Insider Selling: Shake Shack, Inc. (SHAK) Director Sells 15,000 Shares of Stock

Shake Shack, Inc. (NYSE:SHAK) Director Daniel Harris Meyer sold 15,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $37.11, for a total value of $556,650.00. Following the completion of the transaction, the director now owns 642 shares in the company, valued at approximately $23,824.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Daniel Harris Meyer also recently made the following trade(s):

  • On Friday, November 3rd, Daniel Harris Meyer sold 35,000 shares of Shake Shack stock. The stock was sold at an average price of $36.15, for a total value of $1,265,250.00.
  • On Monday, November 6th, Daniel Harris Meyer sold 45,000 shares of Shake Shack stock. The stock was sold at an average price of $36.27, for a total value of $1,632,150.00.

Shares of Shake Shack, Inc. (NYSE:SHAK) traded up $1.00 on Monday, hitting $38.35. The company had a trading volume of 737,200 shares, compared to its average volume of 720,689. The stock has a market capitalization of $1,408.56, a P/E ratio of 68.48, a price-to-earnings-growth ratio of 3.32 and a beta of 1.39. Shake Shack, Inc. has a one year low of $30.12 and a one year high of $39.70.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. The company had revenue of $94.60 million during the quarter, compared to the consensus estimate of $94.17 million. Shake Shack had a return on equity of 9.42% and a net margin of 4.78%. Shake Shack’s revenue was up 26.8% on a year-over-year basis. During the same period last year, the business posted $0.15 earnings per share. equities analysts forecast that Shake Shack, Inc. will post 0.52 EPS for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. increased its position in Shake Shack by 0.3% in the second quarter. Alps Advisors Inc. now owns 15,588 shares of the company’s stock worth $544,000 after buying an additional 41 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in Shake Shack by 6.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,380 shares of the company’s stock worth $153,000 after buying an additional 280 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Shake Shack by 4.1% in the second quarter. Louisiana State Employees Retirement System now owns 7,600 shares of the company’s stock worth $265,000 after buying an additional 300 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Shake Shack by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 101,162 shares of the company’s stock worth $3,529,000 after buying an additional 320 shares during the last quarter. Finally, Arizona State Retirement System increased its position in Shake Shack by 4.3% in the second quarter. Arizona State Retirement System now owns 9,700 shares of the company’s stock worth $338,000 after buying an additional 400 shares during the last quarter. 81.87% of the stock is owned by institutional investors and hedge funds.

SHAK has been the subject of several analyst reports. Zacks Investment Research downgraded Shake Shack from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Wedbush reissued an “outperform” rating and issued a $40.00 price objective (down from $43.00) on shares of Shake Shack in a research note on Sunday, July 30th. BidaskClub downgraded Shake Shack from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Barclays PLC lowered their price objective on Shake Shack from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, August 4th. Finally, TheStreet raised Shake Shack from a “d” rating to a “c-” rating in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $37.33.

About Shake Shack

Shake Shack Inc operates roadside burger stands. The Company serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. The Company’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard.

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

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