Shake Shack Inc (NYSE:SHAK) Director Daniel Harris Meyer sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $55.09, for a total value of $1,377,250.00. Following the completion of the transaction, the director now directly owns 1,364 shares in the company, valued at approximately $75,142.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Daniel Harris Meyer also recently made the following trade(s):

  • On Monday, June 1st, Daniel Harris Meyer sold 25,000 shares of Shake Shack stock. The shares were sold at an average price of $55.16, for a total value of $1,379,000.00.
  • On Friday, May 8th, Daniel Harris Meyer sold 25,000 shares of Shake Shack stock. The stock was sold at an average price of $55.15, for a total value of $1,378,750.00.

Shares of NYSE:SHAK opened at $48.55 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 1.15. Shake Shack Inc has a 52-week low of $30.01 and a 52-week high of $105.84. The stock’s fifty day simple moving average is $51.98 and its 200-day simple moving average is $54.22. The company has a market capitalization of $2.00 billion, a P/E ratio of 95.20 and a beta of 1.74.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, July 30th. The company reported ($0.45) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.37) by ($0.08). The business had revenue of $91.79 million during the quarter, compared to analyst estimates of $93.29 million. Shake Shack had a net margin of 2.70% and a return on equity of 7.45%. On average, sell-side analysts anticipate that Shake Shack Inc will post -0.58 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Eminence Capital LP increased its stake in Shake Shack by 137.9% in the first quarter. Eminence Capital LP now owns 2,592,957 shares of the company’s stock valued at $97,858,000 after purchasing an additional 1,502,957 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in Shake Shack by 51.2% during the first quarter. Lord Abbett & CO. LLC now owns 1,962,436 shares of the company’s stock worth $74,063,000 after acquiring an additional 664,733 shares during the last quarter. Invesco Ltd. increased its stake in Shake Shack by 1.0% during the first quarter. Invesco Ltd. now owns 1,044,081 shares of the company’s stock worth $39,404,000 after acquiring an additional 10,035 shares during the last quarter. Macquarie Group Ltd. increased its stake in Shake Shack by 23.9% during the fourth quarter. Macquarie Group Ltd. now owns 923,965 shares of the company’s stock worth $55,041,000 after acquiring an additional 178,521 shares during the last quarter. Finally, State Street Corp increased its stake in Shake Shack by 8.0% during the first quarter. State Street Corp now owns 897,389 shares of the company’s stock worth $33,867,000 after acquiring an additional 66,123 shares during the last quarter. Hedge funds and other institutional investors own 80.91% of the company’s stock.

SHAK has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on Shake Shack from $47.00 to $51.00 and gave the stock an “underweight” rating in a report on Wednesday, June 24th. SunTrust Banks upped their price objective on Shake Shack from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Tuesday, May 5th. Credit Suisse Group upped their price objective on Shake Shack from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday. CSFB boosted their target price on Shake Shack from $40.00 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, BTIG Research assumed coverage on Shake Shack in a research report on Monday, April 20th. They set a “neutral” rating on the stock. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $57.18.

About Shake Shack

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 26, 2018, it operated 208 Shacks, including 124 domestic company-operated Shacks, 12 domestic licensed Shacks, and 72 international licensed Shacks.

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Insider Buying and Selling by Quarter for Shake Shack (NYSE:SHAK)

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