CHURCHILL MANAGEMENT Corp Buys Shares of 15,738 Shake Shack, Inc. $SHAK

CHURCHILL MANAGEMENT Corp purchased a new stake in Shake Shack, Inc. (NYSE:SHAK) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,738 shares of the company’s stock, valued at approximately $2,213,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Farther Finance Advisors LLC grew its stake in Shake Shack by 939.3% in the 1st quarter. Farther Finance Advisors LLC now owns 291 shares of the company’s stock valued at $26,000 after acquiring an additional 263 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of Shake Shack in the first quarter valued at approximately $26,000. Garde Capital Inc. purchased a new position in shares of Shake Shack during the 1st quarter worth approximately $35,000. Parallel Advisors LLC increased its stake in shares of Shake Shack by 679.4% during the 2nd quarter. Parallel Advisors LLC now owns 265 shares of the company’s stock worth $37,000 after purchasing an additional 231 shares in the last quarter. Finally, Princeton Global Asset Management LLC acquired a new position in shares of Shake Shack during the 1st quarter worth approximately $44,000. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SHAK has been the topic of a number of analyst reports. Bank of America increased their target price on Shake Shack from $134.00 to $148.00 and gave the company a “neutral” rating in a report on Friday, July 18th. TD Securities restated a “hold” rating and issued a $105.00 price objective on shares of Shake Shack in a research report on Thursday, June 26th. The Goldman Sachs Group dropped their price objective on Shake Shack from $160.00 to $137.00 and set a “buy” rating for the company in a research report on Tuesday. Wells Fargo & Company upped their target price on shares of Shake Shack from $115.00 to $125.00 and gave the company an “equal weight” rating in a report on Thursday, July 17th. Finally, Jefferies Financial Group cut shares of Shake Shack from a “hold” rating to an “underperform” rating and raised their price target for the stock from $100.00 to $120.00 in a research note on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $132.42.

Insider Transactions at Shake Shack

In other Shake Shack news, CFO Katherine Irene Fogertey sold 670 shares of the company’s stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $140.03, for a total transaction of $93,820.10. Following the completion of the sale, the chief financial officer directly owned 32,495 shares in the company, valued at $4,550,274.85. This represents a 2.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 8.50% of the company’s stock.

Shake Shack Stock Up 3.1%

SHAK opened at $94.46 on Friday. Shake Shack, Inc. has a 12 month low of $72.93 and a 12 month high of $144.65. The business has a 50-day moving average of $105.97 and a two-hundred day moving average of $109.96. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.92 and a quick ratio of 1.89. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 205.35, a price-to-earnings-growth ratio of 2.09 and a beta of 1.65.

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