Mutual of America Capital Management LLC Sells 662 Shares of Shake Shack, Inc. $SHAK

Mutual of America Capital Management LLC lessened its position in shares of Shake Shack, Inc. (NYSE:SHAK) by 11.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,167 shares of the company’s stock after selling 662 shares during the period. Mutual of America Capital Management LLC’s holdings in Shake Shack were worth $726,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Shake Shack by 52.6% during the 1st quarter. GAMMA Investing LLC now owns 1,123 shares of the company’s stock worth $99,000 after purchasing an additional 387 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Shake Shack by 53.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,421 shares of the company’s stock worth $566,000 after buying an additional 2,229 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Shake Shack by 157.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,957 shares of the company’s stock worth $525,000 after buying an additional 3,642 shares in the last quarter. Spire Wealth Management boosted its position in shares of Shake Shack by 881.2% in the first quarter. Spire Wealth Management now owns 1,982 shares of the company’s stock valued at $175,000 after acquiring an additional 1,780 shares during the period. Finally, Bessemer Group Inc. grew its stake in shares of Shake Shack by 60.7% in the first quarter. Bessemer Group Inc. now owns 5,874 shares of the company’s stock valued at $518,000 after acquiring an additional 2,218 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SHAK. TD Cowen lifted their price objective on shares of Shake Shack from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. Morgan Stanley set a $115.00 price target on shares of Shake Shack in a research report on Tuesday, October 21st. The Goldman Sachs Group cut their price target on Shake Shack from $160.00 to $137.00 and set a “buy” rating for the company in a research note on Tuesday, September 30th. Barclays cut their target price on Shake Shack from $160.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, October 22nd. Finally, Loop Capital restated a “hold” rating and issued a $127.00 price target on shares of Shake Shack in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Shake Shack has an average rating of “Hold” and a consensus target price of $121.60.

Shake Shack Stock Performance

NYSE SHAK opened at $93.45 on Tuesday. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 203.16, a PEG ratio of 2.23 and a beta of 1.65. Shake Shack, Inc. has a twelve month low of $72.93 and a twelve month high of $144.65. The stock has a fifty day simple moving average of $97.64 and a 200 day simple moving average of $110.85. 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 (NYSE:SHAK) last released its quarterly 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 firm had revenue of $356.47 million for the quarter, compared to analyst estimates of $352.56 million. Shake Shack had a return on equity of 9.78% and a net margin of 1.50%.The business’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 EPS. Shake Shack has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that Shake Shack, Inc. will post 1.26 EPS for the current year.

Shake Shack Company 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.