Shake Shack Inc (NYSE:SHAK) Director Jenna Lyons sold 5,125 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $98.92, for a total transaction of $506,965.00. Following the completion of the sale, the director now owns 4,237 shares in the company, valued at approximately $419,124.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shake Shack stock opened at $100.76 on Friday. The company’s 50-day moving average price is $90.94 and its 200-day moving average price is $68.99. Shake Shack Inc has a twelve month low of $40.67 and a twelve month high of $105.84. The company has a quick ratio of 1.08, a current ratio of 1.10 and a debt-to-equity ratio of 0.97. The company has a market cap of $3.62 billion, a PE ratio of 141.92, a price-to-earnings-growth ratio of 6.72 and a beta of 1.28.
Shake Shack (NYSE:SHAK) last posted its earnings results on Monday, August 5th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Shake Shack had a net margin of 2.96% and a return on equity of 9.01%. The firm had revenue of $152.71 million for the quarter, compared to the consensus estimate of $149.77 million. During the same period in the previous year, the firm posted $0.29 EPS. The business’s quarterly revenue was up 31.3% on a year-over-year basis. As a group, sell-side analysts expect that Shake Shack Inc will post 0.64 earnings per share for the current fiscal year.
SHAK has been the topic of several research analyst reports. Morgan Stanley boosted their price target on shares of Shake Shack from $61.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 6th. MKM Partners initiated coverage on shares of Shake Shack in a research note on Tuesday, August 13th. They issued a “neutral” rating and a $75.00 price target on the stock. Zacks Investment Research upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Friday, August 9th. Wedbush reiterated a “hold” rating and issued a $75.00 price target on shares of Shake Shack in a research note on Tuesday, August 6th. Finally, Credit Suisse Group boosted their price target on shares of Shake Shack from $77.00 to $83.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $76.91.
Several institutional investors have recently bought and sold shares of SHAK. Captrust Financial Advisors bought a new position in Shake Shack during the 2nd quarter valued at about $42,000. Kistler Tiffany Companies LLC bought a new position in Shake Shack during the 2nd quarter valued at about $68,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in Shake Shack by 263.2% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,362 shares of the company’s stock valued at $98,000 after purchasing an additional 987 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Shake Shack during the 2nd quarter valued at about $135,000. Finally, National Asset Management Inc. bought a new position in Shake Shack during the 2nd quarter valued at about $203,000. Hedge funds and other institutional investors own 87.14% of the company’s stock.
About Shake Shack
Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 26, 2018, it operated 208 Shacks, including 124 domestic company-operated Shacks, 12 domestic licensed Shacks, and 72 international licensed Shacks.
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