Shake Shack, Inc. (NYSE:SHAK) Director Jeffrey Flug sold 14,050 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $31.54, for a total value of $443,137.00. Following the completion of the transaction, the director now owns 4,415 shares of the company’s stock, valued at approximately $139,249.10. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Wednesday, September 13th, Jeffrey Flug sold 39,619 shares of Shake Shack stock. The shares were sold at an average price of $31.40, for a total value of $1,244,036.60.
  • On Wednesday, September 6th, Jeffrey Flug sold 16,531 shares of Shake Shack stock. The shares were sold at an average price of $31.17, for a total value of $515,271.27.
  • 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.

Shares of Shake Shack, Inc. (NYSE SHAK) traded up 2.59% during midday trading on Friday, hitting $32.06. The stock had a trading volume of 717,870 shares. The company has a market cap of $832.95 million, a price-to-earnings ratio of 55.85 and a beta of 1.30. Shake Shack, Inc. has a 52 week low of $30.52 and a 52 week high of $39.70. The stock’s 50-day moving average price is $31.39 and its 200 day moving average price is $33.01.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.04. The firm had revenue of $91.30 million during the quarter, compared to analyst estimates of $89.00 million. Shake Shack had a net margin of 4.70% and a return on equity of 8.71%. The company’s revenue for the quarter was up 37.3% on a year-over-year basis. During the same quarter last year, the business posted $0.14 EPS. On average, equities analysts forecast that Shake Shack, Inc. will post $0.52 earnings per share for the current year.

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Several brokerages have recently weighed in on SHAK. ValuEngine upgraded Shake Shack from a “sell” rating to a “hold” rating in a report on Friday, May 19th. Vetr cut Shake Shack from a “strong-buy” rating to a “buy” rating and set a $42.33 price objective for the company. in a report on Wednesday, June 7th. Piper Jaffray Companies assumed coverage on Shake Shack in a report on Wednesday, May 24th. They issued an “overweight” rating and a $44.00 price objective for the company. 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. Finally, Zacks Investment Research cut Shake Shack from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $37.60.

A number of large investors have recently bought and sold shares of SHAK. FNY Partners Fund LP purchased a new stake in Shake Shack in the 1st quarter valued at about $100,000. BNP Paribas Arbitrage SA increased its stake in Shake Shack by 206.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,666 shares of the company’s stock valued at $122,000 after buying an additional 2,469 shares during the last quarter. Victory Capital Management Inc. increased its stake in Shake Shack by 109.7% in the 1st quarter. Victory Capital Management Inc. now owns 3,715 shares of the company’s stock valued at $124,000 after buying an additional 1,943 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Shake Shack by 85.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,630 shares of the company’s stock valued at $126,000 after buying an additional 1,670 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in Shake Shack in the 1st quarter valued at about $137,000. Hedge funds and other institutional investors own 97.46% of the company’s stock.

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.

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

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