New York State Teachers Retirement System Raises Holdings in Shake Shack, Inc. $SHAK

New York State Teachers Retirement System increased its position in Shake Shack, Inc. (NYSE:SHAK) by 2.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 40,222 shares of the company’s stock after buying an additional 997 shares during the period. New York State Teachers Retirement System’s holdings in Shake Shack were worth $5,655,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SHAK. Farther Finance Advisors LLC raised its position in shares of Shake Shack by 939.3% in the 1st quarter. Farther Finance Advisors LLC now owns 291 shares of the company’s stock worth $26,000 after buying an additional 263 shares during the period. GAMMA Investing LLC increased its holdings in Shake Shack by 52.6% in the 1st quarter. GAMMA Investing LLC now owns 1,123 shares of the company’s stock valued at $99,000 after purchasing an additional 387 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Shake Shack by 53.2% in the 1st 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 in the last quarter. Janney Montgomery Scott LLC increased its holdings in Shake Shack by 74.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 13,636 shares of the company’s stock valued at $1,202,000 after purchasing an additional 5,840 shares in the last quarter. Finally, Garde Capital Inc. acquired a new stake in Shake Shack in the 1st quarter valued at $35,000. 86.07% of the stock is owned by hedge funds and other institutional investors.

Shake Shack Price Performance

SHAK opened at $92.77 on Tuesday. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 201.68, a price-to-earnings-growth ratio of 2.23 and a beta of 1.65. Shake Shack, Inc. has a fifty-two week low of $72.93 and a fifty-two week high of $144.65. The company’s 50-day moving average price is $99.14 and its 200 day moving average price is $110.45. 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 announced its quarterly earnings results on Thursday, July 31st. The company reported $0.44 EPS for the quarter, beating 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 company had revenue of $356.47 million for the quarter, compared to analyst estimates of $352.56 million. During the same quarter last year, the business earned $0.27 earnings per share. Shake Shack’s revenue 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 expect that Shake Shack, Inc. will post 1.26 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on SHAK. Wells Fargo & Company lowered their price target on Shake Shack from $125.00 to $100.00 and set an “equal weight” rating for the company in a report on Thursday. Truist Financial lowered their price target on Shake Shack from $162.00 to $156.00 and set a “buy” rating for the company in a report on Monday, September 29th. Bank of America reiterated an “underperform” rating and issued a $86.00 price target (down from $148.00) on shares of Shake Shack in a report on Monday, October 6th. Raymond James Financial reiterated a “strong-buy” rating and issued a $160.00 price target (down from $165.00) on shares of Shake Shack in a report on Friday, August 1st. Finally, Jefferies Financial Group downgraded Shake Shack from a “hold” rating to an “underperform” rating and increased their price target for the company from $100.00 to $120.00 in a report on Thursday, July 17th. One equities research 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 issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $127.84.

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.