Shake Shack Inc. (NYSE:SHAK) Director Jonathan D. Sokoloff sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $37.65, for a total value of $3,765,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Shake Shack Inc. (NYSE:SHAK) opened at 36.28 on Thursday. The firm’s 50-day moving average price is $33.38 and its 200-day moving average price is $35.80. The firm has a market capitalization of $904.13 million, a P/E ratio of 79.74 and a beta of 1.20. Shake Shack Inc. has a 12-month low of $30.00 and a 12-month high of $47.00.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Wednesday, November 9th. The company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. Shake Shack had a net margin of 3.97% and a return on equity of 7.12%. The company earned $74.60 million during the quarter, compared to the consensus estimate of $69.18 million. During the same period in the prior year, the business posted $0.12 EPS. The company’s quarterly revenue was up 40.0% on a year-over-year basis. Equities analysts predict that Shake Shack Inc. will post $0.46 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Shake Shack (NYSE:SHAK)

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Shake Shack by 270.0% in the second quarter. Vanguard Group Inc. now owns 937,625 shares of the company’s stock worth $34,157,000 after buying an additional 684,234 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in Shake Shack by 5.3% in the second quarter. UBS Asset Management Americas Inc. now owns 6,000 shares of the company’s stock worth $219,000 after buying an additional 300 shares in the last quarter. Nationwide Fund Advisors increased its position in Shake Shack by 163.9% in the second quarter. Nationwide Fund Advisors now owns 10,243 shares of the company’s stock worth $373,000 after buying an additional 6,361 shares in the last quarter. JPMorgan Chase & Co. increased its position in Shake Shack by 74.1% in the second quarter. JPMorgan Chase & Co. now owns 28,616 shares of the company’s stock worth $1,042,000 after buying an additional 12,180 shares in the last quarter. Finally, Blair William & Co. IL increased its position in Shake Shack by 111.6% in the second quarter. Blair William & Co. IL now owns 489,933 shares of the company’s stock worth $17,848,000 after buying an additional 258,341 shares in the last quarter. Institutional investors own 96.00% of the company’s stock.

Several research firms have weighed in on SHAK. BTIG Research restated a “buy” rating and set a $40.00 target price on shares of Shake Shack in a report on Friday, November 11th. Barclays PLC reiterated an “equal weight” rating and issued a $40.00 price objective on shares of Shake Shack in a research note on Friday, November 11th. Wedbush reiterated an “underperform” rating and issued a $30.00 price objective on shares of Shake Shack in a research note on Thursday, November 10th. Vetr lowered Shake Shack from a “strong-buy” rating to a “hold” rating and set a $37.49 price objective on the stock. in a research note on Thursday, November 10th. Finally, Jefferies Group reiterated a “hold” rating and issued a $38.00 price objective (up from $36.00) on shares of Shake Shack in a research note on Thursday, November 10th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.88.

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 has approximately 84 Shacks in over 10 countries and approximately 45 cities. 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.

5 Day Chart for NYSE:SHAK

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