Shake Shack Inc (SHAK) Director Jonathan D. Sokoloff Sells 87,733 Shares

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Shake Shack Inc (NYSE:SHAK) Director Jonathan D. Sokoloff sold 87,733 shares of the stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $53.09, for a total transaction of $4,657,744.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Tuesday, February 19th, Jonathan D. Sokoloff sold 2,301 shares of Shake Shack stock. The stock was sold at an average price of $53.01, for a total transaction of $121,976.01.
  • On Wednesday, February 13th, Jonathan D. Sokoloff sold 3,517 shares of Shake Shack stock. The stock was sold at an average price of $53.00, for a total transaction of $186,401.00.
  • On Friday, February 15th, Jonathan D. Sokoloff sold 28,585 shares of Shake Shack stock. The stock was sold at an average price of $53.02, for a total transaction of $1,515,576.70.
  • On Monday, December 3rd, Jonathan D. Sokoloff sold 64,072 shares of Shake Shack stock. The stock was sold at an average price of $52.19, for a total transaction of $3,343,917.68.

NYSE:SHAK traded down $0.50 during midday trading on Friday, reaching $52.44. The stock had a trading volume of 10,624 shares, compared to its average volume of 408,990. Shake Shack Inc has a 1-year low of $37.13 and a 1-year high of $70.12. The firm has a market capitalization of $1.96 billion, a PE ratio of 91.98, a PEG ratio of 3.33 and a beta of 1.40.

Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Shake Shack from a “buy” rating to a “hold” rating in a research note on Thursday, November 8th. Stifel Nicolaus dropped their price target on shares of Shake Shack from $65.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, December 12th. ValuEngine lowered shares of Shake Shack from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 2nd. Longbow Research upgraded shares of Shake Shack from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Tuesday, November 6th. Finally, Wedbush lowered their target price on shares of Shake Shack from $62.00 to $56.00 and set a “neutral” rating on the stock in a research note on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $54.41.

Large investors have recently bought and sold shares of the stock. BlackRock Inc. grew its position in Shake Shack by 30.4% in the 3rd quarter. BlackRock Inc. now owns 3,800,912 shares of the company’s stock worth $239,495,000 after purchasing an additional 886,216 shares during the last quarter. Vanguard Group Inc. grew its position in Shake Shack by 28.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,878,119 shares of the company’s stock worth $181,350,000 after purchasing an additional 638,875 shares during the last quarter. Vanguard Group Inc grew its position in Shake Shack by 28.5% in the 3rd quarter. Vanguard Group Inc now owns 2,878,119 shares of the company’s stock worth $181,350,000 after purchasing an additional 638,875 shares during the last quarter. Macquarie Group Ltd. grew its position in Shake Shack by 63.4% in the 4th quarter. Macquarie Group Ltd. now owns 1,014,914 shares of the company’s stock worth $46,097,000 after purchasing an additional 393,710 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Shake Shack by 48.0% in the 3rd quarter. Renaissance Technologies LLC now owns 818,566 shares of the company’s stock worth $51,578,000 after purchasing an additional 265,366 shares during the last quarter. Institutional investors and hedge funds own 81.83% of the company’s stock.

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About Shake Shack

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 October 9, 2018, it operated 180 locations in 26 U.S.

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