Madison Asset Management LLC acquired a new position in Shake Shack, Inc. (NYSE:SHAK – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 57,938 shares of the company’s stock, valued at approximately $3,246,000.
Other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Shake Shack by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,627 shares of the company’s stock valued at $1,995,000 after buying an additional 976 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Shake Shack by 4,210.3% during the 1st quarter. Jones Financial Companies Lllp now owns 2,500 shares of the company’s stock worth $220,000 after acquiring an additional 2,442 shares in the last quarter. United Services Automobile Association bought a new stake in shares of Shake Shack during the 1st quarter worth about $219,000. Geneos Wealth Management Inc. acquired a new position in shares of Shake Shack during the 1st quarter valued at about $26,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Shake Shack by 159.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 748 shares of the company’s stock valued at $105,000 after acquiring an additional 460 shares during the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Stifel Nicolaus upgraded Shake Shack from a “hold” rating to a “buy” rating and reduced their target price for the stock from $105.00 to $85.00 in a report on Friday, May 8th. Guggenheim lowered their price target on Shake Shack from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, May 11th. BTIG Research reiterated a “neutral” rating on shares of Shake Shack in a report on Wednesday, May 20th. UBS Group dropped their price target on shares of Shake Shack from $79.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Shake Shack from $105.00 to $93.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Shake Shack currently has a consensus rating of “Moderate Buy” and an average target price of $89.74.
Key Headlines Impacting Shake Shack
Here are the key news stories impacting Shake Shack this week:
- Positive Sentiment: Shake Shack is receiving attention for its beverage strategy, suggesting the company is using drinks and related marketing to strengthen customer engagement, differentiate its brand and potentially support sales. How Shake Shack is Owning the Beverage Conversation
- Positive Sentiment: A Seeking Alpha analysis said strong restaurant traffic and continued unit growth support a bullish investment case for SHAK, indicating demand and expansion remain important growth drivers. Shake Shack: Traffic And Unit Growth Support Buy, But Margins Still Need To Catch Up
- Neutral Sentiment: Zacks Research raised its fiscal 2026 EPS forecast to $1.15 from $1.13 and increased its fourth-quarter 2026 estimate to $0.37 from $0.34. However, the firm maintained a Hold rating, suggesting the revisions are not viewed as a decisive change in the investment outlook. Zacks Research earnings estimate updates
- Negative Sentiment: Zacks lowered its estimates for third-quarter 2026 EPS to $0.34 from $0.37, first-quarter 2028 EPS to $0.20 from $0.23, second-quarter 2028 EPS to $0.49 from $0.51, and fiscal 2028 EPS to $1.57 from $1.68. The longer-term cuts point to some pressure on expected earnings growth. Zacks Research earnings estimate updates
- Negative Sentiment: Another analysis downgraded Shake Shack, citing weakening pricing power. That raises concern that promotions, customer sensitivity or cost inflation could limit revenue gains and profitability. Shake Shack: Pricing Power Is Weakening (Downgrade)
Shake Shack Trading Up 0.9%
Shares of NYSE:SHAK opened at $73.96 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.64 and a current ratio of 1.67. The stock’s 50-day moving average is $61.76 and its 200-day moving average is $76.69. The company has a market cap of $3.17 billion, a P/E ratio of 78.68, a P/E/G ratio of 8.01 and a beta of 1.63. Shake Shack, Inc. has a 52-week low of $51.60 and a 52-week high of $107.49.
Shake Shack (NYSE:SHAK – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.12. Shake Shack had a return on equity of 9.29% and a net margin of 2.56%.The business had revenue of $417.62 million during the quarter, compared to analysts’ expectations of $417.18 million. During the same quarter in the previous year, the firm earned $0.44 EPS. The firm’s revenue was up 17.2% compared to the same quarter last year. Equities research analysts predict that Shake Shack, Inc. will post 1.13 earnings per share for the current year.
About Shake Shack
Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.
Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.
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