Insider Selling: Shake Shack, Inc. (NYSE:SHAK) Director Sells 20,000 Shares of Stock

Shake Shack, Inc. (NYSE:SHAK - Get Free Report) Director Daniel Harris Meyer sold 20,000 shares of the firm's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $140.07, for a total value of $2,801,400.00. Following the completion of the sale, the director directly owned 367,984 shares of the company's stock, valued at approximately $51,543,518.88. This trade represents a 5.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Thursday, June 5th, Daniel Harris Meyer sold 10,000 shares of Shake Shack stock. The shares were 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 stock was 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 shares were sold at an average price of $130.10, for a total transaction of $1,301,000.00.

Shake Shack Trading Down 0.1%

SHAK traded down $0.14 during trading on Thursday, hitting $141.12. The company's stock had a trading volume of 525,429 shares, compared to its average volume of 1,198,318. Shake Shack, Inc. has a twelve month low of $72.93 and a twelve month high of $142.66. The stock has a market cap of $6.02 billion, a PE ratio of 504.00, a PEG ratio of 3.27 and a beta of 1.77. The firm's 50 day moving average price is $118.76 and its 200-day moving average price is $110.95. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.91 and a quick ratio of 1.88.

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

Analyst Ratings Changes

SHAK has been the topic of a number of research reports. Barclays upped their price target on Shake Shack from $102.00 to $166.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. The Goldman Sachs Group boosted their target price on Shake Shack from $120.00 to $145.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Sanford C. Bernstein set a $166.00 target price on Shake Shack and gave the company an "overweight" rating in a report on Thursday, June 26th. Robert W. Baird lifted their price target on Shake Shack from $85.00 to $90.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, UBS Group decreased their price objective on shares of Shake Shack from $140.00 to $100.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $124.43.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Summit Financial LLC boosted its position 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 worth $1,162,000 after acquiring an additional 97 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Shake Shack by 5.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,870 shares of the company's stock valued at $243,000 after purchasing an additional 100 shares during the last quarter. Redwood Investments LLC boosted its holdings in shares of Shake Shack by 0.5% in the 1st quarter. Redwood Investments LLC now owns 23,231 shares of the company's stock valued at $2,048,000 after purchasing an additional 110 shares during the last quarter. 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 valued at $914,000 after buying an additional 133 shares during the period. Finally, Xponance Inc. increased its holdings in shares of Shake Shack by 5.9% during the 1st quarter. Xponance Inc. now owns 2,868 shares of the company's stock worth $253,000 after buying an additional 159 shares during the last quarter. Institutional investors and hedge funds own 86.07% of the company's stock.

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.