Shake Shack, Inc. (SHAK) Director Daniel Harris Meyer Sells 25,000 Shares
Shake Shack, Inc. (NYSE:SHAK) Director Daniel Harris Meyer sold 25,000 shares of the stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $38.04, for a total value of $951,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Daniel Harris Meyer also recently made the following trade(s):
- On Friday, May 5th, Daniel Harris Meyer sold 20,000 shares of Shake Shack stock. The shares were sold at an average price of $36.01, for a total value of $720,200.00.
Shares of Shake Shack, Inc. (NYSE:SHAK) traded up 0.48% during 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 PE ratio of 70.45 and a beta of 1.31. The stock’s 50-day moving average price is $36.89 and its 200-day moving average price is $35.41. Shake Shack, Inc. has a 12 month low of $30.36 and a 12 month high of $42.94.
Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Thursday, May 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The firm 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%. The firm’s quarterly revenue was up 41.5% on a year-over-year basis. During the same period last year, the company posted $0.08 EPS. Equities analysts forecast that Shake Shack, Inc. will post $0.50 earnings per share for the current fiscal year.
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A number of equities analysts recently commented on the company. Vetr upgraded Shake Shack from a “buy” rating to a “strong-buy” rating and set a $42.33 target price for the company in a report on Wednesday. Buckingham Research reduced their price target on Shake Shack to $39.00 and set an “in-line” rating on the stock in a research report on Thursday, March 2nd. Wedbush reissued a “hold” rating and set a $33.00 target price on shares of Shake Shack in a research report on Monday, May 15th. Zacks Investment Research lowered Shake Shack from a “hold” rating to a “sell” rating in a research report on Tuesday, March 7th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $49.00 target price on shares of Shake Shack in a research report on Sunday, March 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $37.95.
A number of institutional investors have recently modified their holdings of the stock. American International Group Inc. raised its position in shares of Shake Shack by 7.1% in the first quarter. American International Group Inc. now owns 9,667 shares of the company’s stock worth $323,000 after buying an additional 637 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Shake Shack by 2.6% in the first quarter. Teachers Advisors LLC now owns 26,671 shares of the company’s stock worth $891,000 after buying an additional 688 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Shake Shack by 16.6% in the first quarter. Russell Investments Group Ltd. now owns 7,429 shares of the company’s stock worth $248,000 after buying an additional 1,057 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of Shake Shack by 5.1% in the first quarter. Neuberger Berman Group LLC now owns 23,800 shares of the company’s stock worth $795,000 after buying an additional 1,156 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Shake Shack by 5.8% in the first quarter. Swiss National Bank now owns 23,700 shares of the company’s stock worth $792,000 after buying an additional 1,300 shares during the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.
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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