Shake Shack Inc (NYSE:SHAK) Director Jeffrey Flug sold 3,321 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $37.45, for a total value of $124,371.45. Following the sale, the director now owns 6,645 shares of the company’s stock, valued at approximately $248,855.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Friday, May 19th, Jeffrey Flug sold 9,000 shares of Shake Shack stock. The stock was sold at an average price of $37.81, for a total value of $340,290.00.
  • On Thursday, May 18th, Jeffrey Flug sold 40,000 shares of Shake Shack stock. The stock was sold at an average price of $36.74, for a total value of $1,469,600.00.
  • On Friday, May 12th, Jeffrey Flug sold 51,000 shares of Shake Shack stock. The stock was sold at an average price of $36.59, for a total value of $1,866,090.00.
  • On Tuesday, May 9th, Jeffrey Flug sold 25,000 shares of Shake Shack stock. The stock was sold at an average price of $36.56, for a total value of $914,000.00.
  • On Monday, May 8th, Jeffrey Flug sold 35,000 shares of Shake Shack stock. The stock was sold at an average price of $37.74, for a total value of $1,320,900.00.
  • On Wednesday, May 10th, Jeffrey Flug sold 85,000 shares of Shake Shack stock. The stock was sold at an average price of $37.02, for a total value of $3,146,700.00.

Shake Shack Inc (NYSE:SHAK) traded down 0.79% on Monday, reaching $37.56. The company’s stock had a trading volume of 314,399 shares. Shake Shack Inc has a 52-week low of $30.36 and a 52-week high of $42.94. The firm has a 50-day moving average price of $35.08 and a 200 day moving average price of $35.28. The firm has a market capitalization of $967.43 million, a P/E ratio of 69.81 and a beta of 1.31.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Thursday, May 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.02. Shake Shack had a return on equity of 7.12% and a net margin of 3.97%. The company had revenue of $76.70 million during the quarter, compared to analyst estimates of $74.71 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The firm’s quarterly revenue was up 41.5% on a year-over-year basis. Equities analysts anticipate that Shake Shack Inc will post $0.50 earnings per share for the current fiscal year.

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

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Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC raised its position in shares of Shake Shack by 4.5% in the fourth quarter. FMR LLC now owns 986,500 shares of the company’s stock worth $35,307,000 after buying an additional 42,500 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Shake Shack during the fourth quarter worth about $230,000. Creative Planning raised its position in shares of Shake Shack by 714.8% in the first quarter. Creative Planning now owns 11,285 shares of the company’s stock worth $377,000 after buying an additional 9,900 shares during the period. RPG Investment Advisory LLC raised its position in shares of Shake Shack by 12.3% in the first quarter. RPG Investment Advisory LLC now owns 12,813 shares of the company’s stock worth $427,000 after buying an additional 1,400 shares during the period. Finally, Zevenbergen Capital Investments LLC acquired a new position in shares of Shake Shack during the third quarter worth about $24,073,000. Institutional investors own 93.39% of the company’s stock.

Several equities research analysts have recently commented on the company. Cowen and Company cut their price target on Shake Shack from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Friday, May 5th. Wedbush upgraded Shake Shack from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $33.00 to $43.00 in a research note on Thursday, May 18th. ValuEngine upgraded Shake Shack from a “sell” rating to a “hold” rating in a research note on Friday, May 19th. Buckingham Research upgraded Shake Shack from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Friday, May 5th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Shake Shack from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Shake Shack has an average rating of “Hold” and an average target price of $37.74.

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’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard.

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