Waratah Capital Advisors Ltd. Takes Position in Shake Shack, Inc. $SHAK

Waratah Capital Advisors Ltd. purchased a new position in shares of Shake Shack, Inc. (NYSE:SHAK) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 11,038 shares of the company’s stock, valued at approximately $1,552,000.

Several other large investors have also bought and sold shares of the business. Geneos Wealth Management Inc. bought a new stake in shares of Shake Shack during the 1st quarter valued at $26,000. Ameritas Advisory Services LLC bought a new stake in shares of Shake Shack in the second quarter valued at about $31,000. Parallel Advisors LLC grew 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 acquiring an additional 231 shares in the last quarter. SRH Advisors LLC bought a new stake in shares of Shake Shack in the first quarter worth $44,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Shake Shack during the first quarter worth $48,000. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Shake Shack Price Performance

SHAK stock opened at $90.58 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.81 and a current ratio of 1.84. The company has a market capitalization of $3.87 billion, a P/E ratio of 88.80, a PEG ratio of 2.36 and a beta of 1.69. The company has a fifty day moving average price of $94.40 and a 200-day moving average price of $111.58. Shake Shack, Inc. has a 52-week low of $72.93 and a 52-week high of $144.65.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.05. Shake Shack had a return on equity of 10.43% and a net margin of 3.10%.The firm had revenue of $367.41 million during the quarter, compared to analyst estimates of $363.69 million. During the same period last year, the company posted $0.25 EPS. The business’s quarterly revenue was up 15.9% on a year-over-year basis. Shake Shack has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts expect that Shake Shack, Inc. will post 1.26 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SHAK. Barclays reduced their price objective on shares of Shake Shack from $160.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, October 22nd. Morgan Stanley set a $115.00 price target on Shake Shack in a report on Tuesday, October 21st. Loop Capital upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and raised their price objective for the stock from $98.00 to $127.00 in a research report on Friday. Mizuho raised Shake Shack to a “hold” rating in a research report on Tuesday, October 28th. Finally, Oppenheimer set a $145.00 target price on Shake Shack in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $120.52.

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.