Shake Shack, Inc. (NYSE:SHAK) Director Daniel Harris Meyer sold 35,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $36.15, for a total value of $1,265,250.00. Following the transaction, the director now directly owns 642 shares of the company’s stock, valued at $23,208.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Daniel Harris Meyer also recently made the following trade(s):

  • On Monday, November 6th, Daniel Harris Meyer sold 45,000 shares of Shake Shack stock. The shares were sold at an average price of $36.27, for a total value of $1,632,150.00.

Shares of Shake Shack, Inc. (NYSE SHAK) traded down $0.03 during midday trading on Tuesday, hitting $36.43. The stock had a trading volume of 543,299 shares, compared to its average volume of 695,915. Shake Shack, Inc. has a 12-month low of $30.12 and a 12-month high of $39.70. The stock has a market capitalization of $1,340.00 and a P/E ratio of 66.04.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. Shake Shack had a return on equity of 9.42% and a net margin of 4.78%. The firm had revenue of $94.60 million for the quarter, compared to the consensus estimate of $94.17 million. During the same period in the prior year, the business posted $0.15 earnings per share. The company’s revenue for the quarter was up 26.8% on a year-over-year basis. research analysts expect that Shake Shack, Inc. will post 0.52 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC raised its holdings in shares of Shake Shack by 5.7% in the second quarter. FMR LLC now owns 2,615,287 shares of the company’s stock worth $91,221,000 after buying an additional 142,140 shares during the period. Gilder Gagnon Howe & Co. LLC raised its holdings in shares of Shake Shack by 5.8% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 2,318,882 shares of the company’s stock worth $80,883,000 after buying an additional 128,075 shares during the period. Vanguard Group Inc. raised its holdings in shares of Shake Shack by 9.5% in the second quarter. Vanguard Group Inc. now owns 1,641,799 shares of the company’s stock worth $57,266,000 after buying an additional 143,027 shares during the period. Macquarie Group Ltd. raised its holdings in shares of Shake Shack by 18.9% in the second quarter. Macquarie Group Ltd. now owns 844,390 shares of the company’s stock worth $29,452,000 after buying an additional 134,386 shares during the period. Finally, Lord Abbett & CO. LLC raised its holdings in shares of Shake Shack by 101.3% in the second quarter. Lord Abbett & CO. LLC now owns 706,704 shares of the company’s stock worth $24,650,000 after buying an additional 355,674 shares during the period. Hedge funds and other institutional investors own 83.94% of the company’s stock.

A number of brokerages recently commented on SHAK. Wedbush reissued a “hold” rating and set a $36.00 price target on shares of Shake Shack in a research note on Thursday, November 2nd. Cowen and Company increased their price target on Shake Shack from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Thursday, November 2nd. Morgan Stanley increased their price target on Shake Shack from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. Barclays PLC raised their price objective on Shake Shack from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Shake Shack in a research note on Friday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $37.61.

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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