Insider Selling: Shake Shack Inc (SHAK) Insider Sells 4,896 Shares of Stock

Shake Shack Inc (NYSE:SHAK) insider Tara Comonte sold 4,896 shares of Shake Shack stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $64.38, for a total value of $315,204.48. Following the sale, the insider now owns 52,866 shares in the company, valued at $3,403,513.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

NYSE:SHAK traded up $1.47 during trading hours on Thursday, reaching $65.12. The stock had a trading volume of 1,001,800 shares, compared to its average volume of 944,421. Shake Shack Inc has a 12-month low of $30.12 and a 12-month high of $65.96. The company has a market capitalization of $2.31 billion, a P/E ratio of 114.25, a P/E/G ratio of 5.16 and a beta of 1.36.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, May 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.07. Shake Shack had a positive return on equity of 9.17% and a negative net margin of 0.27%. The business had revenue of $99.20 million during the quarter, compared to the consensus estimate of $96.77 million. During the same period last year, the business posted $0.10 earnings per share. The business’s revenue for the quarter was up 29.3% on a year-over-year basis. analysts forecast that Shake Shack Inc will post 0.54 EPS for the current year.

A number of analysts recently commented on SHAK shares. TheStreet lowered Shake Shack from a “c” rating to a “d+” rating in a report on Friday, March 16th. SunTrust Banks set a $54.00 price target on Shake Shack and gave the stock a “buy” rating in a report on Friday, February 16th. ValuEngine upgraded Shake Shack from a “hold” rating to a “buy” rating in a report on Saturday, April 7th. JPMorgan Chase & Co. lowered Shake Shack from a “neutral” rating to an “underweight” rating and set a $49.00 price target on the stock. in a report on Monday, May 7th. Finally, Longbow Research downgraded Shake Shack from a “buy” rating to a “neutral” rating and set a $57.96 target price for the company. in a research report on Wednesday, May 23rd. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and three have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $47.03.

A number of large investors have recently added to or reduced their stakes in SHAK. OppenheimerFunds Inc. grew 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 in the last quarter. Wells Fargo & Company MN grew its position in shares of Shake Shack by 866.7% in the fourth quarter. Wells Fargo & Company MN now owns 241,473 shares of the company’s stock valued at $10,432,000 after purchasing an additional 216,494 shares in the last quarter. Maverick Capital Ltd. purchased a new position in shares of Shake Shack in the fourth quarter valued at $7,601,000. Blair William & Co. IL grew its position in shares of Shake Shack by 134.6% in the first quarter. Blair William & Co. IL now owns 242,161 shares of the company’s stock valued at $10,081,000 after purchasing an additional 138,936 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of Shake Shack by 4.1% in the first quarter. BlackRock Inc. now owns 2,529,829 shares of the company’s stock valued at $105,318,000 after purchasing an additional 100,166 shares in the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

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.

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

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