Katherine Irene Fogertey Sells 2,023 Shares of Shake Shack, Inc. (NYSE:SHAK) Stock

Shake Shack, Inc. (NYSE:SHAK - Get Free Report) CFO Katherine Irene Fogertey sold 2,023 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $141.28, for a total transaction of $285,809.44. Following the completion of the transaction, the chief financial officer directly owned 33,165 shares of the company's stock, valued at $4,685,551.20. This trade represents a 5.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, July 8th, Katherine Irene Fogertey sold 670 shares of Shake Shack stock. The stock was sold at an average price of $140.03, for a total transaction of $93,820.10.
• On Friday, June 13th, Katherine Irene Fogertey sold 562 shares of Shake Shack stock. The stock was sold at an average price of $124.84, for a total transaction of $70,160.08.
• On Thursday, June 12th, Katherine Irene Fogertey sold 3,956 shares of Shake Shack stock. The shares were 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 Performance

Shares of SHAK traded up $2.18 during midday trading on Thursday, reaching $142.91. The stock had a trading volume of 373,462 shares, compared to its average volume of 1,203,324. The firm has a 50 day simple moving average of $123.87 and a 200-day simple moving average of $111.34. Shake Shack, Inc. has a one year low of $72.93 and a one year high of $144.42. The firm has a market cap of $6.10 billion, a PE ratio of 510.28, a P/E/G ratio of 3.29 and a beta of 1.77. The company has a current ratio of 1.91, a quick ratio of 1.88 and a debt-to-equity ratio of 0.50.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SHAK shares. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $140.00 price objective (down from $145.00) on shares of Shake Shack in a research note on Friday, May 2nd. Wells Fargo & Company increased their target price on shares of Shake Shack from $95.00 to $115.00 and gave the stock an "equal weight" rating in a report on Friday, May 30th. Sanford C. Bernstein set a $166.00 price objective on shares of Shake Shack and gave the stock an "overweight" rating in a report on Thursday, June 26th. JPMorgan Chase & Co. raised their price objective on shares of Shake Shack from $100.00 to $110.00 and gave the stock an "underweight" rating in a report on Wednesday, June 25th. Finally, Stifel Nicolaus dropped their price objective on shares of Shake Shack from $120.00 to $97.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Shake Shack currently has an average rating of "Hold" and an average target price of $124.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nemes Rush Group LLC acquired a new position in Shake Shack in the 4th quarter valued at about $29,000. Harvest Fund Management Co. Ltd bought a new stake in Shake Shack in the 4th quarter valued at about $32,000. Parallel Advisors LLC boosted its holdings in Shake Shack by 679.4% in the 2nd quarter. Parallel Advisors LLC now owns 265 shares of the company's stock valued at $37,000 after purchasing an additional 231 shares during the period. Farther Finance Advisors LLC boosted its holdings in Shake Shack by 939.3% in the 1st quarter. Farther Finance Advisors LLC now owns 291 shares of the company's stock valued at $26,000 after purchasing an additional 263 shares during the period. Finally, Geneos Wealth Management Inc. bought a new stake in Shake Shack in the 1st quarter valued at about $26,000. Institutional investors and hedge funds own 86.07% of the company's stock.

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.