Sumaiya Balbale Purchases 4,068 Shares of Shake Shack (NYSE:SHAK) Stock

Shake Shack, Inc. (NYSE:SHAK) Director Sumaiya Balbale bought 4,068 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average price of $61.42 per share, for a total transaction of $249,856.56. Following the transaction, the director directly owned 13,407 shares in the company, valued at approximately $823,457.94. This represents a 43.56% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shake Shack Price Performance

Shares of NYSE:SHAK traded down $0.75 during midday trading on Monday, reaching $59.66. 2,487,824 shares of the company’s stock traded hands, compared to its average volume of 1,685,013. Shake Shack, Inc. has a 1 year low of $59.49 and a 1 year high of $144.65. The company has a market cap of $2.55 billion, a P/E ratio of 60.88, a PEG ratio of 2.50 and a beta of 1.78. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.66 and a current ratio of 1.69. The company has a fifty day simple moving average of $90.37 and a two-hundred day simple moving average of $89.83.

Shake Shack (NYSE:SHAK) last announced its earnings results 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 net margin of 2.76% and a return on equity of 9.62%. The business had revenue of $366.74 million for the quarter, compared to analysts’ expectations of $372.43 million. During the same quarter last year, the business earned $0.14 EPS. The company’s quarterly revenue was up 14.3% on a year-over-year basis. Equities analysts predict that Shake Shack, Inc. will post 1.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SHAK. Bank of America upgraded Shake Shack from an “underperform” rating to a “neutral” rating and increased their target price for the company from $88.00 to $101.00 in a research report on Tuesday, March 31st. JPMorgan Chase & Co. decreased their target price on Shake Shack from $100.00 to $85.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. DA Davidson set a $85.00 target price on Shake Shack in a research report on Friday, May 8th. Guggenheim decreased their target price on Shake Shack from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Finally, Wolfe Research began coverage on Shake Shack in a research note on Monday, March 9th. They issued an “outperform” rating and a $118.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.08.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC purchased a new position in Shake Shack in the 4th quarter valued at $25,000. Geneos Wealth Management Inc. purchased a new position in Shake Shack in the 1st quarter valued at $26,000. Assetmark Inc. lifted its holdings in Shake Shack by 457.6% in the 4th quarter. Assetmark Inc. now owns 368 shares of the company’s stock valued at $30,000 after purchasing an additional 302 shares in the last quarter. UMB Bank n.a. lifted its holdings in Shake Shack by 42.2% in the 4th 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. Finally, Murphy & Mullick Capital Management Corp lifted its holdings in Shake Shack by 68.5% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 418 shares of the company’s stock valued at $38,000 after purchasing an additional 170 shares in the last quarter. Hedge funds and other institutional investors 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.