Shake Shack, Inc. (NYSE:SHAK) SVP Peggy Rubenzer sold 5,400 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $37.90, for a total transaction of $204,660.00. Following the completion of the transaction, the senior vice president now directly owns 22,815 shares in the company, valued at approximately $864,688.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Shake Shack, Inc. (NYSE SHAK) traded down $0.34 during trading hours on Friday, reaching $37.33. 458,483 shares of the company’s stock were exchanged, compared to its average volume of 671,200. The stock has a market capitalization of $1,360.00 and a price-to-earnings ratio of 67.86. 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 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The company had revenue of $94.60 million for the quarter, compared to analyst estimates of $94.17 million. Shake Shack had a net margin of 4.78% and a return on equity of 9.42%. The business’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. equities analysts predict that Shake Shack, Inc. will post 0.52 earnings per share for the current year.
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A number of large investors have recently modified their holdings of the business. FMR LLC increased its stake in Shake Shack by 5.7% during the second quarter. FMR LLC now owns 2,615,287 shares of the company’s stock worth $91,221,000 after purchasing an additional 142,140 shares during the period. Gilder Gagnon Howe & Co. LLC increased its stake in shares of Shake Shack by 5.8% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 2,318,882 shares of the company’s stock worth $80,883,000 after buying an additional 128,075 shares during the period. Vanguard Group Inc. increased its stake in shares of Shake Shack by 9.5% during the second quarter. Vanguard Group Inc. now owns 1,641,799 shares of the company’s stock worth $57,266,000 after buying an additional 143,027 shares during the period. Sylebra HK Co Ltd increased its stake in shares of Shake Shack by 2.6% during the third quarter. Sylebra HK Co Ltd now owns 1,001,849 shares of the company’s stock worth $33,291,000 after buying an additional 25,546 shares during the period. Finally, Macquarie Group Ltd. increased its stake in shares of Shake Shack by 18.9% during the second quarter. Macquarie Group Ltd. now owns 844,390 shares of the company’s stock worth $29,452,000 after buying an additional 134,386 shares during the period. Institutional investors own 81.87% of the company’s stock.
A number of research firms have commented on SHAK. Barclays PLC decreased their target price on shares of Shake Shack from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, August 4th. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of Shake Shack in a research report on Monday, August 21st. BidaskClub raised shares of Shake Shack from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 23rd. Wedbush decreased their target price on shares of Shake Shack from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, August 4th. Finally, Morgan Stanley upped their target price on shares of Shake Shack from $32.00 to $34.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price 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.
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