by corporate insiders.

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.