Farther Finance Advisors LLC Buys 488 Shares of Shake Shack, Inc. $SHAK

Farther Finance Advisors LLC grew its stake in Shake Shack, Inc. (NYSE:SHAK) by 167.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 779 shares of the company’s stock after acquiring an additional 488 shares during the period. Farther Finance Advisors LLC’s holdings in Shake Shack were worth $110,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SHAK. Geneos Wealth Management Inc. purchased a new stake in shares of Shake Shack in the 1st quarter worth approximately $26,000. Garde Capital Inc. acquired a new stake in shares of Shake Shack in the first quarter worth $35,000. Parallel Advisors LLC increased its stake in shares of Shake Shack by 679.4% in the second quarter. Parallel Advisors LLC now owns 265 shares of the company’s stock worth $37,000 after acquiring an additional 231 shares during the period. Cooper Investors PTY Ltd. acquired a new stake in Shake Shack during the first quarter valued at $44,000. Finally, Princeton Global Asset Management LLC acquired a new stake in Shake Shack during the first quarter valued at $44,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SHAK shares. Sanford C. Bernstein set a $166.00 price objective on shares of Shake Shack and gave the company an “overweight” rating in a report on Thursday, June 26th. UBS Group reaffirmed a “neutral” rating and set a $140.00 target price (up from $100.00) on shares of Shake Shack in a research note on Friday, July 25th. Truist Financial dropped their price target on shares of Shake Shack from $162.00 to $156.00 and set a “buy” rating for the company in a research report on Monday. Jefferies Financial Group cut shares of Shake Shack from a “hold” rating to an “underperform” rating and lifted their price target for the company from $100.00 to $120.00 in a research report on Thursday, July 17th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $160.00 price objective (down previously from $165.00) on shares of Shake Shack in a report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Shake Shack currently has an average rating of “Hold” and a consensus price target of $132.42.

Insider Buying and Selling

In related news, CFO Katherine Irene Fogertey sold 670 shares of the stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $140.03, for a total value of $93,820.10. Following the sale, the chief financial officer directly owned 32,495 shares of the company’s stock, valued at approximately $4,550,274.85. This represents a 2.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 8.50% of the company’s stock.

Shake Shack Stock Performance

Shares of SHAK opened at $96.89 on Friday. 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 stock has a market capitalization of $4.14 billion, a P/E ratio of 210.62, a P/E/G ratio of 2.15 and a beta of 1.65. The company’s fifty day moving average is $105.16 and its two-hundred day moving average is $110.04. Shake Shack, Inc. has a 1 year low of $72.93 and a 1 year high of $144.65.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.44 earnings per share (EPS) 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 company had revenue of $356.47 million for the quarter, compared to analysts’ expectations of $352.56 million. During the same period in the previous year, the company posted $0.27 EPS. 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. On average, sell-side analysts predict 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.