Sequoia Financial Advisors LLC Acquires New Stake in Shake Shack, Inc. $SHAK

Sequoia Financial Advisors LLC acquired a new stake in Shake Shack, Inc. (NYSE:SHAK) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,885 shares of the company’s stock, valued at approximately $265,000.

Several other institutional investors have also recently made changes to their positions in the stock. Summit Financial LLC lifted its position in shares of 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 acquiring an additional 97 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of Shake Shack by 0.8% during the second quarter. Wealthcare Advisory Partners LLC now owns 13,512 shares of the company’s stock worth $1,900,000 after acquiring an additional 106 shares in the last quarter. Redwood Investments LLC lifted its position in shares of 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 acquiring an additional 110 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of 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 acquiring an additional 133 shares in the last quarter. Finally, Maryland State Retirement & Pension System lifted its position in shares of Shake Shack by 1.3% during the second quarter. Maryland State Retirement & Pension System now owns 11,821 shares of the company’s stock worth $1,662,000 after acquiring an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SHAK shares. Morgan Stanley set a $115.00 target price on Shake Shack in a research report on Tuesday. TD Cowen increased their target price on Shake Shack from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Thursday, July 31st. The Goldman Sachs Group dropped their target price on Shake Shack from $160.00 to $137.00 and set a “buy” rating on the stock in a research report on Tuesday, September 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Shake Shack in a report on Wednesday, October 8th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $86.00 price target (down previously from $148.00) on shares of Shake Shack in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $124.89.

Shake Shack Stock Down 2.8%

SHAK opened at $90.89 on Thursday. The stock has a market cap of $3.88 billion, a PE ratio of 197.60, a P/E/G ratio of 2.26 and a beta of 1.65. The company has a quick ratio of 1.89, a current ratio of 1.92 and a debt-to-equity ratio of 0.48. Shake Shack, Inc. has a 52 week low of $72.93 and a 52 week high of $144.65. The business’s fifty day simple moving average is $98.45 and its 200 day simple moving average is $110.20.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, July 31st. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.07. The business had revenue of $356.47 million for the quarter, compared to analysts’ expectations of $352.56 million. Shake Shack had a return on equity of 9.78% and a net margin of 1.50%.The firm’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 earnings per share. Shake Shack has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts expect that Shake Shack, Inc. will post 1.26 earnings per share for the current fiscal year.

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.