Strs Ohio Sells 6,800 Shares of Shake Shack, Inc. $SHAK

Strs Ohio lessened its stake in shares of Shake Shack, Inc. (NYSE:SHAK) by 10.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,000 shares of the company’s stock after selling 6,800 shares during the period. Strs Ohio’s holdings in Shake Shack were worth $8,155,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of SHAK. Summit Financial LLC raised its stake in Shake Shack by 0.7% in the first quarter. Summit Financial LLC now owns 13,180 shares of the company’s stock valued at $1,162,000 after purchasing an additional 97 shares in the last quarter. Wealthcare Advisory Partners LLC increased its holdings in Shake Shack by 0.8% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 13,512 shares of the company’s stock valued at $1,900,000 after buying an additional 106 shares during the period. Keybank National Association OH increased its holdings in Shake Shack by 1.8% in the 2nd quarter. Keybank National Association OH now owns 6,079 shares of the company’s stock valued at $855,000 after buying an additional 106 shares during the period. Redwood Investments LLC increased its holdings in Shake Shack by 0.5% in the 1st quarter. Redwood Investments LLC now owns 23,231 shares of the company’s stock valued at $2,048,000 after buying an additional 110 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Shake Shack by 1.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,367 shares of the company’s stock valued at $914,000 after buying an additional 133 shares during the period. Institutional investors own 86.07% of the company’s stock.

Analyst Upgrades and Downgrades

SHAK has been the topic of a number of recent analyst reports. Morgan Stanley set a $115.00 price objective on shares of Shake Shack in a research note on Tuesday, October 21st. Jefferies Financial Group lowered Shake Shack from a “hold” rating to an “underperform” rating and lifted their price target for the company from $100.00 to $120.00 in a research note on Thursday, July 17th. Piper Sandler decreased their price target on Shake Shack from $126.00 to $102.00 and set a “neutral” rating on the stock in a research note on Friday. Wells Fargo & Company decreased their price target on Shake Shack from $125.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 16th. Finally, TD Cowen lifted their target price on Shake Shack from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $121.00.

Shake Shack Stock Performance

NYSE SHAK opened at $96.65 on Friday. The firm’s fifty day moving average price is $96.81 and its two-hundred day moving average price is $111.12. The stock has a market cap of $4.13 billion, a PE ratio of 94.76, a PEG ratio of 2.35 and a beta of 1.65. Shake Shack, Inc. has a fifty-two week low of $72.93 and a fifty-two week high of $144.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.89 and a current ratio of 1.84.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. The business 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%.Shake Shack’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. Shake Shack has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts expect that Shake Shack, Inc. will post 1.26 EPS for the current fiscal 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.