Insider Selling: Shake Shack Inc. (NYSE:SHAK) Director Sells $12,959.52 in Stock

Shake Shack Inc. (NYSE:SHAK) Director Jeffrey Flug sold 152 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $85.26, for a total transaction of $12,959.52. Following the transaction, the director now owns 3,803 shares in the company, valued at approximately $324,243.78. The sale was disclosed in a filing with the SEC, which is available at this link.

Shake Shack Stock Performance

SHAK opened at $84.45 on Friday. Shake Shack Inc. has a 52-week low of $52.79 and a 52-week high of $111.29. The company has a quick ratio of 1.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.52. The firm’s fifty day simple moving average is $93.94 and its two-hundred day simple moving average is $91.42. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 153.55, a PEG ratio of 3.35 and a beta of 1.75.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The company had revenue of $290.50 million during the quarter, compared to analyst estimates of $291.00 million. Shake Shack had a return on equity of 4.86% and a net margin of 2.08%. Shake Shack’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.01) EPS. Equities analysts anticipate that Shake Shack Inc. will post 0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lido Advisors LLC purchased a new position in shares of Shake Shack in the third quarter worth about $312,000. Savoir Faire Capital Management L.P. purchased a new position in Shake Shack in the 3rd quarter worth approximately $1,545,000. Public Employees Retirement System of Ohio purchased a new position in Shake Shack in the 3rd quarter worth approximately $1,700,000. Hedges Asset Management LLC boosted its holdings in shares of Shake Shack by 3.8% during the 4th quarter. Hedges Asset Management LLC now owns 24,600 shares of the company’s stock worth $1,823,000 after purchasing an additional 900 shares during the last quarter. Finally, Legato Capital Management LLC grew its position in shares of Shake Shack by 49.2% in the fourth quarter. Legato Capital Management LLC now owns 13,162 shares of the company’s stock valued at $976,000 after purchasing an additional 4,340 shares in the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Shake Shack from $102.00 to $105.00 and gave the stock an “underweight” rating in a research note on Monday, June 3rd. UBS Group raised their price objective on Shake Shack from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Truist Financial upped their target price on Shake Shack from $124.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, July 1st. BTIG Research raised their price target on shares of Shake Shack from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, The Goldman Sachs Group initiated coverage on shares of Shake Shack in a report on Thursday, June 13th. They issued a “buy” rating and a $110.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $99.22.

Shake Shack Company Profile

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.