Strategic Blueprint LLC Makes New Investment in Shake Shack, Inc. $SHAK

Strategic Blueprint LLC bought a new position in Shake Shack, Inc. (NYSE:SHAK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,148 shares of the company’s stock, valued at approximately $302,000.

A number of other large investors have also added to or reduced their stakes in the company. Invesco Ltd. raised its holdings in Shake Shack by 2.0% in the first quarter. Invesco Ltd. now owns 1,269,876 shares of the company’s stock worth $111,965,000 after purchasing an additional 24,783 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Shake Shack by 144.3% in the first quarter. Ameriprise Financial Inc. now owns 791,857 shares of the company’s stock worth $69,805,000 after purchasing an additional 467,748 shares in the last quarter. Van Berkom & Associates Inc. raised its holdings in Shake Shack by 19.0% in the first quarter. Van Berkom & Associates Inc. now owns 785,594 shares of the company’s stock worth $69,266,000 after purchasing an additional 125,357 shares in the last quarter. Nuveen LLC bought a new position in Shake Shack in the first quarter worth about $42,802,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Shake Shack by 2.8% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 475,241 shares of the company’s stock worth $41,901,000 after purchasing an additional 12,807 shares in the last quarter. 86.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on SHAK. Raymond James Financial reiterated a “strong-buy” rating and issued a $160.00 target price (down from $165.00) on shares of Shake Shack in a report on Friday, August 1st. Jefferies Financial Group downgraded shares of Shake Shack from a “hold” rating to an “underperform” rating and upped their price objective for the company from $100.00 to $120.00 in a report on Thursday, July 17th. TD Cowen upped their price objective on shares of Shake Shack from $105.00 to $110.00 and gave the company a “hold” rating in a report on Thursday, July 31st. Bank of America restated an “underperform” rating and set a $86.00 price objective (down previously from $148.00) on shares of Shake Shack in a report on Monday, October 6th. Finally, Wells Fargo & Company cut their price objective on shares of Shake Shack from $125.00 to $100.00 and set an “equal weight” rating on the stock in a report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $123.00.

Shake Shack Price Performance

Shares of NYSE SHAK opened at $91.91 on Monday. The business’s 50 day moving average price is $97.87 and its 200 day moving average price is $110.81. The firm has a market cap of $3.92 billion, a P/E ratio of 199.82, a P/E/G ratio of 2.23 and a beta of 1.65. Shake Shack, Inc. has a 52 week low of $72.93 and a 52 week high of $144.65. 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 (NYSE:SHAK) last issued 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 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%.Shake Shack’s revenue for the quarter 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. On average, sell-side analysts expect 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.