Insider Selling: Shake Shack Inc. (NYSE:SHAK) Director Sells $13,692.16 in Stock

Shake Shack Inc. (NYSE:SHAK) Director Jeffrey Flug sold 152 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $90.08, for a total value of $13,692.16. Following the completion of the sale, the director now directly owns 3,651 shares of the company’s stock, valued at approximately $328,882.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Jeffrey Flug also recently made the following trade(s):

• On Friday, July 5th, Jeffrey Flug sold 152 shares of Shake Shack stock. The shares were sold at an average price of $85.26, for a total value of $12,959.52.

Shake Shack Stock Up 0.9 %

Shares of NYSE:SHAK opened at $84.46 on Monday. Shake Shack Inc. has a 52-week low of $52.79 and a 52-week high of $111.29. The firm has a market capitalization of $3.57 billion, a P/E ratio of 153.57, a P/E/G ratio of 2.36 and a beta of 1.75. The stock has a 50 day moving average price of $91.62 and a 200-day moving average price of $92.16. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.99 and a current ratio of 2.03.

Shake Shack (NYSE:SHAK) last announced its earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. Shake Shack had a return on equity of 4.86% and a net margin of 2.08%. The firm had revenue of $290.50 million during the quarter, compared to analyst estimates of $291.00 million. During the same quarter in the prior year, the company earned ($0.01) EPS. The business’s revenue was up 14.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Shake Shack Inc. will post 0.75 EPS for the current fiscal year.

Hedge Funds Weigh In On Shake Shack

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new stake in shares of Shake Shack in the 3rd quarter worth approximately $1,700,000. Legato Capital Management LLC raised its stake in Shake Shack by 49.2% during the fourth quarter. Legato Capital Management LLC now owns 13,162 shares of the company’s stock valued at $976,000 after buying an additional 4,340 shares during the last quarter. Raymond James & Associates boosted its holdings in Shake Shack by 53.7% in the fourth quarter. Raymond James & Associates now owns 73,771 shares of the company’s stock worth $5,468,000 after acquiring an additional 25,761 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Shake Shack by 60.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 77,901 shares of the company’s stock worth $5,774,000 after acquiring an additional 29,431 shares during the last quarter. Finally, DAVENPORT & Co LLC grew its stake in shares of Shake Shack by 8.0% in the fourth quarter. DAVENPORT & Co LLC now owns 10,739 shares of the company’s stock worth $796,000 after acquiring an additional 800 shares during the last quarter. Institutional investors own 86.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SHAK shares. Barclays boosted their target price on Shake Shack from $92.00 to $108.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. UBS Group boosted their target price on Shake Shack from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Wedbush lowered their target price on Shake Shack from $110.00 to $90.00 and set a “neutral” rating for the company in a research note on Friday. JPMorgan Chase & Co. boosted their target price on Shake Shack from $102.00 to $105.00 and gave the company an “underweight” rating in a research note on Monday, June 3rd. Finally, Robert W. Baird boosted their target price on Shake Shack from $102.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $99.50.

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.