Shake Shack (NYSE:SHAK) Director Buys $500,550.20 in Stock

Shake Shack, Inc. (NYSE:SHAK) Director Josh Silverman purchased 8,290 shares of the company’s stock in a transaction on Friday, May 15th. The stock was purchased at an average price of $60.38 per share, with a total value of $500,550.20. Following the completion of the transaction, the director owned 8,290 shares of the company’s stock, valued at approximately $500,550.20. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shake Shack Price Performance

Shares of SHAK traded down $0.75 during mid-day trading on Monday, reaching $59.66. The stock had a trading volume of 2,487,824 shares, compared to its average volume of 1,685,013. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 60.88, a PEG ratio of 2.50 and a beta of 1.78. Shake Shack, Inc. has a 12 month low of $59.49 and a 12 month high of $144.65. The business has a fifty day moving average of $90.37 and a 200 day moving average of $89.83. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.66 and a current ratio of 1.69.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.00 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.11). Shake Shack had a return on equity of 9.62% and a net margin of 2.76%.The firm had revenue of $366.74 million during the quarter, compared to the consensus estimate of $372.43 million. During the same quarter in the previous year, the company earned $0.14 earnings per share. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. Equities analysts predict that Shake Shack, Inc. will post 1.24 EPS for the current year.

Institutional Trading of Shake Shack

Several hedge funds have recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in shares of Shake Shack by 21.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,590,911 shares of the company’s stock worth $242,535,000 after acquiring an additional 450,406 shares in the last quarter. 12 West Capital Management LP raised its holdings in shares of Shake Shack by 12.0% during the 4th quarter. 12 West Capital Management LP now owns 1,963,595 shares of the company’s stock worth $159,385,000 after acquiring an additional 210,000 shares in the last quarter. State Street Corp raised its holdings in Shake Shack by 1.1% during the 2nd quarter. State Street Corp now owns 1,470,084 shares of the company’s stock valued at $206,694,000 after buying an additional 15,607 shares during the period. Swedbank AB purchased a new stake in Shake Shack during the 4th quarter valued at $84,092,000. Finally, Van Berkom & Associates Inc. raised its holdings in Shake Shack by 27.6% during the 4th quarter. Van Berkom & Associates Inc. now owns 923,347 shares of the company’s stock valued at $74,948,000 after buying an additional 199,687 shares during the period. 86.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on SHAK shares. Mizuho set a $100.00 price target on Shake Shack in a research note on Friday, May 8th. Morgan Stanley restated an “overweight” rating on shares of Shake Shack in a research note on Friday, May 8th. BNP Paribas Exane dropped their price target on Shake Shack from $124.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Oppenheimer set a $100.00 price target on Shake Shack in a research note on Friday, May 8th. Finally, DA Davidson set a $85.00 price target on Shake Shack in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $107.08.

About Shake Shack

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.