Shake Shack, Inc. (NYSE:SHAK) Director Jeffrey Flug sold 51,000 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $36.59, for a total value of $1,866,090.00. Following the completion of the sale, the director now owns 3,240 shares of the company’s stock, valued at approximately $118,551.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Tuesday, May 23rd, Jeffrey Flug sold 3,321 shares of Shake Shack stock. The stock was sold at an average price of $37.45, for a total value of $124,371.45.
  • 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 Tuesday, May 9th, Jeffrey Flug sold 25,000 shares of Shake Shack stock. The shares were 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 shares were 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 shares were sold at an average price of $37.02, for a total value of $3,146,700.00.

Shares of Shake Shack, Inc. (NYSE SHAK) traded up 0.48% during midday trading on Friday, reaching $37.90. The company had a trading volume of 686,202 shares. The stock has a market capitalization of $976.19 million, a price-to-earnings ratio of 70.45 and a beta of 1.31. The firm’s 50 day moving average price is $36.89 and its 200-day moving average price is $35.41. Shake Shack, Inc. has a 1-year low of $30.36 and a 1-year high of $42.94.

Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, May 4th. The company reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.02. The business had revenue of $76.70 million during the quarter, compared to analyst estimates of $74.71 million. Shake Shack had a return on equity of 7.15% and a net margin of 4.55%. Shake Shack’s revenue was up 41.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 EPS. Equities research analysts expect that Shake Shack, Inc. will post $0.50 EPS for the current fiscal year.

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

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SHAK has been the subject of several recent research reports. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $49.00 price objective on shares of Shake Shack in a research report on Sunday, March 5th. Buckingham Research upgraded Shake Shack from a “neutral” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Friday, May 5th. They noted that the move was a valuation call. Vetr downgraded Shake Shack from a “strong-buy” rating to a “buy” rating and set a $42.33 price objective for the company. in a research report on Wednesday, June 7th. Barclays PLC lowered their price objective on Shake Shack from $38.00 to $35.00 and set an “equal weight” rating for the company in a research report on Monday, May 8th. Finally, Wedbush reiterated a “hold” rating and issued a $33.00 price objective on shares of Shake Shack in a research report on Friday, May 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $37.95.

A number of large investors have recently modified their holdings of the stock. FNY Partners Fund LP purchased a new stake in shares of Shake Shack during the first quarter worth $100,000. BNP Paribas Arbitrage SA raised its stake in shares of Shake Shack by 206.3% in the first quarter. BNP Paribas Arbitrage SA now owns 3,666 shares of the company’s stock worth $122,000 after buying an additional 2,469 shares during the period. Victory Capital Management Inc. raised its stake in shares of Shake Shack by 109.7% in the first quarter. Victory Capital Management Inc. now owns 3,715 shares of the company’s stock worth $124,000 after buying an additional 1,943 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Shake Shack during the first quarter worth $137,000. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Shake Shack during the first quarter worth $137,000. 97.02% of the stock is owned by institutional investors and hedge funds.

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.

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