Shake Shack, Inc. (NYSE:SHAK) major shareholder Equity Group L.P. Select sold 95,564 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $45.43, for a total transaction of $4,341,472.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Equity Group L.P. Select also recently made the following trade(s):

  • On Friday, November 3rd, Equity Group L.P. Select sold 50,630 shares of Shake Shack stock. The stock was sold at an average price of $36.57, for a total transaction of $1,851,539.10.

Shares of Shake Shack, Inc. (SHAK) traded up $0.71 during trading hours on Friday, reaching $45.61. 1,786,961 shares of the company’s stock traded hands, compared to its average volume of 726,290. Shake Shack, Inc. has a 52-week low of $30.12 and a 52-week high of $46.90. The company has a market cap of $1,678.88, a PE ratio of 81.63, a PEG ratio of 3.95 and a beta of 1.43.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. Shake Shack had a net margin of 4.78% and a return on equity of 9.42%. The firm had revenue of $94.60 million for the quarter, compared to analysts’ expectations of $94.17 million. During the same period in the previous year, the firm posted $0.15 EPS. The company’s revenue for the quarter was up 26.8% on a year-over-year basis. research analysts expect that Shake Shack, Inc. will post 0.52 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the business. Teachers Retirement System of The State of Kentucky bought a new stake in Shake Shack during the 1st quarter worth about $137,000. US Bancorp DE lifted its position in Shake Shack by 34.1% during the 2nd quarter. US Bancorp DE now owns 4,111 shares of the company’s stock worth $143,000 after buying an additional 1,046 shares in the last quarter. Victory Capital Management Inc. lifted its position in Shake Shack by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,371 shares of the company’s stock worth $152,000 after buying an additional 656 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in Shake Shack by 6.8% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 4,380 shares of the company’s stock worth $153,000 after buying an additional 280 shares in the last quarter. Finally, Pacad Investment Ltd. lifted its position in Shake Shack by 1,225.0% during the 2nd quarter. Pacad Investment Ltd. now owns 5,300 shares of the company’s stock worth $185,000 after buying an additional 4,900 shares in the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

SHAK has been the subject of a number of research analyst reports. BidaskClub raised shares of Shake Shack from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Morgan Stanley raised shares of Shake Shack from an “underweight” rating to an “equal weight” rating and reduced their target price for the stock from $43.04 to $34.00 in a research note on Thursday, December 7th. Barclays upped their target price on shares of Shake Shack from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 2nd. Cowen reaffirmed a “hold” rating and issued a $35.00 target price on shares of Shake Shack in a research note on Tuesday, September 12th. Finally, Wedbush reaffirmed a “hold” rating and issued a $36.00 target price on shares of Shake Shack in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $37.33.

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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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