Spire Wealth Management Purchases 617 Shares of Shake Shack, Inc. $SHAK

Spire Wealth Management raised its stake in Shake Shack, Inc. (NYSE:SHAK) by 31.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,599 shares of the company’s stock after purchasing an additional 617 shares during the period. Spire Wealth Management’s holdings in Shake Shack were worth $365,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SHAK. Nuveen LLC bought a new stake in Shake Shack in the 1st quarter valued at $42,802,000. Ameriprise Financial Inc. boosted its holdings in Shake Shack by 144.3% in the 1st quarter. Ameriprise Financial Inc. now owns 791,857 shares of the company’s stock valued at $69,805,000 after purchasing an additional 467,748 shares during the period. Jennison Associates LLC boosted its holdings in Shake Shack by 57.1% in the 2nd quarter. Jennison Associates LLC now owns 593,971 shares of the company’s stock valued at $83,512,000 after purchasing an additional 215,984 shares during the period. Jump Financial LLC bought a new stake in Shake Shack in the 1st quarter valued at $17,064,000. Finally, Champlain Investment Partners LLC boosted its holdings in Shake Shack by 59.5% in the 1st quarter. Champlain Investment Partners LLC now owns 357,776 shares of the company’s stock valued at $31,545,000 after purchasing an additional 133,440 shares during the period. 86.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SHAK shares. Loop Capital reissued a “hold” rating and issued a $127.00 price target on shares of Shake Shack in a report on Tuesday, July 8th. Jefferies Financial Group downgraded shares of Shake Shack from a “hold” rating to an “underperform” rating and raised their price objective for the stock from $100.00 to $120.00 in a report on Thursday, July 17th. Mizuho raised shares of Shake Shack to a “hold” rating in a report on Tuesday, October 28th. Morgan Stanley set a $115.00 price objective on shares of Shake Shack in a report on Tuesday, October 21st. Finally, The Goldman Sachs Group reduced their price objective on shares of Shake Shack from $160.00 to $137.00 and set a “buy” rating for the company in a report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $121.00.

Shake Shack Trading Up 5.8%

Shares of Shake Shack stock opened at $96.65 on Monday. The stock has a market capitalization of $4.13 billion, a P/E ratio of 94.76, a price-to-earnings-growth ratio of 2.38 and a beta of 1.69. 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 company has a 50-day simple moving average of $96.81 and a 200 day simple moving average of $111.33. Shake Shack, Inc. has a 12-month low of $72.93 and a 12-month high of $144.65.

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