Shake Shack Inc. (NYSE:SHAK) Director Jeffrey Flug sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $34.51, for a total transaction of $862,750.00. Following the transaction, the director now owns 33,240 shares in the company, valued at approximately $1,147,112.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Jeffrey Flug also recently made the following trade(s):

  • On Thursday, September 8th, Jeffrey Flug sold 59,521 shares of Shake Shack stock. The stock was sold at an average price of $36.24, for a total transaction of $2,157,041.04.
  • On Wednesday, August 24th, Jeffrey Flug sold 42,393 shares of Shake Shack stock. The stock was sold at an average price of $36.23, for a total transaction of $1,535,898.39.
  • On Monday, August 15th, Jeffrey Flug sold 15,772 shares of Shake Shack stock. The stock was sold at an average price of $37.92, for a total transaction of $598,074.24.
  • On Wednesday, July 20th, Jeffrey Flug sold 5,000 shares of Shake Shack stock. The stock was sold at an average price of $40.01, for a total transaction of $200,050.00.

Shares of Shake Shack Inc. (NYSE:SHAK) opened at 34.10 on Wednesday. Shake Shack Inc. has a 52 week low of $30.00 and a 52 week high of $53.50. The firm’s 50 day moving average is $36.54 and its 200-day moving average is $36.57. The firm has a market cap of $816.80 million, a price-to-earnings ratio of 84.20 and a beta of 1.15.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. The business earned $66.50 million during the quarter, compared to the consensus estimate of $63.07 million. Shake Shack had a net margin of 3.35% and a return on equity of 8.09%. Shake Shack’s revenue for the quarter was up 37.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 earnings per share. Equities research analysts predict that Shake Shack Inc. will post $0.45 EPS for the current year.

SHAK has been the topic of several recent research reports. Vetr upgraded shares of Shake Shack from a “buy” rating to a “strong-buy” rating and set a $39.64 price target on the stock in a research report on Monday, September 5th. Buckingham Research restated a “buy” rating and issued a $45.00 price target on shares of Shake Shack in a research report on Friday, September 16th. Zacks Investment Research upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Saturday, July 23rd. SunTrust Banks Inc. initiated coverage on shares of Shake Shack in a research report on Wednesday, June 1st. They issued a “neutral” rating on the stock. Finally, Jefferies Group restated a “hold” rating and issued a $40.00 price target on shares of Shake Shack in a research report on Friday, May 27th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $40.56.

Large investors have recently bought and sold shares of the company. Gilder Gagnon Howe & Co. LLC increased its stake in Shake Shack by 20.6% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,720,760 shares of the company’s stock worth $62,687,000 after buying an additional 294,113 shares during the period. Lord Abbett & CO. LLC increased its stake in Shake Shack by 223.7% in the second quarter. Lord Abbett & CO. LLC now owns 1,061,520 shares of the company’s stock worth $38,671,000 after buying an additional 733,625 shares during the period. Vanguard Group Inc. increased its stake in Shake Shack by 270.0% in the second quarter. Vanguard Group Inc. now owns 937,625 shares of the company’s stock worth $34,157,000 after buying an additional 684,234 shares during the period. Blair William & Co. IL increased its stake in Shake Shack by 111.6% in the second quarter. Blair William & Co. IL now owns 489,933 shares of the company’s stock worth $17,848,000 after buying an additional 258,341 shares during the period. Finally, BlackRock Fund Advisors increased its stake in Shake Shack by 168.6% in the second quarter. BlackRock Fund Advisors now owns 368,818 shares of the company’s stock worth $13,436,000 after buying an additional 231,532 shares during the period. 93.41% of the stock is owned by institutional investors and hedge funds.

About Shake Shack

Shake Shack Inc operates roadside burger stands. The Company serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. The Company has approximately 84 Shacks in over 10 countries and approximately 45 cities. The Company’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard.

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