Shake Shack Inc. (NYSE:SHAK) Director Sells $31,315.04 in Stock

Shake Shack Inc. (NYSE:SHAK - Get Free Report) Director Jeffrey Flug sold 304 shares of the business's stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $103.01, for a total value of $31,315.04. Following the completion of the transaction, the director now owns 3,754 shares in the company, valued at approximately $386,699.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Jeffrey Flug also recently made the following trade(s):

• On Monday, March 4th, Jeffrey Flug sold 304 shares of Shake Shack stock. The shares were sold at an average price of $108.05, for a total value of $32,847.20.
• On Monday, February 5th, Jeffrey Flug sold 152 shares of Shake Shack stock. The stock was sold at an average price of $76.05, for a total value of $11,559.60.
• On Monday, January 29th, Jeffrey Flug sold 152 shares of Shake Shack stock. The stock was sold at an average price of $75.09, for a total value of $11,413.68.

Shake Shack Price Performance

Shares of SHAK stock traded up $1.25 during mid-day trading on Monday, hitting $102.49. 472,557 shares of the stock traded hands, compared to its average volume of 1,000,665. Shake Shack Inc. has a twelve month low of $52.64 and a twelve month high of $110.90. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 222.80, a price-to-earnings-growth ratio of 3.82 and a beta of 1.80. The company's 50-day simple moving average is $96.59 and its 200-day simple moving average is $74.96. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.01 and a current ratio of 2.04.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its earnings results on Thursday, February 15th. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $286.20 million for the quarter, compared to analysts' expectations of $280.45 million. Shake Shack had a return on equity of 3.67% and a net margin of 1.82%. The company's quarterly revenue was up 20.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.06) EPS. As a group, equities research analysts expect that Shake Shack Inc. will post 0.71 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SHAK. Raymond James increased their price target on Shake Shack from $90.00 to $115.00 and gave the stock a "strong-buy" rating in a research report on Friday, February 16th. UBS Group increased their price target on Shake Shack from $80.00 to $88.00 and gave the stock a "neutral" rating in a research report on Monday, February 12th. HSBC initiated coverage on Shake Shack in a research report on Wednesday, December 20th. They set a "hold" rating and a $74.00 price target on the stock. Robert W. Baird increased their price objective on Shake Shack from $67.00 to $82.00 and gave the stock a "neutral" rating in a report on Tuesday, February 13th. Finally, Oppenheimer increased their price objective on Shake Shack from $108.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $86.39.

Hedge Funds Weigh In On Shake Shack

A number of hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its holdings in shares of Shake Shack by 0.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,282 shares of the company's stock worth $1,188,000 after acquiring an additional 141 shares during the last quarter. Baird Financial Group Inc. boosted its position in shares of Shake Shack by 1.4% in the fourth quarter. Baird Financial Group Inc. now owns 10,915 shares of the company's stock worth $809,000 after buying an additional 148 shares during the period. QRG Capital Management Inc. boosted its position in shares of Shake Shack by 4.5% in the fourth quarter. QRG Capital Management Inc. now owns 3,711 shares of the company's stock worth $275,000 after buying an additional 161 shares during the period. Cim Investment Management Inc. boosted its position in shares of Shake Shack by 3.6% in the first quarter. Cim Investment Management Inc. now owns 5,677 shares of the company's stock worth $315,000 after buying an additional 195 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in shares of Shake Shack by 5.5% in the second quarter. Commonwealth Equity Services LLC now owns 4,313 shares of the company's stock worth $335,000 after buying an additional 224 shares during the period. 86.07% of the stock is currently owned by institutional investors and hedge funds.

About Shake Shack

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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