Shake Shack Inc. (NYSE:SHAK) Director Sells $12,959.52 in Stock

Shake Shack Inc. (NYSE:SHAK) Director Jeffrey Flug sold 152 shares of Shake Shack stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $85.26, for a total value of $12,959.52. Following the transaction, the director now owns 3,803 shares of the company’s stock, valued at $324,243.78. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shake Shack Price Performance

SHAK stock opened at $84.45 on Friday. The company has a market cap of $3.57 billion, a PE ratio of 153.55, a price-to-earnings-growth ratio of 3.35 and a beta of 1.75. The company has a current ratio of 2.03, a quick ratio of 1.99 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average price of $93.94 and a two-hundred day moving average price of $91.42. Shake Shack Inc. has a 12-month low of $52.79 and a 12-month high of $111.29.

Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $290.50 million during the quarter, compared to analysts’ expectations of $291.00 million. Shake Shack had a return on equity of 4.86% and a net margin of 2.08%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.01) EPS. As a group, research analysts predict that Shake Shack Inc. will post 0.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SHAK shares. Barclays boosted their price target on Shake Shack from $92.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. BTIG Research boosted their target price on shares of Shake Shack from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, May 6th. UBS Group raised their price target on shares of Shake Shack from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Robert W. Baird boosted their price objective on shares of Shake Shack from $102.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Finally, Wedbush upped their price objective on shares of Shake Shack from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $99.22.

Institutional Investors Weigh In On Shake Shack

Large investors have recently made changes to their positions in the business. Lido Advisors LLC purchased a new stake in Shake Shack during the 3rd quarter worth $312,000. Savoir Faire Capital Management L.P. purchased a new stake in shares of Shake Shack in the third quarter worth about $1,545,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Shake Shack in the third quarter worth about $1,700,000. Hedges Asset Management LLC grew its stake in shares of Shake Shack by 3.8% in the fourth quarter. Hedges Asset Management LLC now owns 24,600 shares of the company’s stock valued at $1,823,000 after buying an additional 900 shares in the last quarter. Finally, Legato Capital Management LLC raised its holdings in shares of Shake Shack by 49.2% during the 4th 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 period. Institutional investors and hedge funds own 86.07% 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, 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.