Police & Firemen s Retirement System of New Jersey Increases Stock Position in Shake Shack, Inc. $SHAK

Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Shake Shack, Inc. (NYSE:SHAK) by 8.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,795 shares of the company’s stock after buying an additional 700 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Shake Shack were worth $1,237,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Summit Financial LLC boosted its stake in shares of Shake Shack by 0.7% in the first quarter. Summit Financial LLC now owns 13,180 shares of the company’s stock valued at $1,162,000 after buying an additional 97 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in Shake Shack by 0.8% in the second quarter. Wealthcare Advisory Partners LLC now owns 13,512 shares of the company’s stock valued at $1,900,000 after acquiring an additional 106 shares during the period. Keybank National Association OH lifted its holdings in Shake Shack by 1.8% in the second quarter. Keybank National Association OH now owns 6,079 shares of the company’s stock valued at $855,000 after acquiring an additional 106 shares during the period. Redwood Investments LLC boosted its position in shares of Shake Shack by 0.5% during the 1st quarter. Redwood Investments LLC now owns 23,231 shares of the company’s stock worth $2,048,000 after purchasing an additional 110 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Shake Shack by 1.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,367 shares of the company’s stock worth $914,000 after purchasing an additional 133 shares during the period. 86.07% of the stock is owned by institutional investors and hedge funds.

Shake Shack Price Performance

SHAK stock opened at $87.85 on Friday. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 86.13, a price-to-earnings-growth ratio of 2.18 and a beta of 1.69. The company has a quick ratio of 1.81, a current ratio of 1.84 and a debt-to-equity ratio of 0.46. Shake Shack, Inc. has a 52-week low of $72.93 and a 52-week high of $144.65. The stock’s fifty day simple moving average is $93.02 and its 200-day simple moving average is $111.23.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, October 30th. The company reported $0.36 EPS for the quarter, beating 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 in the prior year, the firm posted $0.25 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. Shake Shack has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts expect that Shake Shack, Inc. will post 1.26 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on SHAK. Oppenheimer set a $145.00 price objective on shares of Shake Shack in a research note on Friday, October 31st. Wells Fargo & Company reduced their price target on shares of Shake Shack from $125.00 to $100.00 and set an “equal weight” rating for the company in a research report on Thursday, October 16th. Barclays decreased their price target on Shake Shack from $160.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 22nd. Piper Sandler dropped their price objective on Shake Shack from $126.00 to $102.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Finally, The Goldman Sachs Group decreased their target price on Shake Shack from $160.00 to $137.00 and set a “buy” rating on the stock in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Shake Shack has an average rating of “Hold” and a consensus price target 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.