Katherine Irene Fogertey Sells 642 Shares of Shake Shack Inc. (NYSE:SHAK) Stock

Shake Shack Inc. (NYSE:SHAK) CFO Katherine Irene Fogertey sold 642 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total transaction of $88,281.42. Following the transaction, the chief financial officer now owns 30,717 shares in the company, valued at $4,223,894.67. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Katherine Irene Fogertey also recently made the following trade(s):

• On Wednesday, October 2nd, Katherine Irene Fogertey sold 321 shares of Shake Shack stock. The shares were sold at an average price of $103.93, for a total transaction of $33,361.53.

Shake Shack Stock Down 2.4 %

SHAK opened at $131.59 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.98 and a current ratio of 2.01. The company has a market capitalization of $5.59 billion, a PE ratio of 774.06, a P/E/G ratio of 2.83 and a beta of 1.85. The stock’s fifty day moving average is $122.41 and its 200-day moving average is $104.95. Shake Shack Inc. has a one year low of $64.16 and a one year high of $139.89.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. Shake Shack had a net margin of 0.68% and a return on equity of 6.28%. The firm had revenue of $316.92 million for the quarter, compared to analysts’ expectations of $316.03 million. During the same period in the previous year, the business earned $0.17 earnings per share. Shake Shack’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, equities analysts predict that Shake Shack Inc. will post 0.82 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on SHAK. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $102.00 price target (down from $105.00) on shares of Shake Shack in a research note on Tuesday, September 24th. Oppenheimer raised their target price on shares of Shake Shack from $122.00 to $135.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Truist Financial upped their target price on Shake Shack from $127.00 to $144.00 and gave the company a “buy” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $115.00 price target on shares of Shake Shack in a research report on Wednesday, August 28th. Finally, Bank of America boosted their price objective on Shake Shack from $104.00 to $116.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $112.94.

Institutional Trading of Shake Shack

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quest Partners LLC bought a new position in shares of Shake Shack in the second quarter valued at $38,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Shake Shack in the third quarter worth approximately $41,000. Kimelman & Baird LLC purchased a new position in Shake Shack during the 2nd quarter worth approximately $45,000. Covestor Ltd raised its stake in Shake Shack by 41.6% during the 3rd quarter. Covestor Ltd now owns 698 shares of the company’s stock valued at $72,000 after purchasing an additional 205 shares during the period. Finally, CWM LLC lifted its holdings in shares of Shake Shack by 24.7% in the second quarter. CWM LLC now owns 1,046 shares of the company’s stock valued at $94,000 after purchasing an additional 207 shares in the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

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.