Insider Selling: Shake Shack, Inc. (SHAK) Director Sells $443,137.00 in Stock

Shake Shack, Inc. (NYSE:SHAK) Director Jeffrey Flug sold 14,050 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $31.54, for a total value of $443,137.00. Following the transaction, the director now owns 4,415 shares in the company, valued at $139,249.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Jeffrey Flug also recently made the following trade(s):

  • On Wednesday, September 13th, Jeffrey Flug sold 39,619 shares of Shake Shack stock. The stock was sold at an average price of $31.40, for a total value of $1,244,036.60.
  • On Wednesday, September 6th, Jeffrey Flug sold 16,531 shares of Shake Shack stock. The stock was sold at an average price of $31.17, for a total value of $515,271.27.
  • On Friday, September 1st, Jeffrey Flug sold 25,000 shares of Shake Shack stock. The stock was sold at an average price of $30.98, for a total value of $774,500.00.
  • On Tuesday, August 29th, Jeffrey Flug sold 4,800 shares of Shake Shack stock. The stock was sold at an average price of $30.96, for a total value of $148,608.00.

Shake Shack, Inc. (NYSE SHAK) opened at 32.06 on Monday. Shake Shack, Inc. has a 1-year low of $30.12 and a 1-year high of $39.70. The firm’s 50-day moving average price is $31.39 and its 200-day moving average price is $33.01. The firm has a market capitalization of $832.95 million, a PE ratio of 55.85 and a beta of 1.30.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.04. The company had revenue of $91.30 million for the quarter, compared to analyst estimates of $89.00 million. Shake Shack had a net margin of 4.70% and a return on equity of 8.71%. Shake Shack’s revenue for the quarter was up 37.3% on a year-over-year basis. During the same quarter last year, the business earned $0.14 EPS. On average, equities research analysts predict that Shake Shack, Inc. will post $0.52 EPS for the current fiscal year.

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Several research analysts have recently weighed in on SHAK shares. Piper Jaffray Companies started coverage on Shake Shack in a report on Wednesday, May 24th. They set an “overweight” rating and a $44.00 target price on the stock. Wedbush reiterated an “outperform” rating and issued a $40.00 price objective (down from $43.00) on shares of Shake Shack in a report on Sunday, July 30th. BidaskClub cut Shake Shack from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Cowen and Company reiterated a “hold” rating and issued a $35.00 price objective on shares of Shake Shack in a report on Tuesday, September 12th. Finally, SunTrust Banks, Inc. set a $48.00 price objective on Shake Shack and gave the company a “buy” rating in a report on Tuesday, June 27th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $37.60.

Institutional investors and hedge funds have recently made changes to their positions in the business. FNY Partners Fund LP acquired a new position in shares of Shake Shack in the 1st quarter valued at $100,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Shake Shack by 206.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,666 shares of the company’s stock valued at $122,000 after purchasing an additional 2,469 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Shake Shack by 109.7% in the 1st quarter. Victory Capital Management Inc. now owns 3,715 shares of the company’s stock valued at $124,000 after purchasing an additional 1,943 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Shake Shack by 85.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,630 shares of the company’s stock valued at $126,000 after purchasing an additional 1,670 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new position in shares of Shake Shack in the 1st quarter valued at $137,000. Institutional investors own 82.30% of the company’s stock.

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.

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

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