SLT Holdings LLC Purchases Shares of 2,012 Shake Shack, Inc. $SHAK

SLT Holdings LLC purchased a new stake in shares of Shake Shack, Inc. (NYSE:SHAK) during the second quarter, Holdings Channel.com reports. The firm purchased 2,012 shares of the company’s stock, valued at approximately $283,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Invesco Ltd. grew its position in Shake Shack by 2.0% during the first quarter. Invesco Ltd. now owns 1,269,876 shares of the company’s stock valued at $111,965,000 after acquiring an additional 24,783 shares during the last quarter. Ameriprise Financial Inc. grew its holdings 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 worth $69,805,000 after purchasing an additional 467,748 shares during the last quarter. Van Berkom & Associates Inc. grew its holdings in shares of Shake Shack by 19.0% in the first quarter. Van Berkom & Associates Inc. now owns 785,594 shares of the company’s stock worth $69,266,000 after purchasing an additional 125,357 shares during the last quarter. Nuveen LLC bought a new position in shares of Shake Shack in the first quarter worth approximately $42,802,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Shake Shack by 2.8% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 475,241 shares of the company’s stock worth $41,901,000 after purchasing an additional 12,807 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors.

Shake Shack Stock Performance

Shares of SHAK stock opened at $86.75 on Friday. The company has a quick ratio of 1.89, a current ratio of 1.92 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 188.59, a PEG ratio of 2.14 and a beta of 1.65. The stock has a fifty day moving average of $101.35 and a 200 day moving average of $110.01. Shake Shack, Inc. has a 52 week low of $72.93 and a 52 week high of $144.65.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.37 by $0.07. The business had revenue of $356.47 million during the quarter, compared to analyst estimates of $352.56 million. Shake Shack had a return on equity of 9.78% and a net margin of 1.50%.The company’s revenue for the quarter 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. As a group, research analysts expect that Shake Shack, Inc. will post 1.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SHAK. Loop Capital restated a “hold” rating and issued a $127.00 target price on shares of Shake Shack in a report on Tuesday, July 8th. Morgan Stanley raised their target price on shares of Shake Shack from $122.00 to $126.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. TD Cowen raised their target price on shares of Shake Shack from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Thursday, July 31st. UBS Group restated a “neutral” rating and issued a $140.00 target price (up previously from $100.00) on shares of Shake Shack in a report on Friday, July 25th. Finally, Wells Fargo & Company raised their target price on shares of Shake Shack from $115.00 to $125.00 and gave the stock an “equal weight” rating in a report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $129.16.

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.