Daniel Harris Meyer Sells 14,200 Shares of Shake Shack, Inc. (NYSE:SHAK) Stock

Shake Shack, Inc. (NYSE:SHAK - Get Free Report) Director Daniel Harris Meyer sold 14,200 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $140.31, for a total transaction of $1,992,402.00. Following the sale, the director owned 337,984 shares of the company's stock, valued at $47,422,535.04. This trade represents a 4.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Daniel Harris Meyer also recently made the following trade(s):

• On Tuesday, July 1st, Daniel Harris Meyer sold 15,800 shares of Shake Shack stock. The shares were sold at an average price of $139.03, for a total transaction of $2,196,674.00.
• On Thursday, June 26th, Daniel Harris Meyer sold 20,000 shares of Shake Shack stock. The stock was sold at an average price of $140.07, for a total transaction of $2,801,400.00.
• On Thursday, June 5th, Daniel Harris Meyer sold 10,000 shares of Shake Shack stock. The stock was sold at an average price of $130.26, for a total transaction of $1,302,600.00.
• On Friday, May 30th, Daniel Harris Meyer sold 10,000 shares of Shake Shack stock. The shares were sold at an average price of $130.10, for a total transaction of $1,301,000.00.
• On Friday, May 30th, Daniel Harris Meyer sold 10,000 shares of Shake Shack stock. The stock was sold at an average price of $130.10, for a total value of $1,301,000.00.

Shake Shack Stock Performance

Shake Shack stock traded down $0.14 during trading on Thursday, hitting $141.12. The stock had a trading volume of 525,429 shares, compared to its average volume of 1,198,318. The stock's 50 day moving average is $118.76 and its two-hundred day moving average is $110.95. Shake Shack, Inc. has a 1 year low of $72.93 and a 1 year high of $142.66. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 504.00, a price-to-earnings-growth ratio of 3.27 and a beta of 1.77. The company has a quick ratio of 1.88, a current ratio of 1.91 and a debt-to-equity ratio of 0.50.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $320.90 million during the quarter, compared to the consensus estimate of $330.24 million. Shake Shack had a net margin of 0.97% and a return on equity of 8.45%. The business's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 earnings per share. As a group, analysts predict that Shake Shack, Inc. will post 1.26 EPS for the current year.

Institutional Investors Weigh In On Shake Shack

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Summit Financial LLC boosted its position in Shake Shack by 0.7% during the first quarter. Summit Financial LLC now owns 13,180 shares of the company's stock worth $1,162,000 after purchasing an additional 97 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Shake Shack by 5.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,870 shares of the company's stock valued at $243,000 after buying an additional 100 shares in the last quarter. Redwood Investments LLC lifted its stake 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 valued at $2,048,000 after buying an additional 110 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings 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 buying an additional 133 shares during the period. Finally, Xponance Inc. grew its stake in Shake Shack by 5.9% in the 1st quarter. Xponance Inc. now owns 2,868 shares of the company's stock valued at $253,000 after buying an additional 159 shares in the last quarter. 86.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SHAK. Oppenheimer restated an "outperform" rating and issued a $160.00 target price (up previously from $125.00) on shares of Shake Shack in a report on Thursday, June 26th. The Goldman Sachs Group lifted their price objective on shares of Shake Shack from $120.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Wells Fargo & Company upped their target price on shares of Shake Shack from $95.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Friday, May 30th. UBS Group lowered their target price on shares of Shake Shack from $140.00 to $100.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Finally, Stifel Nicolaus dropped their price target on shares of Shake Shack from $120.00 to $97.00 and set a "hold" rating on the stock in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $124.43.

Shake Shack Company 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.

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