Shake Shack Inc. (NYSE:SHAK) insider Equity Group L.P. Select sold 36,000 shares of the stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $34.26, for a total value of $1,233,360.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Equity Group L.P. Select also recently made the following trade(s):

  • On Friday, September 9th, Equity Group L.P. Select sold 76,866 shares of Shake Shack stock. The stock was sold at an average price of $36.17, for a total value of $2,780,243.22.
  • On Tuesday, September 6th, Equity Group L.P. Select sold 108,530 shares of Shake Shack stock. The stock was sold at an average price of $35.73, for a total value of $3,877,776.90.
  • On Wednesday, August 31st, Equity Group L.P. Select sold 26,120 shares of Shake Shack stock. The stock was sold at an average price of $35.22, for a total value of $919,946.40.
  • On Tuesday, August 30th, Equity Group L.P. Select sold 29,023 shares of Shake Shack stock. The stock was sold at an average price of $35.50, for a total transaction of $1,030,316.50.
  • On Monday, August 29th, Equity Group L.P. Select sold 27,659 shares of Shake Shack stock. The stock was sold at an average price of $35.23, for a total transaction of $974,426.57.
  • On Friday, August 26th, Equity Group L.P. Select sold 82,363 shares of Shake Shack stock. The stock was sold at an average price of $36.01, for a total transaction of $2,965,891.63.
  • On Tuesday, August 23rd, Equity Group L.P. Select sold 33,830 shares of Shake Shack stock. The stock was sold at an average price of $36.01, for a total transaction of $1,218,218.30.
  • On Monday, August 22nd, Equity Group L.P. Select sold 27,130 shares of Shake Shack stock. The stock was sold at an average price of $35.68, for a total transaction of $967,998.40.
  • On Thursday, August 18th, Equity Group L.P. Select sold 41,010 shares of Shake Shack stock. The stock was sold at an average price of $35.91, for a total transaction of $1,472,669.10.
  • On Tuesday, August 16th, Equity Group L.P. Select sold 160,217 shares of Shake Shack stock. The stock was sold at an average price of $37.76, for a total transaction of $6,049,793.92.

Shares of Shake Shack Inc. (NYSE:SHAK) opened at 34.95 on Monday. Shake Shack Inc. has a one year low of $30.00 and a one year high of $55.92. The firm’s 50-day moving average price is $37.32 and its 200 day moving average price is $36.81. The firm has a market cap of $837.16 million, a P/E ratio of 86.30 and a beta of 1.15.

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

Institutional investors have recently modified their holdings of the company. Gilder Gagnon Howe & Co. LLC raised its position in shares of 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 last quarter. Lord Abbett & CO. LLC raised its position in shares of 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 last quarter. Vanguard Group Inc. raised its position in shares of 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 last quarter. Blair William & Co. IL raised its position in shares of 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 last quarter. Finally, BlackRock Fund Advisors raised its position in shares of 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 last quarter. 93.72% of the stock is currently owned by institutional investors.

Several equities analysts have recently weighed in on SHAK shares. Vetr cut shares of Shake Shack from a “strong-buy” rating to a “buy” rating and set a $37.54 price target for the company. in a research note on Monday, May 23rd. Jefferies Group reaffirmed a “hold” rating and set a $40.00 price target on shares of Shake Shack in a research note on Friday, May 27th. SunTrust Banks Inc. started coverage on shares of Shake Shack in a research note on Wednesday, June 1st. They set a “neutral” rating for the company. Buckingham Research started coverage on shares of Shake Shack in a research note on Thursday, June 16th. They set a “buy” rating and a $45.00 price target for the company. Finally, Wedbush assumed coverage on shares of Shake Shack in a research note on Wednesday, July 6th. They set an “underperform” rating and a $30.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $40.56.

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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