Shake Shack Inc. (NYSE:SHAK) CFO Katherine Irene Fogertey Sells 3,956 Shares

Shake Shack Inc. (NYSE:SHAK) CFO Katherine Irene Fogertey sold 3,956 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $127.49, for a total value of $504,350.44. Following the completion of the sale, the chief financial officer now directly owns 35,750 shares of the company’s stock, valued at approximately $4,557,767.50. The trade was a 9.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, June 13th, Katherine Irene Fogertey sold 562 shares of Shake Shack stock. The stock was sold at an average price of $124.84, for a total value of $70,160.08.
• 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 Up 2.7%

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

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

Wall Street Analyst Weigh In

SHAK has been the topic of a number of recent analyst reports. Barclays dropped their price target on shares of Shake Shack from $155.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. TD Securities restated a “hold” rating and issued a $105.00 target price on shares of Shake Shack in a report on Monday, May 19th. Stifel Nicolaus cut their price target on shares of Shake Shack from $120.00 to $97.00 and set a “hold” rating on the stock in a research report on Tuesday, April 15th. KeyCorp began coverage on Shake Shack in a research report on Monday, June 2nd. They issued a “sector weight” rating for the company. Finally, JPMorgan Chase & Co. dropped their price objective on Shake Shack from $105.00 to $100.00 and set an “underweight” rating on the stock in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $115.40.

Institutional Investors Weigh In On Shake Shack

Several institutional investors and hedge funds have recently added to or reduced their stakes in SHAK. Farther Finance Advisors LLC increased its holdings in Shake Shack by 939.3% in the 1st 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 last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Shake Shack in the first quarter worth about $26,000. Nemes Rush Group LLC bought a new stake in shares of Shake Shack in the fourth quarter valued at approximately $29,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Shake Shack in the fourth quarter valued at approximately $32,000. Finally, Garde Capital Inc. purchased a new stake in shares of Shake Shack during the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

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.