Shake Shack, Inc. (NYSE:SHAK) COO Zach Koff sold 5,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $37.00, for a total transaction of $185,000.00. Following the transaction, the chief operating officer now owns 8,978 shares of the company’s stock, valued at $332,186. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Shake Shack, Inc. (NYSE SHAK) traded up $1.00 during midday trading on Monday, hitting $38.35. 737,200 shares of the stock were exchanged, compared to its average volume of 720,689. The stock has a market capitalization of $1,408.56, a P/E ratio of 68.48, a PEG ratio of 3.32 and a beta of 1.39. Shake Shack, Inc. has a 1-year low of $30.12 and a 1-year high of $39.70.

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

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alps Advisors Inc. boosted its position in shares of Shake Shack by 0.3% in the second quarter. Alps Advisors Inc. now owns 15,588 shares of the company’s stock worth $544,000 after acquiring an additional 41 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Shake Shack by 6.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,380 shares of the company’s stock worth $153,000 after acquiring an additional 280 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Shake Shack by 4.1% in the second quarter. Louisiana State Employees Retirement System now owns 7,600 shares of the company’s stock worth $265,000 after acquiring an additional 300 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Shake Shack by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 101,162 shares of the company’s stock worth $3,529,000 after acquiring an additional 320 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Shake Shack by 4.3% in the second quarter. Arizona State Retirement System now owns 9,700 shares of the company’s stock worth $338,000 after acquiring an additional 400 shares during the last quarter. 81.87% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have weighed in on the stock. Wedbush restated a “buy” rating on shares of Shake Shack in a report on Thursday, August 17th. SunTrust Banks, Inc. restated a “buy” rating and set a $50.00 target price on shares of Shake Shack in a report on Friday, November 3rd. TheStreet upgraded shares of Shake Shack from a “d” rating to a “c-” rating in a report on Thursday, August 3rd. Cowen and Company raised their target price on shares of Shake Shack from $35.00 to $36.00 and gave the company a “market perform” rating in a report on Thursday, November 2nd. Finally, Zacks Investment Research downgraded shares of Shake Shack from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $37.33.

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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