Shake Shack Inc. (NYSE:SHAK) CFO Katherine Irene Fogertey Sells 562 Shares

Shake Shack Inc. (NYSE:SHAK - Get Free Report) CFO Katherine Irene Fogertey sold 562 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $124.84, for a total value of $70,160.08. Following the completion of the transaction, the chief financial officer now owns 35,188 shares of the company's stock, valued at $4,392,869.92. The trade was a 1.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Katherine Irene Fogertey also recently made the following trade(s):

• On Thursday, June 12th, Katherine Irene Fogertey sold 3,956 shares of Shake Shack stock. The stock was sold at an average price of $127.49, for a total transaction of $504,350.44.
• On Tuesday, May 13th, Katherine Irene Fogertey sold 180 shares of Shake Shack stock. The shares were sold at an average price of $115.05, for a total transaction of $20,709.00.

Shake Shack Stock Up 2.7%

NYSE SHAK traded up $3.37 during trading on Monday, reaching $127.08. 1,363,319 shares of the company's stock traded hands, compared to its average volume of 1,182,948. Shake Shack Inc. has a 12-month low of $72.93 and a 12-month high of $139.89. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.97 and a quick ratio of 1.98. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of 552.50 and a beta of 1.77. The company's 50 day simple moving average is $105.61 and its two-hundred day simple moving average is $110.67.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $320.90 million for the quarter, compared to analysts' expectations of $330.24 million. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The business's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 earnings per share. As a group, sell-side analysts forecast that Shake Shack Inc. will post 1.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Driehaus Capital Management LLC purchased a new stake in shares of Shake Shack during the fourth quarter worth about $66,349,000. Nuveen LLC purchased a new position in shares of Shake Shack during the 1st quarter valued at approximately $42,802,000. Ameriprise Financial Inc. lifted its stake in Shake Shack by 144.3% in the 1st quarter. Ameriprise Financial Inc. now owns 791,857 shares of the company's stock valued at $69,805,000 after buying an additional 467,748 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Shake Shack by 30.7% in the fourth quarter. Invesco Ltd. now owns 1,245,093 shares of the company's stock worth $161,613,000 after acquiring an additional 292,348 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. acquired a new stake in shares of Shake Shack in the fourth quarter worth approximately $26,756,000. 86.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on SHAK. Loop Capital raised shares of Shake Shack from a "hold" rating to a "buy" rating and set a $127.00 price objective for the company in a report on Tuesday, April 1st. KeyCorp began coverage on shares of Shake Shack in a research note on Monday, June 2nd. They set a "sector weight" rating for the company. Stifel Nicolaus reduced their target price on shares of Shake Shack from $120.00 to $97.00 and set a "hold" rating on the stock in a research note on Tuesday, April 15th. The Goldman Sachs Group lifted their price target on shares of Shake Shack from $120.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, UBS Group cut their price target on shares of Shake Shack from $140.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Shake Shack currently has a consensus rating of "Hold" and a consensus target price of $115.40.

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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