Shake Shack Inc. (NYSE:SHAK) Director Sells $1,301,000.00 in Stock

Shake Shack Inc. (NYSE:SHAK - Get Free Report) Director Daniel Harris Meyer sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $130.10, for a total transaction of $1,301,000.00. Following the transaction, the director now directly owns 396,636 shares in the company, valued at approximately $51,602,343.60. The trade was a 2.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Daniel Harris Meyer also recently made the following trade(s):

• On Friday, May 30th, Daniel Harris Meyer sold 10,000 shares of Shake Shack stock. The shares were sold at an average price of $130.10, for a total transaction of $1,301,000.00.

Shake Shack Price Performance

Shares of Shake Shack stock traded up $1.15 during trading on Thursday, reaching $128.10. The company's stock had a trading volume of 2,067,711 shares, compared to its average volume of 1,171,054. The stock has a 50-day moving average price of $99.70 and a two-hundred day moving average price of $110.80. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50. Shake Shack Inc. has a one year low of $72.93 and a one year high of $139.89. The stock has a market capitalization of $5.47 billion, a P/E ratio of 556.96 and a beta of 1.61.

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

Hedge Funds Weigh In On Shake Shack

Several institutional investors and hedge funds have recently modified their holdings of SHAK. Driehaus Capital Management LLC acquired a new position in shares of Shake Shack in the 4th quarter valued at approximately $66,349,000. Nuveen LLC acquired a new position in shares of Shake Shack in the 1st quarter valued at approximately $42,802,000. Ameriprise Financial Inc. boosted its position in Shake Shack by 144.3% during the 1st 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. boosted its position in Shake Shack by 30.7% during the 4th 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 position in Shake Shack during the 4th quarter worth approximately $26,756,000. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on SHAK shares. BTIG Research downgraded Shake Shack from a "buy" rating to a "neutral" rating in a report on Monday. Stifel Nicolaus lowered their price objective 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. Wells Fargo & Company raised their price objective on shares of Shake Shack from $95.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Friday, May 30th. JPMorgan Chase & Co. lowered their price objective on shares of Shake Shack from $105.00 to $100.00 and set an "underweight" rating on the stock in a research note on Monday, May 5th. Finally, Raymond James restated a "strong-buy" rating and issued a $140.00 price objective (down previously from $145.00) on shares of Shake Shack in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $115.40.

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.