Shake Shack Inc (NYSE:SHAK) major shareholder Equity Group L.P. Select sold 52,276 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $45.03, for a total transaction of $2,353,988.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Equity Group L.P. Select also recently made the following trade(s):

  • On Thursday, December 14th, Equity Group L.P. Select sold 95,564 shares of Shake Shack stock. The stock was sold at an average price of $45.43, for a total transaction of $4,341,472.52.
  • On Friday, November 3rd, Equity Group L.P. Select sold 50,630 shares of Shake Shack stock. The stock was sold at an average price of $36.57, for a total transaction of $1,851,539.10.

Shares of Shake Shack Inc (SHAK) opened at $44.17 on Friday. Shake Shack Inc has a one year low of $30.12 and a one year high of $47.39. The stock has a market cap of $1,667.13, a PE ratio of 71.24, a P/E/G ratio of 3.70 and a beta of 1.43.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.17 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $94.60 million during the quarter, compared to analysts’ expectations of $94.17 million. During the same quarter in the prior year, the company earned $0.15 EPS. Shake Shack’s revenue was up 26.8% compared to the same quarter last year. analysts predict that Shake Shack Inc will post 0.52 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. grew its stake in shares of Shake Shack by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,371 shares of the company’s stock valued at $152,000 after buying an additional 656 shares during the period. Pacad Investment Ltd. grew its stake in shares of Shake Shack by 1,225.0% in the 2nd quarter. Pacad Investment Ltd. now owns 5,300 shares of the company’s stock valued at $185,000 after buying an additional 4,900 shares during the period. Cipher Capital LP purchased a new stake in shares of Shake Shack in the 3rd quarter valued at approximately $211,000. Municipal Employees Retirement System of Michigan grew its stake in shares of Shake Shack by 58.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,960 shares of the company’s stock valued at $231,000 after buying an additional 2,580 shares during the period. Finally, Parametric Portfolio Associates LLC purchased a new stake in shares of Shake Shack in the 2nd quarter valued at approximately $247,000. 83.16% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently commented on the stock. Jefferies Group cut shares of Shake Shack from a “hold” rating to an “underperform” rating and set a $36.00 target price for the company. in a research note on Saturday, December 30th. Cowen reissued a “hold” rating and set a $35.00 target price on shares of Shake Shack in a research note on Tuesday, September 12th. BidaskClub raised shares of Shake Shack from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 23rd. Morgan Stanley boosted their target price on shares of Shake Shack from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 2nd. Finally, Wedbush cut shares of Shake Shack from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $40.00 to $36.00 in a research note on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $37.76.

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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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