Shake Shack (NYSE:SHAK) CEO Robert Lynch Acquires 5,000 Shares

Shake Shack, Inc. (NYSE:SHAK) CEO Robert Lynch bought 5,000 shares of Shake Shack stock in a transaction on Friday, May 15th. The shares were bought at an average price of $60.39 per share, for a total transaction of $301,950.00. Following the acquisition, the chief executive officer owned 77,845 shares of the company’s stock, valued at approximately $4,701,059.55. The trade was a 6.86% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shake Shack Trading Down 1.2%

NYSE:SHAK opened at $59.66 on Tuesday. Shake Shack, Inc. has a fifty-two week low of $59.49 and a fifty-two week high of $144.65. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.69 and a quick ratio of 1.66. The stock has a market capitalization of $2.55 billion, a PE ratio of 60.88, a price-to-earnings-growth ratio of 2.50 and a beta of 1.78. The business’s 50-day simple moving average is $89.62 and its 200-day simple moving average is $89.60.

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

Institutional Trading of Shake Shack

Several institutional investors and hedge funds have recently modified their holdings of SHAK. Geneos Wealth Management Inc. acquired a new position in Shake Shack in the 1st quarter worth about $26,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Shake Shack in the fourth quarter valued at about $25,000. Assetmark Inc. increased its stake in shares of Shake Shack by 457.6% in the fourth quarter. Assetmark Inc. now owns 368 shares of the company’s stock valued at $30,000 after buying an additional 302 shares during the period. UMB Bank n.a. boosted its position in shares of Shake Shack by 42.2% during the 4th quarter. UMB Bank n.a. now owns 391 shares of the company’s stock valued at $32,000 after purchasing an additional 116 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Shake Shack during the 3rd quarter valued at about $38,000. 86.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SHAK shares. TD Cowen lowered their price target on Shake Shack from $105.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, May 7th. Bank of America raised Shake Shack from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $88.00 to $101.00 in a research report on Tuesday, March 31st. Oppenheimer set a $100.00 price target on Shake Shack in a research report on Friday, May 8th. Guggenheim lowered their price target on Shake Shack from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Finally, Piper Sandler set a $79.00 price target on Shake Shack in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently 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.