Public Employees Retirement System of Ohio Has $3.61 Million Stake in Shake Shack, Inc. $SHAK

Public Employees Retirement System of Ohio trimmed its stake in Shake Shack, Inc. (NYSE:SHAK) by 7.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,698 shares of the company’s stock after selling 2,204 shares during the period. Public Employees Retirement System of Ohio owned about 0.06% of Shake Shack worth $3,613,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in Shake Shack by 38.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,559 shares of the company’s stock worth $219,000 after acquiring an additional 436 shares during the period. Congress Park Capital LLC acquired a new stake in Shake Shack during the 2nd quarter worth about $211,000. Farther Finance Advisors LLC grew its holdings in Shake Shack by 167.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 779 shares of the company’s stock worth $110,000 after acquiring an additional 488 shares during the period. Cooper Investors PTY Ltd. grew its holdings in Shake Shack by 17,729.9% during the 2nd quarter. Cooper Investors PTY Ltd. now owns 89,506 shares of the company’s stock worth $12,585,000 after acquiring an additional 89,004 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Shake Shack by 12.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,227 shares of the company’s stock worth $1,026,000 after acquiring an additional 806 shares during the period. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Katherine Irene Fogertey sold 2,023 shares of the firm’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $141.28, for a total value of $285,809.44. Following the transaction, the chief financial officer owned 33,165 shares of the company’s stock, valued at approximately $4,685,551.20. This trade represents a 5.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.50% of the company’s stock.

Shake Shack Price Performance

Shares of NYSE SHAK opened at $93.48 on Wednesday. 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 cap of $3.99 billion, a price-to-earnings ratio of 203.22, a PEG ratio of 2.16 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. The firm’s 50-day simple moving average is $107.68 and its 200 day simple moving average is $110.04.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results 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 business had revenue of $356.47 million for the quarter, compared to analysts’ expectations of $352.56 million. During the same quarter last year, the firm earned $0.27 EPS. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. Shake Shack has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts anticipate that Shake Shack, Inc. will post 1.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on SHAK. Wells Fargo & Company increased their price target on Shake Shack from $115.00 to $125.00 and gave the stock an “equal weight” rating in a report on Thursday, July 17th. Jefferies Financial Group downgraded 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 report on Thursday, July 17th. Morgan Stanley increased their price objective on shares of Shake Shack from $122.00 to $126.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. Loop Capital reissued a “hold” rating and set a $127.00 price objective on shares of Shake Shack in a research report on Tuesday, July 8th. Finally, Sanford C. Bernstein set a $166.00 price objective on shares of Shake Shack and gave the stock an “overweight” rating in a research report on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $132.42.

Shake Shack 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.