Shake Shack, Inc. (NYSE:SHAK) major shareholder Equity Group L.P. Select sold 50,630 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $36.57, for a total transaction of $1,851,539.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Shake Shack, Inc. (SHAK) traded down $0.52 on Tuesday, reaching $36.46. 621,087 shares of the company traded hands, compared to its average volume of 695,915. The firm has a market capitalization of $1,340.00 and a price-to-earnings ratio of 66.04. Shake Shack, Inc. has a 52-week low of $30.12 and a 52-week high of $39.70.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. The firm had revenue of $94.60 million for the quarter, compared to analyst estimates of $94.17 million. Shake Shack had a net margin of 4.78% and a return on equity of 9.42%. Shake Shack’s quarterly revenue was up 26.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 earnings per share. analysts anticipate that Shake Shack, Inc. will post 0.52 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its stake in Shake Shack by 4.6% during the second quarter. Ameriprise Financial Inc. now owns 108,715 shares of the company’s stock worth $3,792,000 after acquiring an additional 4,764 shares during the period. Brighton Jones LLC acquired a new stake in Shake Shack during the second quarter worth about $425,000. Thrivent Financial For Lutherans acquired a new stake in Shake Shack during the first quarter worth about $333,000. FMR LLC raised its stake in Shake Shack by 5.7% during the second quarter. FMR LLC now owns 2,615,287 shares of the company’s stock worth $91,221,000 after acquiring an additional 142,140 shares during the period. Finally, Macquarie Group Ltd. raised its stake in Shake Shack by 18.9% during the second quarter. Macquarie Group Ltd. now owns 844,390 shares of the company’s stock worth $29,452,000 after acquiring an additional 134,386 shares during the period. Hedge funds and other institutional investors own 83.94% of the company’s stock.

A number of brokerages have recently issued reports on SHAK. Wedbush restated a “hold” rating and issued a $36.00 target price on shares of Shake Shack in a research note on Thursday, November 2nd. Cowen and Company upped their target price on shares of Shake Shack from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Thursday, November 2nd. Morgan Stanley upped their target price on shares of Shake Shack from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. Barclays PLC upped their target price on shares of Shake Shack from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. Finally, SunTrust Banks, Inc. restated a “buy” rating and issued a $50.00 target price on shares of Shake Shack in a research note on Friday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Shake Shack currently has an average rating of “Hold” and an average target price of $37.61.

Shake Shack Company Profile

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’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard.

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

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