Shake Shack, Inc. (NYSE:SHAK) CFO Sells $93,820.10 in Stock

Shake Shack, Inc. (NYSE:SHAK - Get Free Report) CFO Katherine Irene Fogertey sold 670 shares of the business's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $140.03, for a total transaction of $93,820.10. Following the completion of the sale, the chief financial officer directly owned 32,495 shares of the company's stock, valued at approximately $4,550,274.85. This trade represents a 2.02% 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 this link.

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 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 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 stock was sold at an average price of $115.05, for a total transaction of $20,709.00.

Shake Shack Price Performance

Shares of NYSE:SHAK traded up $1.29 during midday trading on Thursday, hitting $142.02. The company's stock had a trading volume of 880,440 shares, compared to its average volume of 1,207,409. The business's 50 day simple moving average is $124.93 and its 200 day simple moving average is $111.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.88 and a current ratio of 1.91. The company has a market cap of $6.06 billion, a P/E ratio of 507.23, a price-to-earnings-growth ratio of 3.33 and a beta of 1.77. Shake Shack, Inc. has a 12-month low of $72.93 and a 12-month high of $144.42.

Shake Shack (NYSE:SHAK - Get Free Report) last issued its 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 return on equity of 8.45% and a net margin of 0.97%. The firm had revenue of $320.90 million for the quarter, compared to analysts' expectations of $330.24 million. During the same period last year, the firm earned $0.13 earnings per share. Shake Shack's revenue for the quarter was up 10.5% on a year-over-year basis. On average, analysts forecast that Shake Shack, Inc. will post 1.26 EPS for the current year.

Hedge Funds Weigh In On Shake Shack

Institutional investors have recently bought and sold shares of the company. Driehaus Capital Management LLC acquired a new stake in shares of Shake Shack during the fourth quarter valued at about $66,349,000. Nuveen LLC acquired a new position in shares of Shake Shack in the first quarter valued at approximately $42,802,000. Ameriprise Financial Inc. lifted its stake in Shake Shack by 144.3% in the first quarter. Ameriprise Financial Inc. now owns 791,857 shares of the company's stock worth $69,805,000 after acquiring an additional 467,748 shares during the last quarter. Invesco Ltd. lifted its stake in 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, Jump Financial LLC purchased a new position in Shake Shack in the first quarter worth approximately $17,064,000. 86.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SHAK has been the subject of several recent analyst reports. Oppenheimer reiterated an "outperform" rating and set a $160.00 price objective (up previously from $125.00) on shares of Shake Shack in a research note on Thursday, June 26th. The Goldman Sachs Group upped their price target on shares of Shake Shack from $120.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. TD Cowen lowered shares of Shake Shack from a "buy" rating to a "hold" rating and set a $105.00 price target on the stock. in a research note on Monday, May 19th. UBS Group cut 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 note on Monday, April 28th. Finally, TD Securities restated a "hold" rating and set a $105.00 price target on shares of Shake Shack in a research report on Thursday, June 26th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $124.90.

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.