Shake Shack, Inc. (NYSE:SHAK) CEO Randall J. Garutti sold 8,000 shares of the business’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $31.12, for a total transaction of $248,960.00. Following the completion of the transaction, the chief executive officer now owns 18,961 shares in the company, valued at approximately $590,066.32. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shake Shack, Inc. (NYSE:SHAK) traded up 0.3631% during midday trading on Wednesday, reaching $31.4237. 180,560 shares of the company’s stock were exchanged. Shake Shack, Inc. has a 1-year low of $30.52 and a 1-year high of $39.70. The stock has a market cap of $816.42 million, a P/E ratio of 54.7451 and a beta of 1.30. The firm’s 50-day moving average is $30.78 and its 200 day moving average is $34.79.
Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.04. Shake Shack had a return on equity of 8.71% and a net margin of 4.70%. The business had revenue of $91.30 million for the quarter, compared to analysts’ expectations of $89.00 million. During the same period last year, the business earned $0.14 EPS. The business’s revenue was up 37.3% on a year-over-year basis. Equities analysts anticipate that Shake Shack, Inc. will post $0.52 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. RPG Investment Advisory LLC raised its stake in shares of Shake Shack by 12.3% during the 1st quarter. RPG Investment Advisory LLC now owns 12,813 shares of the company’s stock worth $427,000 after purchasing an additional 1,400 shares during the period. Arizona State Retirement System bought a new stake in shares of Shake Shack during the 1st quarter worth $311,000. Thrivent Financial For Lutherans bought a new stake in Shake Shack in the 1st quarter valued at about $333,000. Brighton Jones LLC bought a new stake in Shake Shack in the 2nd quarter valued at about $425,000. Finally, Swiss National Bank raised its stake in Shake Shack by 5.8% in the 1st quarter. Swiss National Bank now owns 23,700 shares of the company’s stock valued at $792,000 after acquiring an additional 1,300 shares during the period. Institutional investors own 97.46% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. Piper Jaffray Companies assumed coverage on shares of Shake Shack in a research note on Wednesday, May 24th. They issued an “overweight” rating and a $44.00 target price on the stock. Wedbush upgraded shares of Shake Shack from a “neutral” rating to an “outperform” rating and upped their target price for the company from $33.00 to $43.00 in a research note on Thursday, May 18th. BidaskClub lowered shares of Shake Shack from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Cowen and Company reiterated a “hold” rating and set a $35.00 price objective on shares of Shake Shack in a research note on Tuesday. Finally, SunTrust Banks, Inc. set a $48.00 price objective on shares of Shake Shack and gave the stock a “buy” rating in a research note on Tuesday, June 27th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $37.60.
Shake Shack Company Profile
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.
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