Shake Shack, Inc. (NYSE:SHAK) Shares Sold by SG Americas Securities LLC
SG Americas Securities LLC decreased its position in Shake Shack, Inc. (NYSE:SHAK) by 24.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,984 shares of the company’s stock after selling 1,274 shares during the period. SG Americas Securities LLC’s holdings in Shake Shack were worth $133,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased 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 in the last quarter. Mason Street Advisors LLC acquired a new stake in shares of Shake Shack during the first quarter worth $140,000. Russell Investments Group Ltd. acquired a new stake in shares of Shake Shack during the fourth quarter worth $230,000. Louisiana State Employees Retirement System acquired a new stake in shares of Shake Shack during the first quarter worth $244,000. Finally, Guggenheim Capital LLC increased its stake in shares of Shake Shack by 29.5% in the fourth quarter. Guggenheim Capital LLC now owns 8,250 shares of the company’s stock worth $296,000 after buying an additional 1,881 shares in the last quarter. Institutional investors own 97.46% of the company’s stock.
Shake Shack, Inc. (NYSE:SHAK) traded down 0.40% during mid-day trading on Monday, reaching $34.80. 91,445 shares of the company’s stock traded hands. Shake Shack, Inc. has a one year low of $30.36 and a one year high of $42.94. The firm has a market cap of $896.34 million, a price-to-earnings ratio of 64.68 and a beta of 1.32. The firm’s 50-day moving average price is $36.38 and its 200 day moving average price is $35.14.
Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Thursday, May 4th. The company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.02. Shake Shack had a net margin of 4.55% and a return on equity of 7.15%. The firm had revenue of $76.70 million for the quarter, compared to the consensus estimate of $74.71 million. During the same period last year, the firm posted $0.08 earnings per share. The company’s revenue for the quarter was up 41.5% on a year-over-year basis. On average, equities analysts forecast that Shake Shack, Inc. will post $0.50 EPS for the current year.
Several equities research analysts recently weighed in on the company. Buckingham Research raised Shake Shack from a “neutral” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Friday, May 5th. They noted that the move was a valuation call. Cowen and Company cut their price objective on Shake Shack from $37.00 to $35.00 and set a “market perform” rating on the stock in a report on Friday, May 5th. Wedbush reaffirmed a “hold” rating and set a $33.00 target price on shares of Shake Shack in a report on Friday, May 5th. Vetr raised Shake Shack from a “buy” rating to a “strong-buy” rating and set a $42.33 target price on the stock in a report on Wednesday, June 14th. Finally, Zacks Investment Research raised Shake Shack from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $37.88.
In other news, Director Jeffrey Flug sold 85,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $37.02, for a total transaction of $3,146,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder David A. Swinghamer sold 10,000 shares of Shake Shack stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $34.50, for a total transaction of $345,000.00. Following the completion of the transaction, the insider now directly owns 50,000 shares in the company, valued at $1,725,000. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 478,307 shares of company stock valued at $17,295,134. 34.91% of the stock is owned by company insiders.
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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