Shake Shack Inc. (NYSE:SHAK) Director Sells $27,478.56 in Stock

Shake Shack Inc. (NYSE:SHAK) Director Jeffrey Flug sold 304 shares of Shake Shack stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $90.39, for a total value of $27,478.56. Following the completion of the sale, the director now directly owns 3,347 shares in the company, valued at approximately $302,535.33. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Wednesday, July 17th, Jeffrey Flug sold 152 shares of Shake Shack stock. The stock was sold at an average price of $90.08, for a total value of $13,692.16.
• 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 4.3 %

Shares of NYSE:SHAK opened at $101.35 on Friday. The company has a quick ratio of 1.99, a current ratio of 2.06 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $4.29 billion, a P/E ratio of 184.27, a P/E/G ratio of 2.58 and a beta of 1.75. Shake Shack Inc. has a 52-week low of $52.79 and a 52-week high of $111.29. The stock’s fifty day simple moving average is $89.05 and its 200-day simple moving average is $93.90.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, August 1st. The company reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. Shake Shack had a net margin of 2.23% and a return on equity of 5.63%. The company had revenue of $316.50 million for the quarter, compared to analyst estimates of $314.37 million. During the same period in the prior year, the firm earned $0.18 EPS. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. As a group, equities research analysts forecast that Shake Shack Inc. will post 0.76 earnings per share 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. Madison Asset Management LLC raised its holdings in Shake Shack by 52.6% in the 4th quarter. Madison Asset Management LLC now owns 84,062 shares of the company’s stock valued at $6,231,000 after acquiring an additional 28,975 shares during the last quarter. Virtu Financial LLC acquired a new position in Shake Shack in the first quarter valued at $653,000. Lisanti Capital Growth LLC purchased a new position in shares of Shake Shack during the 4th quarter worth about $2,784,000. Janney Montgomery Scott LLC acquired a new stake in shares of Shake Shack in the first quarter worth approximately $853,000. Finally, Jennison Associates LLC purchased a new stake in Shake Shack in the first quarter valued at approximately $16,365,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Morgan Stanley reduced their target price on Shake Shack from $108.00 to $100.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Capital One Financial initiated coverage on shares of Shake Shack in a research note on Monday, July 29th. They issued an “overweight” rating and a $95.00 price objective for the company. UBS Group boosted their price objective on shares of Shake Shack from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Wedbush reaffirmed a “neutral” rating and issued a $90.00 target price on shares of Shake Shack in a report on Thursday, August 1st. Finally, Barclays boosted their price target on Shake Shack from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $104.83.

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.