Rhumbline Advisers Increases Holdings in Shake Shack, Inc. $SHAK

Rhumbline Advisers boosted its holdings in Shake Shack, Inc. (NYSE:SHAK) by 2.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,025 shares of the company’s stock after purchasing an additional 2,872 shares during the quarter. Rhumbline Advisers owned approximately 0.26% of Shake Shack worth $15,329,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geneos Wealth Management Inc. bought a new position in shares of Shake Shack during the first quarter worth $26,000. Ameritas Advisory Services LLC purchased a new stake in Shake Shack in the 2nd quarter worth $31,000. Parallel Advisors LLC boosted its holdings in shares of Shake Shack by 679.4% during the 2nd quarter. Parallel Advisors LLC now owns 265 shares of the company’s stock valued at $37,000 after purchasing an additional 231 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Shake Shack during the first quarter valued at about $48,000. Finally, Headlands Technologies LLC bought a new stake in shares of Shake Shack in the first quarter worth about $57,000. Institutional investors own 86.07% of the company’s stock.

Shake Shack Stock Performance

Shares of Shake Shack stock opened at $87.66 on Friday. The company has a quick ratio of 1.81, a current ratio of 1.84 and a debt-to-equity ratio of 0.46. The stock’s fifty day moving average is $91.83 and its two-hundred day moving average is $110.62. Shake Shack, Inc. has a 52 week low of $72.93 and a 52 week high of $144.65. The company has a market capitalization of $3.74 billion, a PE ratio of 85.94, a price-to-earnings-growth ratio of 2.28 and a beta of 1.69.

Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, October 30th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. The firm had revenue of $367.41 million during the quarter, compared to analyst estimates of $363.69 million. Shake Shack had a net margin of 3.10% and a return on equity of 10.43%. The business’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 earnings per share. Shake Shack has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts expect that Shake Shack, Inc. will post 1.26 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on SHAK shares. UBS Group dropped their price target on Shake Shack from $140.00 to $104.00 and set a “neutral” rating for the company in a research note on Thursday, October 23rd. Mizuho upgraded Shake Shack to a “hold” rating in a research report on Tuesday, October 28th. Bank of America restated an “underperform” rating and issued a $86.00 price target (down previously from $148.00) on shares of Shake Shack in a research report on Monday, October 6th. Loop Capital raised shares of Shake Shack from a “hold” rating to a “buy” rating and upped their price target for the company from $98.00 to $127.00 in a research note on Friday, November 14th. Finally, Truist Financial dropped their price objective on shares of Shake Shack from $162.00 to $156.00 and set a “buy” rating for the company in a research note on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $120.52.

Insider Buying and Selling

In other Shake Shack news, insider Stephanie Ann Sentell sold 1,100 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $85.14, for a total value of $93,654.00. Following the transaction, the insider directly owned 9,907 shares in the company, valued at $843,481.98. This represents a 9.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.50% of the stock is owned by corporate insiders.

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.