D.A. Davidson & CO. Raises Holdings in Shake Shack, Inc. $SHAK

D.A. Davidson & CO. boosted its holdings in Shake Shack, Inc. (NYSE:SHAK) by 10.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 10,758 shares of the company’s stock after buying an additional 1,021 shares during the period. D.A. Davidson & CO.’s holdings in Shake Shack were worth $1,513,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of Shake Shack by 157.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,957 shares of the company’s stock valued at $525,000 after acquiring an additional 3,642 shares during the period. Cooper Investors PTY Ltd. raised its position in Shake Shack by 17,729.9% in the second quarter. Cooper Investors PTY Ltd. now owns 89,506 shares of the company’s stock valued at $12,585,000 after purchasing an additional 89,004 shares during the period. Bessemer Group Inc. raised its position in Shake Shack by 60.7% in the first quarter. Bessemer Group Inc. now owns 5,874 shares of the company’s stock valued at $518,000 after purchasing an additional 2,218 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Shake Shack by 53.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,421 shares of the company’s stock valued at $566,000 after purchasing an additional 2,229 shares during the period. Finally, GAMMA Investing LLC raised its position in Shake Shack by 52.6% in the first quarter. GAMMA Investing LLC now owns 1,123 shares of the company’s stock valued at $99,000 after purchasing an additional 387 shares during the period. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on SHAK. Wells Fargo & Company dropped their target price on Shake Shack from $125.00 to $100.00 and set an “equal weight” rating on the stock in a report on Thursday, October 16th. Morgan Stanley set a $115.00 price objective on shares of Shake Shack in a research note on Tuesday, October 21st. Bank of America reiterated an “underperform” rating and set a $86.00 price objective (down previously from $148.00) on shares of Shake Shack in a research note on Monday, October 6th. The Goldman Sachs Group dropped their price objective on shares of Shake Shack from $160.00 to $137.00 and set a “buy” rating on the stock in a research note on Tuesday, September 30th. Finally, Jefferies Financial Group downgraded shares of Shake Shack from a “hold” rating to an “underperform” rating and lifted their price target for the stock from $100.00 to $120.00 in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $123.00.

Shake Shack Price Performance

SHAK opened at $91.91 on Monday. The company has a 50-day moving average of $97.87 and a 200-day moving average of $110.81. The company has a market capitalization of $3.92 billion, a P/E ratio of 199.82, a PEG ratio of 2.23 and a beta of 1.65. Shake Shack, Inc. has a 1-year low of $72.93 and a 1-year high of $144.65. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.89 and a current ratio of 1.92.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.07. Shake Shack had a return on equity of 9.78% and a net margin of 1.50%.The business had revenue of $356.47 million during the quarter, compared to the consensus estimate of $352.56 million. During the same period in the previous year, the business earned $0.27 EPS. The business’s quarterly revenue was up 12.6% on a year-over-year basis. Shake Shack has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts expect that Shake Shack, Inc. will post 1.26 EPS 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.