Shake Shack Inc (NYSE:SHAK) Director Jeffrey Flug sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $42.36, for a total transaction of $1,059,000.00. Following the completion of the transaction, the director now directly owns 4,415 shares of the company’s stock, valued at approximately $187,019.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Jeffrey Flug also recently made the following trade(s):
- On Wednesday, March 7th, Jeffrey Flug sold 15,904 shares of Shake Shack stock. The shares were sold at an average price of $41.31, for a total transaction of $656,994.24.
- On Monday, March 5th, Jeffrey Flug sold 40,000 shares of Shake Shack stock. The shares were sold at an average price of $40.32, for a total transaction of $1,612,800.00.
- On Friday, March 2nd, Jeffrey Flug sold 62,720 shares of Shake Shack stock. The shares were sold at an average price of $39.12, for a total transaction of $2,453,606.40.
- On Wednesday, February 28th, Jeffrey Flug sold 41,376 shares of Shake Shack stock. The shares were sold at an average price of $39.14, for a total transaction of $1,619,456.64.
Shares of SHAK stock traded up $0.37 during midday trading on Wednesday, hitting $41.43. 10,479 shares of the company’s stock were exchanged, compared to its average volume of 920,175. The company has a market capitalization of $1,510.88, a P/E ratio of 72.07, a PEG ratio of 3.99 and a beta of 1.41. Shake Shack Inc has a one year low of $30.12 and a one year high of $47.39.
Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, February 15th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.04. Shake Shack had a negative net margin of 0.63% and a positive return on equity of 9.47%. The firm had revenue of $96.14 million during the quarter, compared to the consensus estimate of $92.80 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The business’s quarterly revenue was up 31.2% on a year-over-year basis. equities research analysts expect that Shake Shack Inc will post 0.46 earnings per share for the current year.
Several brokerages recently commented on SHAK. SunTrust Banks set a $54.00 target price on shares of Shake Shack and gave the stock a “buy” rating in a report on Friday, February 16th. TheStreet downgraded shares of Shake Shack from a “c” rating to a “d+” rating in a report on Friday, March 16th. Barclays dropped their price objective on shares of Shake Shack from $49.00 to $45.00 and set an “equal weight” rating on the stock in a report on Friday, February 16th. Morgan Stanley upgraded shares of Shake Shack from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $43.04 to $34.00 in a report on Thursday, December 7th. Finally, Wedbush restated a “hold” rating and set a $38.00 price objective on shares of Shake Shack in a report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $39.73.
Hedge funds have recently made changes to their positions in the business. Wasatch Advisors Inc. acquired a new stake in Shake Shack in the third quarter valued at $1,994,000. OxFORD Asset Management LLP bought a new position in shares of Shake Shack in the third quarter valued at about $1,423,000. Sylebra HK Co Ltd raised its position in shares of Shake Shack by 2.6% in the third quarter. Sylebra HK Co Ltd now owns 1,001,849 shares of the company’s stock valued at $33,291,000 after purchasing an additional 25,546 shares during the period. OppenheimerFunds Inc. raised its position in shares of Shake Shack by 39.1% in the fourth quarter. OppenheimerFunds Inc. now owns 1,005,241 shares of the company’s stock valued at $43,427,000 after purchasing an additional 282,404 shares during the period. Finally, Maverick Capital Ltd. bought a new position in shares of Shake Shack in the fourth quarter valued at about $7,601,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.
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.
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