Wealth Enhancement Advisory Services LLC Boosts Stock Holdings in Shake Shack, Inc. $SHAK

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Shake Shack, Inc. (NYSE:SHAK) by 12.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,227 shares of the company’s stock after buying an additional 806 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Shake Shack were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Summit Financial LLC grew its position in Shake Shack by 0.7% during the first quarter. Summit Financial LLC now owns 13,180 shares of the company’s stock worth $1,162,000 after buying an additional 97 shares during the period. Redwood Investments LLC grew its position in Shake Shack by 0.5% during the first quarter. Redwood Investments LLC now owns 23,231 shares of the company’s stock worth $2,048,000 after buying an additional 110 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Shake Shack by 1.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,367 shares of the company’s stock worth $914,000 after buying an additional 133 shares during the period. Xponance Inc. grew its position in Shake Shack by 5.9% during the first quarter. Xponance Inc. now owns 2,868 shares of the company’s stock worth $253,000 after buying an additional 159 shares during the period. Finally, Aigen Investment Management LP grew its position in Shake Shack by 0.7% during the first quarter. Aigen Investment Management LP now owns 29,162 shares of the company’s stock worth $2,571,000 after buying an additional 198 shares during the period. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Shake Shack

In related news, CFO Katherine Irene Fogertey sold 670 shares of the firm’s stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $140.03, for a total transaction of $93,820.10. Following the sale, the chief financial officer owned 32,495 shares in the company, valued at approximately $4,550,274.85. This trade represents a 2.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Raymond James Financial restated a “strong-buy” rating and set a $160.00 target price (down from $165.00) on shares of Shake Shack in a research report on Friday, August 1st. TD Cowen increased their price target 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. Jefferies Financial Group lowered shares of Shake Shack from a “hold” rating to an “underperform” rating and increased their price target for the company from $100.00 to $120.00 in a research report on Thursday, July 17th. TD Securities reiterated a “hold” rating and issued a $105.00 price target on shares of Shake Shack in a research report on Thursday, June 26th. Finally, Wells Fargo & Company increased their price target on shares of Shake Shack from $115.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, July 17th. One equities research 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 given a Sell rating to the company. According to data from MarketBeat, Shake Shack presently has a consensus rating of “Hold” and an average target price of $132.42.

Shake Shack Stock Down 2.1%

Shares of NYSE SHAK opened at $91.60 on Thursday. 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 price is $106.75 and its 200 day moving average price is $109.91. The firm has a market cap of $3.91 billion, a P/E ratio of 199.14, a price-to-earnings-growth ratio of 2.13 and a beta of 1.66. 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 (NYSE:SHAK) last announced its earnings results on Thursday, July 31st. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.07. Shake Shack had a net margin of 1.50% and a return on equity of 9.78%. The firm had revenue of $356.47 million for the quarter, compared to analyst estimates of $352.56 million. During the same quarter last year, the business earned $0.27 earnings per share. Shake Shack’s revenue 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, sell-side analysts anticipate that Shake Shack, Inc. will post 1.26 earnings per share for the current year.

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.