Shake Shack (NYSE:SHAK) Director Josh Silverman Purchases 8,290 Shares

Shake Shack, Inc. (NYSE:SHAK) Director Josh Silverman bought 8,290 shares of Shake Shack stock in a transaction dated Friday, May 15th. The shares were bought at an average cost of $60.38 per share, for a total transaction of $500,550.20. Following the completion of the acquisition, the director owned 8,290 shares in the company, valued at $500,550.20. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shake Shack Stock Down 1.2%

SHAK stock opened at $59.66 on Tuesday. The company has a market cap 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. The business has a 50-day simple moving average of $89.62 and a 200 day simple moving average of $89.60. Shake Shack, Inc. has a 52 week low of $59.49 and a 52 week high of $144.65. The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.45.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.11). The company had revenue of $366.74 million during the quarter, compared to analyst estimates of $372.43 million. Shake Shack had a net margin of 2.76% and a return on equity of 9.62%. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS. Sell-side analysts anticipate that Shake Shack, Inc. will post 1.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Shake Shack

Several hedge funds have recently modified their holdings of the company. Glenview Trust co boosted its holdings in shares of Shake Shack by 1.5% during the 2nd quarter. Glenview Trust co now owns 6,925 shares of the company’s stock valued at $974,000 after acquiring an additional 100 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Shake Shack by 12.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 964 shares of the company’s stock valued at $91,000 after acquiring an additional 107 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Shake Shack by 42.2% during the 4th quarter. UMB Bank n.a. now owns 391 shares of the company’s stock valued at $32,000 after acquiring an additional 116 shares in the last quarter. Maryland State Retirement & Pension System boosted its holdings in shares of Shake Shack by 2.1% during the 4th quarter. Maryland State Retirement & Pension System now owns 5,905 shares of the company’s stock valued at $479,000 after acquiring an additional 119 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Shake Shack by 5.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,503 shares of the company’s stock valued at $234,000 after acquiring an additional 138 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SHAK shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $117.00 price target on shares of Shake Shack in a research note on Wednesday, April 15th. Guggenheim decreased their price target on Shake Shack from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. TD Cowen decreased their price target on Shake Shack from $105.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, May 7th. Wolfe Research started coverage on Shake Shack in a research note on Monday, March 9th. They issued an “outperform” rating and a $118.00 price target on the stock. Finally, Wells Fargo & Company decreased their price target on Shake Shack from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.