Shake Shack (NYSE:SHAK) Director Jeffrey Flug Buys 1,000 Shares

Shake Shack, Inc. (NYSE:SHAK) Director Jeffrey Flug acquired 1,000 shares of the company’s stock in a transaction on Friday, May 15th. The shares were bought at an average price of $61.30 per share, for a total transaction of $61,300.00. Following the completion of the purchase, the director owned 5,470 shares in the company, valued at approximately $335,311. This represents a 22.37% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shake Shack Price Performance

Shares of NYSE:SHAK opened at $59.66 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.66 and a debt-to-equity ratio of 0.45. The stock’s fifty day simple moving average is $89.62 and its two-hundred day simple moving average is $89.60. Shake Shack, Inc. has a 1-year low of $59.49 and a 1-year high of $144.65. The stock has a market cap of $2.55 billion, a PE ratio of 60.88, a price-to-earnings-growth ratio of 2.50 and a beta of 1.78.

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

Institutional Investors Weigh In On Shake Shack

Several large investors have recently added to or reduced their stakes in SHAK. Swedbank AB purchased a new stake in Shake Shack in the 4th quarter worth about $84,092,000. Adage Capital Partners GP L.L.C. purchased a new stake in Shake Shack in the 4th quarter worth about $40,829,000. Wellington Management Group LLP increased its holdings in Shake Shack by 21.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,590,911 shares of the company’s stock worth $242,535,000 after acquiring an additional 450,406 shares during the last quarter. Marshall Wace LLP increased its holdings in Shake Shack by 285.2% in the 3rd quarter. Marshall Wace LLP now owns 586,999 shares of the company’s stock worth $54,949,000 after acquiring an additional 434,625 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Shake Shack in the 4th quarter worth about $20,455,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Analyst Ratings Changes

SHAK has been the topic of a number of recent analyst reports. Weiss Ratings cut Shake Shack from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $117.00 target price on shares of Shake Shack in a research note on Wednesday, April 15th. Piper Sandler set a $79.00 target price on Shake Shack in a research note on Thursday, May 7th. The Goldman Sachs Group reiterated a “buy” rating on shares of Shake Shack in a research note on Friday, May 8th. Finally, Mizuho set a $100.00 target price on Shake Shack in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $107.08.

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.