Shake Shack, Inc. $SHAK Shares Sold by Blueshift Asset Management LLC

Blueshift Asset Management LLC cut its stake in shares of Shake Shack, Inc. (NYSE:SHAK) by 16.1% during the second quarter, HoldingsChannel.com reports. The firm owned 8,275 shares of the company’s stock after selling 1,585 shares during the period. Blueshift Asset Management LLC’s holdings in Shake Shack were worth $1,163,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Nuveen LLC acquired a new position in Shake Shack during the first quarter worth about $42,802,000. Ameriprise Financial Inc. boosted its stake in shares of Shake Shack by 144.3% during the 1st quarter. Ameriprise Financial Inc. now owns 791,857 shares of the company’s stock worth $69,805,000 after acquiring an additional 467,748 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Shake Shack by 57.1% in the 2nd quarter. Jennison Associates LLC now owns 593,971 shares of the company’s stock worth $83,512,000 after acquiring an additional 215,984 shares during the period. Jump Financial LLC purchased a new position in Shake Shack in the 1st quarter valued at approximately $17,064,000. Finally, Champlain Investment Partners LLC raised its holdings in Shake Shack by 59.5% during the first quarter. Champlain Investment Partners LLC now owns 357,776 shares of the company’s stock worth $31,545,000 after purchasing an additional 133,440 shares during the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Shake Shack in a research note on Wednesday, October 8th. Morgan Stanley set a $115.00 target price on shares of Shake Shack in a research report on Tuesday, October 21st. Truist Financial reduced their price target on shares of Shake Shack from $162.00 to $156.00 and set a “buy” rating on the stock in a report on Monday, September 29th. Bank of America reiterated an “underperform” rating and issued a $86.00 price target (down from $148.00) on shares of Shake Shack in a research report on Monday, October 6th. Finally, Oppenheimer set a $145.00 price objective on Shake Shack in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Shake Shack presently has a consensus rating of “Hold” and a consensus target price of $120.52.

Insider Transactions at Shake Shack

In related news, insider Stephanie Ann Sentell sold 1,100 shares of Shake Shack stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $85.14, for a total value of $93,654.00. Following the completion of the sale, the insider owned 9,907 shares in the company, valued at approximately $843,481.98. The trade was a 9.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 8.50% of the stock is owned by corporate insiders.

Shake Shack Trading Down 1.5%

NYSE SHAK opened at $86.21 on Tuesday. Shake Shack, Inc. has a one year low of $72.93 and a one year high of $144.65. The company’s 50 day moving average price is $91.55 and its 200 day moving average price is $110.36. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.81 and a current ratio of 1.84. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 84.51, a PEG ratio of 2.28 and a beta of 1.67.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.31 by $0.05. The company had revenue of $367.41 million for the quarter, compared to analyst estimates of $363.69 million. Shake Shack had a return on equity of 10.43% and a net margin of 3.10%.The firm’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company posted $0.25 earnings per share. Shake Shack has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts predict that Shake Shack, Inc. will post 1.26 EPS for the current 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.