Shake Shack Inc (NYSE:SHAK) CEO Randall J. Garutti sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $38.15, for a total value of $1,526,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Shake Shack Inc (NYSE SHAK) traded down $0.01 during mid-day trading on Wednesday, hitting $38.99. The stock had a trading volume of 1,044,658 shares, compared to its average volume of 1,052,384. The stock has a market cap of $1,430.00, a P/E ratio of -3,899.00, a price-to-earnings-growth ratio of 3.63 and a beta of 1.33. Shake Shack Inc has a fifty-two week low of $30.12 and a fifty-two week high of $47.39.
Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, February 15th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. The business had revenue of $96.14 million during the quarter, compared to the consensus estimate of $92.80 million. Shake Shack had a positive return on equity of 9.50% and a negative net margin of 0.63%. The company’s revenue for the quarter was up 31.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 EPS. equities research analysts forecast that Shake Shack Inc will post 0.48 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SHAK. Elkfork Partners LLC acquired a new stake in shares of Shake Shack in the 4th quarter worth approximately $123,000. Cipher Capital LP acquired a new stake in shares of Shake Shack in the 3rd quarter worth approximately $211,000. Sciencast Management LP acquired a new stake in shares of Shake Shack in the 4th quarter worth approximately $227,000. Millennium Management LLC acquired a new stake in shares of Shake Shack in the 4th quarter worth approximately $228,000. Finally, Municipal Employees Retirement System of Michigan grew its holdings 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 worth $231,000 after acquiring an additional 2,580 shares during the period. Institutional investors and hedge funds own 82.49% of the company’s stock.
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About Shake Shack
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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