Shake Shack, Inc. (NYSE:SHAK) CEO Randall J. Garutti sold 8,000 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $35.62, for a total value of $284,960.00. Following the transaction, the chief executive officer now directly owns 18,961 shares of the company’s stock, valued at approximately $675,390.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shake Shack, Inc. (SHAK) traded up 0.59% during midday trading on Friday, hitting $36.06. The company had a trading volume of 754,803 shares. The stock’s 50-day moving average price is $33.18 and its 200-day moving average price is $33.18. The stock has a market cap of $936.87 million, a PE ratio of 62.82 and a beta of 1.33. Shake Shack, Inc. has a 52-week low of $30.52 and a 52-week high of $39.70.

Shake Shack (NYSE:SHAK) last posted its 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. Shake Shack had a return on equity of 8.71% and a net margin of 4.70%. The firm had revenue of $91.30 million for the quarter, compared to analyst estimates of $89.00 million. During the same quarter in the prior year, the company earned $0.14 EPS. Shake Shack’s revenue was up 37.3% on a year-over-year basis. On average, equities research analysts expect that Shake Shack, Inc. will post $0.51 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Shake Shack, Inc. (SHAK) CEO Sells $284,960.00 in Stock” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/10/27/shake-shack-inc-shak-ceo-sells-284960-00-in-stock.html.

A number of brokerages have commented on SHAK. BidaskClub raised Shake Shack from a “hold” rating to a “buy” rating in a report on Thursday. Wedbush reissued a “buy” rating on shares of Shake Shack in a report on Thursday, August 17th. SunTrust Banks, Inc. reissued a “buy” rating on shares of Shake Shack in a report on Monday, August 21st. Cowen and Company reissued a “hold” rating and set a $35.00 target price on shares of Shake Shack in a report on Tuesday, September 12th. Finally, TheStreet raised Shake Shack from a “d” rating to a “c-” rating in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given 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 $37.19.

Hedge funds have recently bought and sold shares of the stock. FNY Partners Fund LP purchased a new stake in Shake Shack in the 1st quarter valued at approximately $100,000. Victory Capital Management Inc. lifted its stake in Shake Shack by 109.7% in the 1st 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. State of Alaska Department of Revenue lifted its stake in Shake Shack by 85.2% in the 2nd 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. Municipal Employees Retirement System of Michigan purchased a new stake in Shake Shack in the 1st quarter valued at approximately $137,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in Shake Shack in the 1st quarter valued at $137,000. 83.62% of the stock is currently owned by hedge funds and other institutional investors.

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)

Receive News & Ratings for Shake Shack Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shake Shack Inc. and related companies with MarketBeat.com's FREE daily email newsletter.