Shake Shack Inc (NYSE:SHAK) Director Sells $7,823,522.64 in Stock

Shake Shack Inc (NYSE:SHAK) Director Jonathan D. Sokoloff sold 104,147 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $75.12, for a total transaction of $7,823,522.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jonathan D. Sokoloff also recently made the following trade(s):

  • On Thursday, July 18th, Jonathan D. Sokoloff sold 25,697 shares of Shake Shack stock. The stock was sold at an average price of $73.95, for a total transaction of $1,900,293.15.
  • On Tuesday, July 16th, Jonathan D. Sokoloff sold 212,927 shares of Shake Shack stock. The stock was sold at an average price of $74.81, for a total transaction of $15,929,068.87.
  • On Thursday, May 30th, Jonathan D. Sokoloff sold 21,144 shares of Shake Shack stock. The stock was sold at an average price of $60.20, for a total transaction of $1,272,868.80.
  • On Wednesday, May 15th, Jonathan D. Sokoloff sold 178,739 shares of Shake Shack stock. The stock was sold at an average price of $60.93, for a total transaction of $10,890,567.27.
  • On Thursday, May 9th, Jonathan D. Sokoloff sold 53,720 shares of Shake Shack stock. The stock was sold at an average price of $60.06, for a total transaction of $3,226,423.20.
  • On Monday, May 13th, Jonathan D. Sokoloff sold 229,962 shares of Shake Shack stock. The stock was sold at an average price of $60.20, for a total transaction of $13,843,712.40.
  • On Tuesday, May 7th, Jonathan D. Sokoloff sold 9,078 shares of Shake Shack stock. The stock was sold at an average price of $57.77, for a total transaction of $524,436.06.

Shake Shack stock opened at $73.93 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.94. Shake Shack Inc has a 1 year low of $40.67 and a 1 year high of $76.49. The firm has a market cap of $2.73 billion, a P/E ratio of 104.13, a PEG ratio of 5.59 and a beta of 1.41. The company’s 50-day simple moving average is $68.30.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. Shake Shack had a net margin of 2.88% and a return on equity of 9.64%. The company had revenue of $132.60 million for the quarter, compared to the consensus estimate of $127.23 million. During the same period in the prior year, the company posted $0.15 EPS. The company’s revenue was up 33.7% compared to the same quarter last year. On average, research analysts expect that Shake Shack Inc will post 0.58 earnings per share for the current fiscal year.

Several research analysts recently issued reports on the stock. SunTrust Banks upped their price target on shares of Paylocity to $108.00 and gave the stock a “positive” rating in a research report on Friday, May 3rd. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. ValuEngine upgraded shares of Zuora from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th. Morgan Stanley set a $226.00 price target on shares of S&P Global and gave the stock a “hold” rating in a research report on Friday, May 3rd. Finally, Longbow Research downgraded shares of Texas Instruments from a “buy” rating to a “neutral” rating and set a $116.20 price target on the stock. in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Shake Shack presently has a consensus rating of “Hold” and a consensus target price of $60.44.

A number of institutional investors have recently added to or reduced their stakes in SHAK. Macquarie Group Ltd. lifted its position in Shake Shack by 63.4% during the 4th quarter. Macquarie Group Ltd. now owns 1,014,914 shares of the company’s stock valued at $46,097,000 after purchasing an additional 393,710 shares during the period. Dimensional Fund Advisors LP lifted its position in Shake Shack by 51.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 417,461 shares of the company’s stock valued at $18,960,000 after purchasing an additional 141,498 shares during the period. FMR LLC lifted its position in Shake Shack by 13.0% during the 1st quarter. FMR LLC now owns 1,203,667 shares of the company’s stock valued at $71,197,000 after purchasing an additional 138,218 shares during the period. Apertura Capital LLC lifted its position in Shake Shack by 133.3% during the 1st quarter. Apertura Capital LLC now owns 175,000 shares of the company’s stock valued at $10,351,000 after purchasing an additional 100,000 shares during the period. Finally, Zweig DiMenna Associates LLC bought a new stake in shares of Shake Shack in the 2nd quarter valued at about $7,169,000. Institutional investors own 84.37% 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, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 26, 2018, it operated 208 Shacks, including 124 domestic company-operated Shacks, 12 domestic licensed Shacks, and 72 international licensed Shacks.

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

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