Shake Shack, Inc. (NYSE:SHAK) Director Daniel Harris Meyer sold 100,000 shares of Shake Shack stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $45.93, for a total transaction of $4,593,000.00. Following the completion of the sale, the director now directly owns 642 shares of the company’s stock, valued at approximately $29,487.06. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Thursday, November 9th, Daniel Harris Meyer sold 15,000 shares of Shake Shack stock. The stock was sold at an average price of $37.11, for a total transaction of $556,650.00.
  • On Friday, November 3rd, Daniel Harris Meyer sold 35,000 shares of Shake Shack stock. The shares were sold at an average price of $36.15, for a total transaction of $1,265,250.00.
  • 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 transaction of $1,632,150.00.

Shares of Shake Shack, Inc. (NYSE:SHAK) traded up $0.09 during trading on Wednesday, reaching $46.12. 314,106 shares of the company traded hands, compared to its average volume of 724,526. The company has a market cap of $1,700.00 and a P/E ratio of 81.29. Shake Shack, Inc. has a one year low of $30.12 and a one year high of $46.90.

Shake Shack (NYSE:SHAK) last issued its 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. The company had revenue of $94.60 million during the quarter, compared to the consensus estimate of $94.17 million. Shake Shack had a net margin of 4.78% and a return on equity of 9.42%. Shake Shack’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 EPS. equities research analysts expect that Shake Shack, Inc. will post 0.52 EPS for the current year.

A number of brokerages have recently issued reports on SHAK. Cowen boosted their price objective on shares of Shake Shack from $36.00 to $42.00 and gave the company a “market perform” rating in a research report on Tuesday. Morgan Stanley raised shares of Shake Shack from an “underweight” rating to an “equal weight” rating and cut their price objective for the company from $43.04 to $34.00 in a research report on Thursday, December 7th. BidaskClub raised shares of Shake Shack from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 14th. Barclays boosted their price objective on shares of Shake Shack from $34.00 to $36.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Finally, Wedbush reissued a “hold” rating and set a $36.00 price objective on shares of Shake Shack in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $37.93.

A number of institutional investors have recently modified their holdings of SHAK. Fred Alger Management Inc. boosted its holdings in Shake Shack by 163.8% in the 2nd quarter. Fred Alger Management Inc. now owns 592,963 shares of the company’s stock worth $20,683,000 after buying an additional 368,185 shares during the period. Lord Abbett & CO. LLC boosted its holdings in Shake Shack by 101.3% in the 2nd 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. UBS Asset Management Americas Inc. bought a new position in Shake Shack in the 2nd quarter worth $8,681,000. Balyasny Asset Management LLC boosted its holdings in Shake Shack by 77.7% in the 2nd quarter. Balyasny Asset Management LLC now owns 539,181 shares of the company’s stock worth $18,807,000 after buying an additional 235,681 shares during the period. Finally, UBS Oconnor LLC bought a new position in Shake Shack in the 2nd quarter worth $5,525,000. 83.16% of the stock is owned by institutional investors.

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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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