Shake Shack Inc. (NYSE:SHAK) Director Jeffrey Flug sold 38,191 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $38.11, for a total value of $1,455,459.01. Following the transaction, the director now directly owns 33,240 shares of the company’s stock, valued at approximately $1,266,776.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Wednesday, September 14th, Jeffrey Flug sold 25,000 shares of Shake Shack stock. The stock was sold at an average price of $34.51, for a total value of $862,750.00.
  • On Thursday, September 8th, Jeffrey Flug sold 59,521 shares of Shake Shack stock. The stock was sold at an average price of $36.24, for a total value of $2,157,041.04.
  • On Wednesday, August 24th, Jeffrey Flug sold 42,393 shares of Shake Shack stock. The stock was sold at an average price of $36.23, for a total value of $1,535,898.39.

Shake Shack Inc. (NYSE:SHAK) opened at 36.41 on Friday. Shake Shack Inc. has a 52-week low of $30.00 and a 52-week high of $47.00. The firm’s 50-day moving average price is $33.42 and its 200 day moving average price is $35.81. The company has a market cap of $907.37 million, a PE ratio of 80.02 and a beta of 1.20.

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

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

SHAK has been the subject of a number of recent research reports. Zacks Investment Research raised Shake Shack from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Wednesday, October 5th. Buckingham Research reaffirmed a “buy” rating and set a $45.00 price target on shares of Shake Shack in a research report on Saturday, August 13th. Vetr raised Shake Shack from a “buy” rating to a “strong-buy” rating and set a $39.64 price target for the company in a research report on Monday, September 5th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $38.00 price objective (up previously from $35.00) on shares of Shake Shack in a report on Thursday, August 11th. Finally, Jefferies Group reissued a “hold” rating and issued a $38.00 price objective (up previously from $36.00) on shares of Shake Shack in a report on Thursday, November 10th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $38.88.

Large investors have recently added to or reduced their stakes in the stock. Morgan Stanley increased its stake in Shake Shack by 35.7% in the third quarter. Morgan Stanley now owns 2,110,317 shares of the company’s stock valued at $73,165,000 after buying an additional 554,919 shares in the last quarter. Gilder Gagnon Howe & Co. LLC boosted its position in shares of Shake Shack by 16.2% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 2,000,102 shares of the company’s stock valued at $69,344,000 after buying an additional 279,342 shares during the last quarter. Lord Abbett & CO. LLC boosted its position in shares of Shake Shack by 223.7% in the second quarter. Lord Abbett & CO. LLC now owns 1,061,520 shares of the company’s stock valued at $38,671,000 after buying an additional 733,625 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Shake Shack by 270.0% in the second quarter. Vanguard Group Inc. now owns 937,625 shares of the company’s stock valued at $34,157,000 after buying an additional 684,234 shares during the last quarter. Finally, Zevenbergen Capital Investments LLC bought a new position in shares of Shake Shack during the third quarter valued at about $24,073,000. Hedge funds and other institutional investors own 96.00% of the company’s stock.

About Shake Shack

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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