Shake Shack Inc. (NYSE:SHAK) CFO Sells $33,361.53 in Stock

Shake Shack Inc. (NYSE:SHAK) CFO Katherine Irene Fogertey sold 321 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $103.93, for a total transaction of $33,361.53. Following the transaction, the chief financial officer now directly owns 36,180 shares of the company’s stock, valued at $3,760,187.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Katherine Irene Fogertey also recently made the following trade(s):

• On Wednesday, September 4th, Katherine Irene Fogertey sold 321 shares of Shake Shack stock. The stock was sold at an average price of $98.57, for a total transaction of $31,640.97.
• On Monday, August 5th, Katherine Irene Fogertey sold 321 shares of Shake Shack stock. The stock was sold at an average price of $95.10, for a total transaction of $30,527.10.
• On Friday, August 2nd, Katherine Irene Fogertey sold 963 shares of Shake Shack stock. The shares were sold at an average price of $96.03, for a total transaction of $92,476.89.

Shake Shack Stock Performance

NYSE SHAK opened at $110.02 on Monday. The business’s 50-day moving average price is $101.69 and its 200 day moving average price is $97.49. The company has a current ratio of 2.06, a quick ratio of 2.03 and a debt-to-equity ratio of 0.51. Shake Shack Inc. has a twelve month low of $52.79 and a twelve month high of $111.29. The company has a market capitalization of $4.67 billion, a PE ratio of 200.04, a price-to-earnings-growth ratio of 3.14 and a beta of 1.83.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. The business had revenue of $316.50 million for the quarter, compared to analyst estimates of $314.37 million. Shake Shack had a net margin of 2.23% and a return on equity of 5.63%. The company’s revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 EPS. On average, research analysts predict that Shake Shack Inc. will post 0.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Truist Financial reaffirmed a “buy” rating and issued a $127.00 price objective on shares of Shake Shack in a research note on Wednesday, August 28th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $102.00 price target (down previously from $105.00) on shares of Shake Shack in a research note on Tuesday, September 24th. Barclays boosted their price objective on shares of Shake Shack from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Piper Sandler downgraded shares of Shake Shack from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $121.00 to $114.00 in a report on Monday, August 19th. Finally, Bank of America upped their price target on shares of Shake Shack from $104.00 to $116.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Shake Shack has an average rating of “Hold” and a consensus target price of $107.39.

Hedge Funds Weigh In On Shake Shack

Hedge funds and other institutional investors have recently modified their holdings of the company. AdvisorShares Investments LLC lifted its position in Shake Shack by 533.8% during the 4th quarter. AdvisorShares Investments LLC now owns 1,781 shares of the company’s stock worth $132,000 after acquiring an additional 1,500 shares in the last quarter. Mark Asset Management LP acquired a new position in Shake Shack during the 4th quarter worth approximately $739,000. Harbert Fund Advisors Inc. acquired a new position in Shake Shack during the 4th quarter worth approximately $508,000. Los Angeles Capital Management LLC lifted its position in Shake Shack by 190.4% during the 1st quarter. Los Angeles Capital Management LLC now owns 16,532 shares of the company’s stock worth $1,720,000 after acquiring an additional 10,840 shares in the last quarter. Finally, RFG Advisory LLC lifted its position in Shake Shack by 16.9% during the 1st quarter. RFG Advisory LLC now owns 5,144 shares of the company’s stock worth $535,000 after acquiring an additional 743 shares in the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

About Shake Shack

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. The company was founded in 2001 and is headquartered in New York, New York.