Shake Shack, Inc. (NYSE:SHAK) Director Jeffrey Flug sold 14,050 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $31.54, for a total value of $443,137.00. Following the transaction, the director now owns 4,415 shares in the company, valued at $139,249.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Wednesday, September 13th, Jeffrey Flug sold 39,619 shares of Shake Shack stock. The stock was sold at an average price of $31.40, for a total value of $1,244,036.60.
  • 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 value 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 value 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 value of $148,608.00.

Shares of Shake Shack, Inc. (SHAK) traded up 2.59% during midday trading on Friday, hitting $32.06. The stock had a trading volume of 717,870 shares. The stock’s 50-day moving average is $31.23 and its 200-day moving average is $33.53. The stock has a market cap of $832.95 million, a PE ratio of 55.85 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 announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The firm had revenue of $91.30 million for the quarter, compared to the consensus estimate of $89.00 million. Shake Shack had a return on equity of 8.71% and a net margin of 4.70%. The company’s quarterly revenue was up 37.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. Equities analysts anticipate that Shake Shack, Inc. will post $0.52 EPS for the current year.

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A number of brokerages recently issued reports on SHAK. Wedbush reiterated a “buy” rating on shares of Shake Shack in a report on Thursday, August 17th. 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. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Shake Shack in a report on Monday, August 21st. TheStreet upgraded Shake Shack from a “d” rating to a “c-” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research cut Shake Shack from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Shake Shack has a consensus rating of “Hold” and an average price target of $37.60.

A number of institutional investors have recently bought and sold shares of SHAK. Teachers Advisors LLC increased its position in Shake Shack by 6.1% during the fourth quarter. Teachers Advisors LLC now owns 25,983 shares of the company’s stock valued at $930,000 after acquiring an additional 1,504 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in Shake Shack during the first quarter valued at $244,000. Russell Investments Group Ltd. increased its position in Shake Shack by 16.6% during the first quarter. Russell Investments Group Ltd. now owns 7,429 shares of the company’s stock valued at $248,000 after acquiring an additional 1,057 shares during the last quarter. Great West Life Assurance Co. Can increased its position in Shake Shack by 1,259.6% during the first quarter. Great West Life Assurance Co. Can now owns 25,833 shares of the company’s stock valued at $862,000 after acquiring an additional 23,933 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Shake Shack by 140.6% during the first quarter. Bank of New York Mellon Corp now owns 193,171 shares of the company’s stock valued at $6,451,000 after acquiring an additional 112,899 shares during the last quarter. Institutional investors own 97.46% of the company’s stock.

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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