Shake Shack (NYSE:SHAK) CEO Acquires $301,950.00 in Stock

Shake Shack, Inc. (NYSE:SHAK) CEO Robert Lynch acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $60.39 per share, with a total value of $301,950.00. Following the completion of the acquisition, the chief executive officer directly owned 77,845 shares in the company, valued at approximately $4,701,059.55. This represents a 6.86% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shake Shack Stock Performance

SHAK stock traded down $0.75 on Monday, reaching $59.66. The company’s stock had a trading volume of 2,487,824 shares, compared to its average volume of 1,685,013. Shake Shack, Inc. has a 52 week low of $59.49 and a 52 week high of $144.65. The company has a market capitalization of $2.55 billion, a P/E ratio of 60.88, a price-to-earnings-growth ratio of 2.50 and a beta of 1.78. The firm has a fifty day moving average of $90.37 and a two-hundred day moving average of $89.83. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.69 and a quick ratio of 1.66.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.11). Shake Shack had a return on equity of 9.62% and a net margin of 2.76%.The business had revenue of $366.74 million during the quarter, compared to the consensus estimate of $372.43 million. During the same period last year, the company earned $0.14 earnings per share. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. As a group, analysts predict that Shake Shack, Inc. will post 1.24 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Stifel Nicolaus raised Shake Shack from a “hold” rating to a “buy” rating and decreased their price target for the company from $105.00 to $85.00 in a research note on Friday, May 8th. Wolfe Research initiated coverage on Shake Shack in a research note on Monday, March 9th. They set an “outperform” rating and a $118.00 price target for the company. Barclays cut their price objective on Shake Shack from $118.00 to $96.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Raymond James Financial set a $140.00 price objective on Shake Shack in a research report on Wednesday, January 21st. Finally, Weiss Ratings downgraded Shake Shack from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $107.08.

Institutional Investors Weigh In On Shake Shack

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Glenview Trust co lifted its position in shares of Shake Shack by 1.5% during the 2nd quarter. Glenview Trust co now owns 6,925 shares of the company’s stock valued at $974,000 after acquiring an additional 100 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Shake Shack by 12.5% in the third quarter. Smartleaf Asset Management LLC now owns 964 shares of the company’s stock valued at $91,000 after purchasing an additional 107 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Shake Shack by 42.2% in the fourth quarter. UMB Bank n.a. now owns 391 shares of the company’s stock valued at $32,000 after purchasing an additional 116 shares in the last quarter. Maryland State Retirement & Pension System lifted its holdings in shares of Shake Shack by 2.1% in the fourth quarter. Maryland State Retirement & Pension System now owns 5,905 shares of the company’s stock valued at $479,000 after purchasing an additional 119 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Shake Shack by 5.8% in the third quarter. Nisa Investment Advisors LLC now owns 2,503 shares of the company’s stock valued at $234,000 after purchasing an additional 138 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

About Shake Shack

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.