Jeffrey Flug Purchases 1,000 Shares of Shake Shack (NYSE:SHAK) Stock

Shake Shack, Inc. (NYSE:SHAK) Director Jeffrey Flug acquired 1,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $61.30 per share, with a total value of $61,300.00. Following the completion of the transaction, the director directly owned 5,470 shares of the company’s stock, valued at $335,311. This trade represents a 22.37% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Shake Shack Trading Down 1.2%

Shake Shack stock traded down $0.75 during mid-day trading on Monday, hitting $59.66. The company’s stock had a trading volume of 2,487,824 shares, compared to its average volume of 1,685,013. The firm has a market capitalization of $2.55 billion, a PE ratio of 60.88, a price-to-earnings-growth ratio of 2.50 and a beta of 1.78. Shake Shack, Inc. has a 1 year low of $59.49 and a 1 year high of $144.65. The company has a current ratio of 1.69, a quick ratio of 1.66 and a debt-to-equity ratio of 0.45. The stock’s fifty day moving average is $90.37 and its two-hundred day moving average is $89.83.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.11). The business had revenue of $366.74 million during the quarter, compared to analysts’ expectations of $372.43 million. Shake Shack had a return on equity of 9.62% and a net margin of 2.76%.The company’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 earnings per share. On average, analysts anticipate that Shake Shack, Inc. will post 1.24 EPS for the current year.

Institutional Trading of Shake Shack

Several hedge funds have recently modified their holdings of SHAK. Swedbank AB acquired a new stake in shares of Shake Shack in the fourth quarter valued at $84,092,000. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Shake Shack in the fourth quarter valued at $40,829,000. Wellington Management Group LLP raised its stake in Shake Shack by 21.0% in the third quarter. Wellington Management Group LLP now owns 2,590,911 shares of the company’s stock valued at $242,535,000 after buying an additional 450,406 shares in the last quarter. Marshall Wace LLP raised its stake in Shake Shack by 285.2% in the third quarter. Marshall Wace LLP now owns 586,999 shares of the company’s stock valued at $54,949,000 after buying an additional 434,625 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Shake Shack in the fourth quarter valued at $20,455,000. 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 several analyst reports. Wells Fargo & Company lowered their price objective on Shake Shack from $100.00 to $80.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $117.00 price target on shares of Shake Shack in a research report on Wednesday, April 15th. Stifel Nicolaus upgraded Shake Shack from a “hold” rating to a “buy” rating and lowered their price target for the stock from $105.00 to $85.00 in a research report on Friday, May 8th. BNP Paribas Exane lowered their price target on Shake Shack from $124.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. Finally, TD Cowen lowered their price target on Shake Shack from $105.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Shake Shack has a consensus rating of “Moderate Buy” and a consensus price target of $107.08.

Shake Shack Company Profile

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.