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Carillon Tower Advisers released its second-quarter 2026 investor letter for the Carillon Eagle Small Cap Growth Fund, noting that Shake Shack Inc. detracted from the fund's performance.
The investment management firm attributed the underperformance to Shake Shack's earnings coming in below expectations.
The letter highlights that the stock lagged after the earnings miss, a result that contributed to a one-month return of -27.25% for Shake Shack shares. Over the past 52 weeks, the company's shares lost 45.34%.
As of September 18, 2026, Shake Shack closed at $54.88 per share, reflecting a market capitalization of $2.35 billion.
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