Shake Shack (NYSE:SHAK) CEO Robert Lynch Buys 5,000 Shares

Shake Shack, Inc. (NYSE:SHAK) CEO Robert Lynch purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $60.39 per share, for a total transaction of $301,950.00. Following the purchase, the chief executive officer owned 77,845 shares of the company’s stock, valued at approximately $4,701,059.55. This represents a 6.86% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shake Shack Stock Down 1.2%

Shake Shack stock traded down $0.75 during midday trading on Monday, hitting $59.66. The stock had a trading volume of 2,487,824 shares, compared to its average volume of 1,685,013. The company has a current ratio of 1.69, a quick ratio of 1.66 and a debt-to-equity ratio of 0.45. The stock has a market cap of $2.55 billion, a P/E ratio of 60.88, a P/E/G ratio of 2.50 and a beta of 1.78. Shake Shack, Inc. has a 12 month low of $59.49 and a 12 month high of $144.65. The business has a fifty day moving average price of $90.37 and a 200 day moving average price of $89.83.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.11). The firm had revenue of $366.74 million during the quarter, compared to the consensus estimate of $372.43 million. Shake Shack had a net margin of 2.76% and a return on equity of 9.62%. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share. Research analysts predict that Shake Shack, Inc. will post 1.24 EPS for the current year.

Hedge Funds Weigh In On Shake Shack

Institutional investors have recently made changes to their positions in the stock. Hilton Head Capital Partners LLC bought a new position in shares of Shake Shack during the fourth quarter valued at approximately $25,000. Geneos Wealth Management Inc. bought a new position in Shake Shack in the 1st quarter worth approximately $26,000. Assetmark Inc. grew its holdings in Shake Shack by 457.6% in the 4th quarter. Assetmark Inc. now owns 368 shares of the company’s stock worth $30,000 after buying an additional 302 shares in the last quarter. UMB Bank n.a. grew its holdings in Shake Shack by 42.2% in the 4th quarter. UMB Bank n.a. now owns 391 shares of the company’s stock worth $32,000 after buying an additional 116 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp grew its holdings in Shake Shack by 68.5% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 418 shares of the company’s stock worth $38,000 after buying an additional 170 shares in the last quarter. 86.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Guggenheim lowered their price objective on Shake Shack from $120.00 to $100.00 and set a “buy” rating for the company in a report on Monday, May 11th. Weiss Ratings lowered Shake Shack from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 11th. JPMorgan Chase & Co. lowered their price objective on Shake Shack from $100.00 to $85.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Raymond James Financial set a $140.00 target price on Shake Shack in a report on Wednesday, January 21st. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Shake Shack in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Shake Shack presently has a consensus rating of “Moderate Buy” and an average price target of $107.08.

Shake Shack Company Profile

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.