Shake Shack, Inc. (NYSE:SHAK) Director Jonathan D. Sokoloff sold 522,867 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $40.32, for a total transaction of $21,081,997.44. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Shake Shack, Inc. (NYSE SHAK) traded down $0.31 on Friday, hitting $40.79. The company’s stock had a trading volume of 658,461 shares, compared to its average volume of 716,186. Shake Shack, Inc. has a twelve month low of $30.12 and a twelve month high of $41.24. The firm has a market cap of $1,500.00 and a P/E ratio of 69.79.

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

A number of brokerages have commented on SHAK. Barclays reduced their target price on shares of Shake Shack from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, August 4th. Wedbush cut their price objective on shares of Shake Shack from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, August 4th. SunTrust Banks reiterated a “buy” rating on shares of Shake Shack in a report on Monday, August 21st. BidaskClub upgraded shares of Shake Shack from a “strong sell” rating to a “sell” rating in a report on Saturday, September 23rd. Finally, Morgan Stanley upped their price objective on Shake Shack from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $37.33.

Several large investors have recently modified their holdings of the stock. FMR LLC increased its position in shares of Shake Shack by 5.7% during the 2nd quarter. FMR LLC now owns 2,615,287 shares of the company’s stock worth $91,221,000 after purchasing an additional 142,140 shares during the last quarter. Gilder Gagnon Howe & Co. LLC increased its position in shares of Shake Shack by 5.8% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,318,882 shares of the company’s stock worth $80,883,000 after purchasing an additional 128,075 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Shake Shack by 9.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,641,799 shares of the company’s stock worth $57,266,000 after purchasing an additional 143,027 shares during the last quarter. Sylebra HK Co Ltd increased its position in shares of Shake Shack by 2.6% during the 3rd quarter. Sylebra HK Co Ltd now owns 1,001,849 shares of the company’s stock worth $33,291,000 after purchasing an additional 25,546 shares during the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of Shake Shack by 18.9% during the 2nd quarter. Macquarie Group Ltd. now owns 844,390 shares of the company’s stock worth $29,452,000 after purchasing an additional 134,386 shares during the last quarter. 83.49% of the stock is owned by hedge funds and other institutional investors.

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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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