Katherine Irene Fogertey Sells 670 Shares of Shake Shack, Inc. (NYSE:SHAK) Stock

Shake Shack, Inc. (NYSE:SHAK - Get Free Report) CFO Katherine Irene Fogertey sold 670 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $140.03, for a total value of $93,820.10. Following the transaction, the chief financial officer directly owned 32,495 shares in the company, valued at $4,550,274.85. The trade was a 2.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, July 7th, Katherine Irene Fogertey sold 2,023 shares of Shake Shack stock. The stock was sold at an average price of $141.28, for a total transaction of $285,809.44.
• On Friday, June 13th, Katherine Irene Fogertey sold 562 shares of Shake Shack stock. The shares were 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 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 Price Performance

Shares of SHAK stock traded down $2.12 during trading hours on Friday, reaching $139.91. The company's stock had a trading volume of 910,384 shares, compared to its average volume of 1,206,234. Shake Shack, Inc. has a fifty-two week low of $72.93 and a fifty-two week high of $144.65. The firm's 50 day simple moving average is $124.93 and its 200-day simple moving average is $111.43. The company has a quick ratio of 1.88, a current ratio of 1.91 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 499.68, a PEG ratio of 3.33 and a beta of 1.77.

Shake Shack (NYSE:SHAK - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). The business had revenue of $320.90 million during the quarter, compared to analyst estimates 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 period last year, the business earned $0.13 earnings per share. Sell-side analysts forecast that Shake Shack, Inc. will post 1.26 earnings per share for the current year.

Hedge Funds Weigh In On Shake Shack

A number of institutional investors have recently added to or reduced their stakes in SHAK. Congress Park Capital LLC bought a new position in shares of Shake Shack during the second quarter valued at $211,000. Farther Finance Advisors LLC increased its holdings in Shake Shack by 167.7% in the second quarter. Farther Finance Advisors LLC now owns 779 shares of the company's stock valued at $110,000 after purchasing an additional 488 shares during the period. Cooper Investors PTY Ltd. raised its position in Shake Shack by 17,729.9% during the 2nd quarter. Cooper Investors PTY Ltd. now owns 89,506 shares of the company's stock worth $12,585,000 after purchasing an additional 89,004 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Shake Shack by 12.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,227 shares of the company's stock worth $1,026,000 after purchasing an additional 806 shares during the last quarter. Finally, DLK Investment Management LLC acquired a new position in Shake Shack during the 2nd quarter worth about $278,000. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SHAK has been the subject of a number of research analyst reports. TD Securities restated a "hold" rating and set a $105.00 price objective on shares of Shake Shack in a report on Thursday, June 26th. TD Cowen cut Shake Shack from a "buy" rating to a "hold" rating and set a $105.00 price target for the company. in a report on Monday, May 19th. Oppenheimer reaffirmed an "outperform" rating and issued a $160.00 price objective (up from $125.00) on shares of Shake Shack in a report on Thursday, June 26th. KeyCorp started coverage on Shake Shack in a research report on Monday, June 2nd. They set a "sector weight" rating on the stock. Finally, JPMorgan Chase & Co. boosted their target price on shares of Shake Shack from $100.00 to $110.00 and gave the company an "underweight" rating in a research report on Wednesday, June 25th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $124.90.

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.