Shake Shack Inc (NYSE:SHAK) Director Equity Investors Vi L.P Green sold 250,000 shares of the company’s stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $59.36, for a total value of $14,840,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of SHAK traded down $0.88 on Thursday, hitting $57.93. The company’s stock had a trading volume of 615,300 shares, compared to its average volume of 934,287. Shake Shack Inc has a fifty-two week low of $30.12 and a fifty-two week high of $70.12. The firm has a market capitalization of $2.24 billion, a PE ratio of 103.18, a P/E/G ratio of 4.40 and a beta of 1.21.
Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.11. Shake Shack had a return on equity of 10.39% and a net margin of 0.42%. The business had revenue of $116.30 million during the quarter, compared to analyst estimates of $110.70 million. During the same period in the previous year, the firm earned $0.20 EPS. Shake Shack’s quarterly revenue was up 27.4% compared to the same quarter last year. research analysts anticipate that Shake Shack Inc will post 0.61 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC grew its position in shares of Shake Shack by 15.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 7,283 shares of the company’s stock valued at $482,000 after purchasing an additional 981 shares during the period. Advisors Asset Management Inc. boosted its position in Shake Shack by 50.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 3,202 shares of the company’s stock worth $212,000 after acquiring an additional 1,077 shares during the last quarter. Comerica Bank boosted its position in Shake Shack by 5.5% during the 1st quarter. Comerica Bank now owns 21,052 shares of the company’s stock worth $908,000 after acquiring an additional 1,095 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Shake Shack by 13.4% during the 1st quarter. Thrivent Financial for Lutherans now owns 12,766 shares of the company’s stock worth $531,000 after acquiring an additional 1,504 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Shake Shack by 4.6% during the 1st quarter. Legal & General Group Plc now owns 35,930 shares of the company’s stock worth $1,485,000 after acquiring an additional 1,589 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.
A number of analysts have recently commented on SHAK shares. Morgan Stanley upped their price target on Shake Shack from $47.00 to $51.00 and gave the company an “equal weight” rating in a research note on Monday, July 16th. Barclays upped their price target on Shake Shack from $52.00 to $59.00 and gave the company an “equal weight” rating in a research note on Monday, August 6th. Wedbush reaffirmed a “hold” rating and issued a $62.00 price target on shares of Shake Shack in a research note on Friday, August 3rd. Cowen reaffirmed a “hold” rating and issued a $59.00 price target on shares of Shake Shack in a research note on Wednesday, July 25th. Finally, Zacks Investment Research upgraded Shake Shack from a “sell” rating to a “hold” rating in a research report on Tuesday, July 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $53.00.
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 27, 2017, it had 159 Shacks, including 90 domestic company-operated Shacks, 10 domestic licensed Shacks, and 59 international licensed Shacks.
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