Shake Shack, Inc. $SHAK Shares Purchased by GDS Wealth Management

GDS Wealth Management grew its position in shares of Shake Shack, Inc. (NYSE:SHAK) by 50.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 129,381 shares of the company’s stock after purchasing an additional 43,219 shares during the period. Shake Shack accounts for about 1.3% of GDS Wealth Management’s investment portfolio, making the stock its 26th largest position. GDS Wealth Management’s holdings in Shake Shack were worth $18,191,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SHAK. Geneos Wealth Management Inc. purchased a new position in shares of Shake Shack during the first quarter valued at approximately $26,000. Ameritas Advisory Services LLC purchased a new position in shares of Shake Shack during the 2nd quarter worth $31,000. Parallel Advisors LLC grew its position in shares of Shake Shack by 679.4% in the second 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 period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Shake Shack in the 1st quarter valued at about $48,000. Finally, Headlands Technologies LLC acquired a new position in Shake Shack during the first quarter worth approximately $57,000. Institutional investors and hedge funds own 86.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SHAK shares. Truist Financial cut their price objective on Shake Shack from $162.00 to $156.00 and set a “buy” rating on the stock in a report on Monday, September 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Shake Shack in a research report on Wednesday, October 8th. Bank of America reissued an “underperform” rating and set a $86.00 price target (down previously from $148.00) on shares of Shake Shack in a research report on Monday, October 6th. Mizuho upgraded shares of Shake Shack to a “hold” rating in a research note on Tuesday, October 28th. Finally, Robert W. Baird reduced their price objective on shares of Shake Shack from $127.00 to $104.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $120.52.

Shake Shack Stock Down 2.3%

Shares of NYSE:SHAK opened at $84.26 on Thursday. The company’s fifty day moving average is $93.69 and its two-hundred day moving average is $111.48. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.81 and a current ratio of 1.84. Shake Shack, Inc. has a 1-year low of $72.93 and a 1-year high of $144.65. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 82.61, a price-to-earnings-growth ratio of 2.25 and a beta of 1.69.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. Shake Shack had a net margin of 3.10% and a return on equity of 10.43%. The business had revenue of $367.41 million during the quarter, compared to the consensus estimate of $363.69 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. Shake Shack has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts anticipate 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.