Shake Shack, Inc. $SHAK Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its stake in Shake Shack, Inc. (NYSE:SHAK) by 92.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,429 shares of the company’s stock after selling 17,812 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Shake Shack were worth $201,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its stake in shares of Shake Shack by 939.3% in the 1st quarter. Farther Finance Advisors LLC now owns 291 shares of the company’s stock worth $26,000 after acquiring an additional 263 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in Shake Shack during the first quarter worth about $26,000. Garde Capital Inc. acquired a new stake in Shake Shack during the first quarter worth about $35,000. Parallel Advisors LLC increased its position in Shake Shack by 679.4% during the second quarter. Parallel Advisors LLC now owns 265 shares of the company’s stock worth $37,000 after purchasing an additional 231 shares during the last quarter. Finally, Princeton Global Asset Management LLC acquired a new stake in Shake Shack during the first quarter worth about $44,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Insider Buying and Selling

In related news, Director Daniel Harris Meyer sold 15,800 shares of Shake Shack stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $139.03, for a total value of $2,196,674.00. Following the completion of the transaction, the director owned 352,184 shares in the company, valued at $48,964,141.52. The trade was a 4.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Katherine Irene Fogertey sold 2,023 shares of Shake Shack stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $141.28, for a total transaction of $285,809.44. Following the completion of the transaction, the chief financial officer 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 disclosure for this sale can be found here. Insiders sold 32,693 shares of company stock valued at $4,568,706 in the last quarter. 8.50% of the stock is owned by insiders.

Shake Shack Price Performance

Shares of NYSE SHAK opened at $92.35 on Monday. The stock’s 50-day moving average is $109.29 and its two-hundred day moving average is $110.11. 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 1-year low of $72.93 and a 1-year high of $144.65. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 200.77, a price-to-earnings-growth ratio of 2.11 and a beta of 1.68.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $352.56 million. During the same quarter in the prior year, the business earned $0.27 EPS. Shake Shack’s 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. Analysts forecast that Shake Shack, Inc. will post 1.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SHAK. Bank of America raised their price objective on shares of Shake Shack from $134.00 to $148.00 and gave the stock a “neutral” rating in a research report on Friday, July 18th. UBS Group restated a “neutral” rating and issued a $140.00 price objective (up from $100.00) on shares of Shake Shack in a report on Friday, July 25th. Loop Capital restated a “hold” rating and set a $127.00 price target on shares of Shake Shack in a research report on Tuesday, July 8th. Jefferies Financial Group lowered Shake Shack from a “hold” rating to an “underperform” rating and increased their target price for the stock from $100.00 to $120.00 in a research note on Thursday, July 17th. Finally, Barclays decreased their target price on Shake Shack from $168.00 to $160.00 and set an “overweight” rating on the stock in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $133.05.

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.