Shake Shack Inc (NYSE:SHAK) major shareholder Equity Group L.P. Select sold 69,537 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $58.25, for a total value of $4,050,530.25. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Wednesday, August 1st, Equity Group L.P. Select sold 3,550 shares of Shake Shack stock. The stock was sold at an average price of $61.30, for a total value of $217,615.00.
  • On Friday, July 20th, Equity Group L.P. Select sold 74,999 shares of Shake Shack stock. The shares were sold at an average price of $68.42, for a total transaction of $5,131,431.58.
  • On Monday, July 2nd, Equity Group L.P. Select sold 118,645 shares of Shake Shack stock. The shares were sold at an average price of $65.23, for a total transaction of $7,739,213.35.
  • On Monday, June 11th, Equity Group L.P. Select sold 130,606 shares of Shake Shack stock. The shares were sold at an average price of $62.88, for a total transaction of $8,212,505.28.

SHAK traded up $0.45 during trading on Friday, hitting $59.32. 16,892 shares of the stock traded hands, compared to its average volume of 984,253. Shake Shack Inc has a twelve month low of $30.12 and a twelve month high of $70.12. The company has a market cap of $2.16 billion, a P/E ratio of 103.37, a P/E/G ratio of 4.25 and a beta of 1.26.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.18 by $0.11. Shake Shack had a net margin of 0.42% and a return on equity of 10.39%. The business had revenue of $116.30 million during the quarter, compared to the consensus estimate of $110.70 million. During the same period in the previous year, the business earned $0.20 earnings per share. The company’s revenue was up 27.4% on a year-over-year basis. equities analysts expect that Shake Shack Inc will post 0.61 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in SHAK. BlackRock Inc. raised its position in Shake Shack by 15.2% during the second quarter. BlackRock Inc. now owns 2,914,696 shares of the company’s stock valued at $192,895,000 after purchasing an additional 384,867 shares in the last quarter. Renaissance Technologies LLC raised its position in Shake Shack by 122.4% during the second quarter. Renaissance Technologies LLC now owns 553,200 shares of the company’s stock valued at $36,611,000 after purchasing an additional 304,500 shares in the last quarter. Morgan Stanley raised its position in Shake Shack by 5.3% during the second quarter. Morgan Stanley now owns 4,130,314 shares of the company’s stock valued at $273,344,000 after purchasing an additional 207,141 shares in the last quarter. WINTON GROUP Ltd acquired a new position in Shake Shack during the second quarter valued at approximately $11,538,000. Finally, OppenheimerFunds Inc. raised its position in Shake Shack by 15.1% during the second quarter. OppenheimerFunds Inc. now owns 1,157,508 shares of the company’s stock valued at $76,604,000 after purchasing an additional 152,071 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Shake Shack from a “sell” rating to a “hold” rating in a research report on Tuesday, July 17th. Cowen reiterated a “hold” rating and issued a $59.00 price target on shares of Shake Shack in a research report on Wednesday, July 25th. Morgan Stanley lifted their price target on shares of Shake Shack from $47.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, July 16th. Wedbush reiterated a “hold” rating and issued a $62.00 price target on shares of Shake Shack in a research report on Friday, August 3rd. Finally, Longbow Research downgraded shares of Shake Shack from a “buy” rating to a “neutral” rating and set a $57.96 price target for the company. in a research report on Wednesday, May 23rd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $53.00.

Shake Shack Company Profile

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 27, 2017, it had 159 Shacks, including 90 domestic company-operated Shacks, 10 domestic licensed Shacks, and 59 international licensed Shacks.

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Insider Buying and Selling by Quarter for Shake Shack (NYSE:SHAK)

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