Shake Shack (NYSE:SHAK) Insider Sells $19,838.00 in Stock

Shake Shack, Inc. (NYSE:SHAK) insider Stephanie Ann Sentell sold 200 shares of Shake Shack stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $99.19, for a total transaction of $19,838.00. Following the sale, the insider owned 9,507 shares in the company, valued at approximately $942,999.33. This trade represents a 2.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Stephanie Ann Sentell also recently made the following trade(s):

• On Friday, December 19th, Stephanie Ann Sentell sold 200 shares of Shake Shack stock. The stock was sold at an average price of $85.78, for a total transaction of $17,156.00.
• On Tuesday, November 25th, Stephanie Ann Sentell sold 1,100 shares of Shake Shack stock. The stock was sold at an average price of $85.14, for a total transaction of $93,654.00.

Shake Shack Trading Down 0.5%

SHAK stock opened at $92.15 on Friday. Shake Shack, Inc. has a 1-year low of $72.93 and a 1-year high of $144.65. The company has a current ratio of 1.84, a quick ratio of 1.81 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $86.87 and its 200-day moving average is $99.00. The firm has a market cap of $3.93 billion, a P/E ratio of 90.34, a P/E/G ratio of 2.39 and a beta of 1.68.

Shake Shack (NYSE:SHAK) last posted its earnings results on Thursday, October 30th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.31 by $0.05. Shake Shack had a return on equity of 10.43% and a net margin of 3.10%.The business had revenue of $367.41 million during the quarter, compared to the consensus estimate of $363.69 million. During the same quarter last year, the company earned $0.25 EPS. Shake Shack’s revenue was up 15.9% on a year-over-year basis. Equities analysts anticipate that Shake Shack, Inc. will post 1.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SHAK. Wells Fargo & Company lowered their target price on shares of Shake Shack from $100.00 to $90.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Piper Sandler decreased their price objective on shares of Shake Shack from $126.00 to $102.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. UBS Group cut their target price on shares of Shake Shack from $140.00 to $104.00 and set a “neutral” rating for the company in a research note on Thursday, October 23rd. Morgan Stanley raised Shake Shack from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $115.00 to $125.00 in a report on Tuesday. Finally, The Goldman Sachs Group dropped their price target on Shake Shack from $160.00 to $137.00 and set a “buy” rating for the company in a report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $116.52.

Institutional Trading of Shake Shack

Several hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP raised its position 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 purchasing an additional 450,406 shares during the last quarter. 12 West Capital Management LP increased its stake in shares of Shake Shack by 13.6% in the 3rd quarter. 12 West Capital Management LP now owns 1,753,595 shares of the company’s stock valued at $164,154,000 after buying an additional 210,000 shares during the period. State Street Corp raised its position in shares of Shake Shack by 1.1% during the second quarter. State Street Corp now owns 1,470,084 shares of the company’s stock worth $206,694,000 after acquiring an additional 15,607 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Shake Shack by 1.5% during the second quarter. Geode Capital Management LLC now owns 914,533 shares of the company’s stock valued at $128,600,000 after acquiring an additional 13,932 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Shake Shack by 9.2% in the second quarter. Ameriprise Financial Inc. now owns 864,839 shares of the company’s stock valued at $121,602,000 after acquiring an additional 72,982 shares during the last quarter. 86.07% of the stock is owned by institutional investors.

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.