Shake Shack, Inc. (NYSE:SHAK) COO Zach Koff sold 5,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $37.00, for a total transaction of $185,000.00. Following the sale, the chief operating officer now owns 8,978 shares of the company’s stock, valued at approximately $332,186. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shake Shack, Inc. (SHAK) opened at $38.00 on Wednesday. Shake Shack, Inc. has a 1 year low of $30.12 and a 1 year high of $39.70. The company has a market cap of $1,387.62, a P/E ratio of 67.46, a PEG ratio of 3.27 and a beta of 1.39.

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

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Hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its position in shares of Shake Shack by 85.2% in the second quarter. State of Alaska Department of Revenue now owns 3,630 shares of the company’s stock valued at $126,000 after acquiring an additional 1,670 shares during the period. Teachers Retirement System of The State of Kentucky bought a new position in shares of Shake Shack in the first quarter valued at approximately $137,000. US Bancorp DE boosted its position in shares of Shake Shack by 34.1% in the second quarter. US Bancorp DE now owns 4,111 shares of the company’s stock valued at $143,000 after acquiring an additional 1,046 shares during the period. Victory Capital Management Inc. boosted its position in shares of Shake Shack by 17.7% in the second quarter. Victory Capital Management Inc. now owns 4,371 shares of the company’s stock valued at $152,000 after acquiring an additional 656 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of Shake Shack by 6.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,380 shares of the company’s stock valued at $153,000 after acquiring an additional 280 shares during the period. Institutional investors own 81.87% of the company’s stock.

Several equities analysts have recently weighed in on SHAK shares. Zacks Investment Research downgraded shares of Shake Shack from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Wedbush reiterated an “outperform” rating and issued a $40.00 target price (down previously from $43.00) on shares of Shake Shack in a research note on Sunday, July 30th. BidaskClub downgraded shares of Shake Shack from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Barclays PLC reduced their target price on shares of Shake Shack from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, August 4th. Finally, TheStreet upgraded shares of Shake Shack from a “d” rating to a “c-” rating in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. Shake Shack has a consensus rating of “Hold” and an average target price of $37.33.

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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