Shake Shack, Inc. $SHAK Shares Sold by Bayforest Capital Ltd

Bayforest Capital Ltd trimmed its stake in Shake Shack, Inc. (NYSE:SHAK) by 9.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,398 shares of the company’s stock after selling 369 shares during the quarter. Bayforest Capital Ltd’s holdings in Shake Shack were worth $478,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Nuveen LLC acquired a new stake in shares of Shake Shack in the 1st quarter worth about $42,802,000. Ameriprise Financial Inc. increased its stake in shares of Shake Shack by 144.3% in the first quarter. Ameriprise Financial Inc. now owns 791,857 shares of the company’s stock valued at $69,805,000 after purchasing an additional 467,748 shares during the period. Jump Financial LLC bought a new stake in shares of Shake Shack during the first quarter valued at approximately $17,064,000. Champlain Investment Partners LLC boosted its position in shares of Shake Shack by 59.5% during the first quarter. Champlain Investment Partners LLC now owns 357,776 shares of the company’s stock worth $31,545,000 after buying an additional 133,440 shares during the period. Finally, Van Berkom & Associates Inc. boosted its position in shares of Shake Shack by 19.0% during the first quarter. Van Berkom & Associates Inc. now owns 785,594 shares of the company’s stock worth $69,266,000 after buying an additional 125,357 shares during the period. Institutional investors own 86.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Morgan Stanley lifted their target price on Shake Shack from $122.00 to $126.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. JPMorgan Chase & Co. raised their price target on Shake Shack from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, June 25th. UBS Group reaffirmed a “neutral” rating and issued a $140.00 price objective (up previously from $100.00) on shares of Shake Shack in a report on Friday, July 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Shake Shack in a report on Wednesday, October 8th. Finally, Bank of America restated an “underperform” rating and issued a $86.00 target price (down from $148.00) on shares of Shake Shack in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $129.16.

Shake Shack Price Performance

Shares of NYSE:SHAK opened at $93.96 on Wednesday. The company’s fifty day moving average is $100.46 and its two-hundred day moving average is $110.15. The company has a market cap of $4.01 billion, a P/E ratio of 204.26, a price-to-earnings-growth ratio of 2.21 and a beta of 1.65. Shake Shack, Inc. has a 12-month low of $72.93 and a 12-month high of $144.65. The company has a quick ratio of 1.89, a current ratio of 1.92 and a debt-to-equity ratio of 0.48.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, July 31st. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.07. The company had revenue of $356.47 million during 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%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 EPS. 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 earnings per share 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.