Prudential Financial Inc. Acquires 1,060 Shares of Shake Shack, Inc. $SHAK

Prudential Financial Inc. boosted its holdings in Shake Shack, Inc. (NYSE:SHAK) by 2.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,823 shares of the company’s stock after buying an additional 1,060 shares during the period. Prudential Financial Inc. owned approximately 0.10% of Shake Shack worth $5,880,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Cetera Investment Advisers grew its position in shares of Shake Shack by 145.9% in the first quarter. Cetera Investment Advisers now owns 4,819 shares of the company’s stock valued at $425,000 after purchasing an additional 2,859 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Shake Shack by 1.3% in 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. LPL Financial LLC boosted its stake in Shake Shack by 4.4% in the 1st quarter. LPL Financial LLC now owns 19,886 shares of the company’s stock worth $1,753,000 after purchasing an additional 829 shares during the period. XTX Topco Ltd purchased a new position in Shake Shack during the 1st quarter valued at about $617,000. Finally, Blair William & Co. IL increased its position in shares of Shake Shack by 3.2% during the first quarter. Blair William & Co. IL now owns 107,680 shares of the company’s stock valued at $9,494,000 after buying an additional 3,291 shares during the period. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Wall Street Analyst Weigh In

SHAK has been the subject of a number of analyst reports. Piper Sandler cut their price objective on shares of Shake Shack from $126.00 to $102.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Raymond James Financial reissued a “strong-buy” rating on shares of Shake Shack in a report on Tuesday. Robert W. Baird reduced their price target on shares of Shake Shack from $127.00 to $104.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Loop Capital upgraded Shake Shack from a “hold” rating to a “buy” rating and increased their price objective for the stock from $98.00 to $127.00 in a research report on Friday, November 14th. Finally, Oppenheimer set a $145.00 price objective on Shake Shack in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Shake Shack currently has an average rating of “Hold” and an average target price of $120.52.

Shake Shack Stock Down 0.9%

SHAK opened at $87.66 on Friday. The business’s fifty day simple moving average is $91.83 and its 200 day simple moving average is $110.62. Shake Shack, Inc. has a 52 week low of $72.93 and a 52 week high of $144.65. The company has a quick ratio of 1.81, a current ratio of 1.84 and a debt-to-equity ratio of 0.46. The stock has a market cap of $3.74 billion, a PE ratio of 85.94, a P/E/G ratio of 2.28 and a beta of 1.69.

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

Insider Transactions at Shake Shack

In other Shake Shack news, insider Stephanie Ann Sentell sold 1,100 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $85.14, for a total value of $93,654.00. Following the completion of the sale, the insider owned 9,907 shares of the company’s stock, valued at $843,481.98. This represents a 9.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.50% of the stock is currently owned by corporate insiders.

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.