Shake Shack, Inc. (NYSE:SHAK) Director Jeffrey Flug sold 16,531 shares of Shake Shack stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $31.17, for a total value of $515,271.27. Following the transaction, the director now directly owns 4,415 shares in the company, valued at $137,615.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Friday, September 1st, Jeffrey Flug sold 25,000 shares of Shake Shack stock. The shares were sold at an average price of $30.98, for a total value of $774,500.00.
  • On Tuesday, August 29th, Jeffrey Flug sold 4,800 shares of Shake Shack stock. The shares were sold at an average price of $30.96, for a total value of $148,608.00.

Shake Shack, Inc. (NYSE SHAK) opened at 30.89 on Monday. Shake Shack, Inc. has a 52-week low of $30.12 and a 52-week high of $39.70. The company has a market cap of $802.55 million, a P/E ratio of 53.82 and a beta of 1.30. The stock’s 50 day moving average price is $32.15 and its 200 day moving average price is $34.27.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, August 3rd. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.04. The business had revenue of $91.30 million for the quarter, compared to the consensus estimate of $89 million. Shake Shack had a return on equity of 8.71% and a net margin of 4.70%. The business’s quarterly revenue was up 37.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 earnings per share. Analysts expect that Shake Shack, Inc. will post $0.52 earnings per share for the current year.

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A number of institutional investors have recently made changes to their positions in the stock. Alps Advisors Inc. lifted its position in Shake Shack by 0.3% during the second quarter. Alps Advisors Inc. now owns 15,588 shares of the company’s stock worth $544,000 after buying an additional 41 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in Shake Shack by 6.8% during the second quarter. Municipal Employees Retirement System of Michigan now owns 4,380 shares of the company’s stock worth $153,000 after buying an additional 280 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in Shake Shack by 4.1% during the second quarter. Louisiana State Employees Retirement System now owns 7,600 shares of the company’s stock worth $265,000 after buying an additional 300 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Shake Shack by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 101,162 shares of the company’s stock worth $3,529,000 after buying an additional 320 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in Shake Shack by 4.3% during the second quarter. Arizona State Retirement System now owns 9,700 shares of the company’s stock worth $338,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 97.46% of the company’s stock.

A number of research analysts recently commented on SHAK shares. SunTrust Banks, Inc. set a $48.00 price target on Shake Shack and gave the stock a “buy” rating in a report on Tuesday, June 27th. Wedbush reissued an “outperform” rating and issued a $40.00 price target (down from $43.00) on shares of Shake Shack in a report on Sunday, July 30th. Zacks Investment Research cut Shake Shack from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Vetr raised Shake Shack from a “buy” rating to a “strong-buy” rating and set a $42.33 price target on the stock in a report on Tuesday, June 20th. Finally, BidaskClub cut Shake Shack from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $37.60.

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.

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

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