DAVENPORT & Co LLC Raises Position in Shake Shack, Inc. $SHAK

DAVENPORT & Co LLC raised its holdings in Shake Shack, Inc. (NYSE:SHAK) by 4.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,021 shares of the company’s stock after buying an additional 610 shares during the period. DAVENPORT & Co LLC’s holdings in Shake Shack were worth $1,831,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHAK. Farther Finance Advisors LLC boosted its position 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 buying an additional 263 shares during the period. Geneos Wealth Management Inc. purchased a new position in Shake Shack in the 1st quarter valued at approximately $26,000. Ameritas Advisory Services LLC purchased a new position in Shake Shack in the 2nd quarter valued at approximately $31,000. Garde Capital Inc. purchased a new position in Shake Shack in the 1st quarter valued at approximately $35,000. Finally, Parallel Advisors LLC raised its holdings in shares of Shake Shack by 679.4% in the 2nd quarter. Parallel Advisors LLC now owns 265 shares of the company’s stock valued at $37,000 after purchasing an additional 231 shares in the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Shake Shack Price Performance

Shares of NYSE:SHAK opened at $91.04 on Friday. The company’s fifty day moving average price is $101.85 and its 200 day moving average price is $110.07. Shake Shack, Inc. has a 12 month low of $72.93 and a 12 month high of $144.65. 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 firm has a market capitalization of $3.89 billion, a P/E ratio of 197.92, a P/E/G ratio of 2.17 and a beta of 1.65.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Loop Capital restated a “hold” rating and issued a $127.00 price objective on shares of Shake Shack in a report on Tuesday, July 8th. Raymond James Financial restated a “strong-buy” rating and issued a $160.00 price objective (down from $165.00) on shares of Shake Shack in a report on Friday, August 1st. Barclays reduced their price objective on shares of Shake Shack from $168.00 to $160.00 and set an “overweight” rating on the stock in a report on Friday, August 1st. Oppenheimer restated an “outperform” rating and issued a $160.00 price objective (up from $125.00) on shares of Shake Shack in a report on Thursday, June 26th. Finally, The Goldman Sachs Group reduced their price objective on shares of Shake Shack from $160.00 to $137.00 and set a “buy” rating on the stock in a report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $129.16.

Shake Shack Company 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.