Shake Shack, Inc. (NYSE:SHAK) Director Jeffrey Flug sold 39,619 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $31.40, for a total transaction of $1,244,036.60. Following the completion of the sale, the director now directly owns 4,415 shares of the company’s stock, valued at $138,631. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Wednesday, September 6th, Jeffrey Flug sold 16,531 shares of Shake Shack stock. The stock was sold at an average price of $31.17, for a total transaction of $515,271.27.
  • On Friday, September 1st, Jeffrey Flug sold 25,000 shares of Shake Shack stock. The stock was sold at an average price of $30.98, for a total transaction of $774,500.00.
  • On Tuesday, August 29th, Jeffrey Flug sold 4,800 shares of Shake Shack stock. The stock was sold at an average price of $30.96, for a total transaction of $148,608.00.

Shares of Shake Shack, Inc. (NYSE:SHAK) traded down 1.00% during mid-day trading on Thursday, hitting $31.25. 388,030 shares of the stock were exchanged. The firm has a 50-day moving average price of $31.23 and a 200 day moving average price of $33.53. The company has a market capitalization of $811.78 million, a PE ratio of 54.43 and a beta of 1.30. Shake Shack, Inc. has a 12-month low of $30.52 and a 12-month high of $39.70.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, August 3rd. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.04. Shake Shack had a net margin of 4.70% and a return on equity of 8.71%. The business had revenue of $91.30 million during the quarter, compared to analysts’ expectations of $89.00 million. During the same period last year, the business earned $0.14 earnings per share. The firm’s revenue was up 37.3% on a year-over-year basis. On average, equities research analysts expect that Shake Shack, Inc. will post $0.52 earnings per share for the current year.

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Large investors have recently added to or reduced their stakes in the stock. FNY Partners Fund LP bought a new position in shares of Shake Shack in the first quarter valued at $100,000. State of Alaska Department of Revenue grew its stake 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 buying an additional 1,670 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Shake Shack by 206.3% in the first quarter. BNP Paribas Arbitrage SA now owns 3,666 shares of the company’s stock valued at $122,000 after buying an additional 2,469 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Shake Shack by 109.7% in the first quarter. Victory Capital Management Inc. now owns 3,715 shares of the company’s stock valued at $124,000 after buying an additional 1,943 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new position in shares of Shake Shack in the first quarter valued at $137,000. 97.46% of the stock is owned by institutional investors and hedge funds.

Several research firms have commented on SHAK. Cowen and Company reissued a “hold” rating and issued a $35.00 target price on shares of Shake Shack in a research report on Tuesday. Wedbush reissued a “buy” rating on shares of Shake Shack in a research report on Thursday, August 17th. SunTrust Banks, Inc. reissued a “buy” rating on shares of Shake Shack in a research report on Monday, August 21st. Vetr downgraded shares of Shake Shack from a “strong-buy” rating to a “buy” rating and set a $42.33 target price for the company. in a research report on Wednesday, June 7th. Finally, TheStreet raised shares of Shake Shack from a “d” rating to a “c-” rating in a research report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $37.60.

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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