Louisiana State Employees Retirement System Purchases New Position in Shake Shack, Inc. $SHAK

Posted by Stanley Muller on Jul 2nd, 2026

Louisiana State Employees Retirement System acquired a new stake in Shake Shack, Inc. (NYSE:SHAK – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,900 shares of the company’s stock, valued at approximately $1,584,000.

Other institutional investors also recently bought and sold shares of the company. Swedbank AB purchased a new stake in Shake Shack in the 4th quarter valued at about $84,092,000. Adage Capital Partners GP L.L.C. bought a new stake in shares of Shake Shack in the fourth quarter valued at about $40,829,000. Wellington Management Group LLP lifted its stake in Shake Shack by 21.0% in the third quarter. Wellington Management Group LLP now owns 2,590,911 shares of the company’s stock worth $242,535,000 after acquiring an additional 450,406 shares during the period. Marshall Wace LLP grew its holdings in Shake Shack by 285.2% during the 3rd quarter. Marshall Wace LLP now owns 586,999 shares of the company’s stock worth $54,949,000 after acquiring an additional 434,625 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Shake Shack during the 4th quarter valued at about $20,455,000. 86.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Shake Shack news, Director Daniel Harris Meyer acquired 32,258 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was acquired at an average cost of $61.88 per share, for a total transaction of $1,996,125.04. Following the completion of the transaction, the director directly owned 378,670 shares of the company’s stock, valued at $23,432,099.60. This represents a 9.31% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sumaiya Balbale bought 4,068 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average price of $61.42 per share, for a total transaction of $249,856.56. Following the transaction, the director directly owned 13,407 shares in the company, valued at approximately $823,457.94. This represents a 43.56% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 50,616 shares of company stock worth $3,109,782 in the last ninety days. 8.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SHAK shares. Bank of America upgraded Shake Shack from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $88.00 to $101.00 in a report on Tuesday, March 31st. Stifel Nicolaus raised Shake Shack from a “hold” rating to a “buy” rating and reduced their target price for the company from $105.00 to $85.00 in a research report on Friday, May 8th. Barclays lowered their target price on shares of Shake Shack from $118.00 to $96.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. BTIG Research reiterated a “neutral” rating on shares of Shake Shack in a research note on Wednesday, May 20th. Finally, TD Cowen reissued a “hold” rating and set a $70.00 price objective on shares of Shake Shack in a report on Wednesday, June 3rd. Fifteen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.00.

Check Out Our Latest Analysis on SHAK

Shake Shack Stock Performance

SHAK opened at $56.93 on Thursday. The firm has a fifty day moving average price of $67.66 and a 200 day moving average price of $83.04. Shake Shack, Inc. has a 1 year low of $51.60 and a 1 year high of $144.65. The stock has a market cap of $2.44 billion, a P/E ratio of 58.09, a P/E/G ratio of 2.48 and a beta of 1.63. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.69 and a quick ratio of 1.66.

About Shake Shack

(Free Report)

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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Institutional Ownership by Quarter for Shake Shack (NYSE:SHAK)

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