Shake Shack, Inc. (NYSE:SHAK) Director Jeffrey Flug sold 16,531 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $31.17, for a total value of $515,271.27. Following the sale, the director now owns 4,415 shares in the company, valued at $137,615.55. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Jeffrey Flug also recently made the following trade(s):

  • On Friday, September 1st, Jeffrey Flug sold 25,000 shares of Shake Shack stock. The shares were sold at an average price of $30.98, for a total value of $774,500.00.
  • On Tuesday, August 29th, Jeffrey Flug sold 4,800 shares of Shake Shack stock. The shares were sold at an average price of $30.96, for a total value of $148,608.00.

Shares of Shake Shack, Inc. (NYSE:SHAK) traded up 0.75% during midday trading on Friday, reaching $30.89. The company’s stock had a trading volume of 647,547 shares. The stock’s 50-day moving average is $32.27 and its 200 day moving average is $34.29. Shake Shack, Inc. has a 12 month low of $30.12 and a 12 month high of $39.70. The stock has a market capitalization of $802.55 million, a P/E ratio of 53.82 and a beta of 1.30.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.04. Shake Shack had a return on equity of 8.71% and a net margin of 4.70%. The business had revenue of $91.30 million during the quarter, compared to analysts’ expectations of $89 million. During the same quarter in the previous year, the firm earned $0.14 EPS. The firm’s revenue was up 37.3% compared to the same quarter last year. On average, analysts expect that Shake Shack, Inc. will post $0.52 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley lifted its position in shares of Shake Shack by 30.7% during the 1st quarter. Morgan Stanley now owns 3,179,116 shares of the company’s stock worth $106,183,000 after purchasing an additional 747,486 shares during the last quarter. FMR LLC lifted its position in shares of Shake Shack by 5.7% during the 2nd quarter. FMR LLC now owns 2,615,287 shares of the company’s stock worth $91,221,000 after purchasing an additional 142,140 shares during the last quarter. Gilder Gagnon Howe & Co. LLC lifted its position in shares of Shake Shack by 5.8% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,318,882 shares of the company’s stock worth $80,883,000 after purchasing an additional 128,075 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Shake Shack by 9.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,641,799 shares of the company’s stock worth $57,266,000 after purchasing an additional 143,027 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its position in shares of Shake Shack by 18.9% during the 2nd quarter. Macquarie Group Ltd. now owns 844,390 shares of the company’s stock worth $29,452,000 after purchasing an additional 134,386 shares during the last quarter. 97.46% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently commented on SHAK. Wedbush upgraded Shake Shack from a “neutral” rating to an “outperform” rating and raised their target price for the company from $33.00 to $43.00 in a report on Thursday, May 18th. ValuEngine upgraded Shake Shack from a “sell” rating to a “hold” rating in a report on Friday, May 19th. Barclays PLC dropped their target price on Shake Shack from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, August 4th. Vetr upgraded Shake Shack from a “buy” rating to a “strong-buy” rating and set a $42.33 target price on the stock in a report on Wednesday, June 14th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating on shares of Shake Shack in a report on Monday, August 21st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $37.60.

About Shake Shack

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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