Insider Selling: Shake Shack Inc. (NYSE:SHAK) CFO Sells 562 Shares of Stock

Shake Shack Inc. (NYSE:SHAK) CFO Katherine Irene Fogertey sold 562 shares of the company’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $124.84, for a total transaction of $70,160.08. Following the completion of the sale, the chief financial officer now directly owns 35,188 shares of the company’s stock, valued at $4,392,869.92. This represents a 1.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Katherine Irene Fogertey also recently made the following trade(s):

• On Thursday, June 12th, Katherine Irene Fogertey sold 3,956 shares of Shake Shack stock. The stock was sold at an average price of $127.49, for a total transaction of $504,350.44.
• On Tuesday, May 13th, Katherine Irene Fogertey sold 180 shares of Shake Shack stock. The shares were sold at an average price of $115.05, for a total transaction of $20,709.00.

Shake Shack Stock Performance

Shares of Shake Shack stock traded up $3.37 on Monday, hitting $127.08. The stock had a trading volume of 1,363,319 shares, compared to its average volume of 1,182,948. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 552.50 and a beta of 1.77. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50. Shake Shack Inc. has a 52-week low of $72.93 and a 52-week high of $139.89. The company’s 50 day moving average price is $105.61 and its 200 day moving average price is $110.67.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The company had revenue of $320.90 million during the quarter, compared to analyst estimates of $330.24 million. During the same period in the previous year, the firm posted $0.13 EPS. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, research analysts anticipate that Shake Shack Inc. will post 1.26 EPS for the current year.

Hedge Funds Weigh In On Shake Shack

A number of large investors have recently modified their holdings of the business. Farther Finance Advisors LLC grew its holdings in Shake Shack by 939.3% during the first quarter. Farther Finance Advisors LLC now owns 291 shares of the company’s stock worth $26,000 after acquiring an additional 263 shares during the period. Geneos Wealth Management Inc. purchased a new position in shares of Shake Shack in the 1st quarter valued at about $26,000. Nemes Rush Group LLC acquired a new stake in shares of Shake Shack in the fourth quarter valued at about $29,000. Harvest Fund Management Co. Ltd purchased a new stake in Shake Shack during the fourth quarter worth about $32,000. Finally, Garde Capital Inc. acquired a new position in Shake Shack during the first quarter worth about $35,000. 86.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Raymond James reaffirmed a “strong-buy” rating and set a $140.00 price objective (down previously from $145.00) on shares of Shake Shack in a research report on Friday, May 2nd. BTIG Research lowered shares of Shake Shack from a “buy” rating to a “neutral” rating in a research note on Monday, June 2nd. Wedbush raised their price objective on shares of Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. Robert W. Baird raised their price target on shares of Shake Shack from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. cut their price objective on Shake Shack from $105.00 to $100.00 and set an “underweight” rating on the stock in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $115.40.

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, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. The company was founded in 2001 and is headquartered in New York, New York.