Insider Selling: Shake Shack Inc. (NYSE:SHAK) Director Sells 152 Shares of Stock

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

Shake Shack Stock Performance

Shares of SHAK opened at $84.90 on Thursday. The stock has a 50-day moving average of $94.35 and a two-hundred day moving average of $91.47. Shake Shack Inc. has a one year low of $52.79 and a one year high of $111.29. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.99 and a current ratio of 2.03. The stock has a market cap of $3.59 billion, a P/E ratio of 154.37, a P/E/G ratio of 3.43 and a beta of 1.75.

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

Institutional Trading of Shake Shack

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Shake Shack during the 1st quarter valued at about $25,000. GAMMA Investing LLC purchased a new stake in Shake Shack during the 4th quarter worth approximately $32,000. Covestor Ltd increased its stake in Shake Shack by 32,150.0% during the 1st quarter. Covestor Ltd now owns 645 shares of the company’s stock worth $67,000 after buying an additional 643 shares in the last quarter. CWM LLC increased its stake in Shake Shack by 24.7% during the 2nd quarter. CWM LLC now owns 1,046 shares of the company’s stock worth $94,000 after buying an additional 207 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Shake Shack during the 1st quarter worth approximately $97,000. Institutional investors and hedge funds own 86.07% of the company’s stock.

Analyst Upgrades and Downgrades

SHAK has been the topic of several recent research reports. TD Cowen reaffirmed a “buy” rating and set a $125.00 target price on shares of Shake Shack in a research report on Thursday, June 13th. Robert W. Baird increased their target price on Shake Shack from $102.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Oppenheimer increased their target price on Shake Shack from $108.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. JPMorgan Chase & Co. increased their target price on Shake Shack from $102.00 to $105.00 and gave the company an “underweight” rating in a research report on Monday, June 3rd. Finally, BTIG Research increased their target price on Shake Shack from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $99.22.

Shake Shack Company Profile

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.