Daniel Harris Meyer Sells 75,000 Shares of Shake Shack Inc (SHAK) Stock

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Shake Shack Inc (NYSE:SHAK) Director Daniel Harris Meyer sold 75,000 shares of the company’s stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $65.31, for a total transaction of $4,898,250.00. Following the completion of the transaction, the director now owns 1,032 shares in the company, valued at $67,399.92. The transaction 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, June 1st, Daniel Harris Meyer sold 95,000 shares of Shake Shack stock. The shares were sold at an average price of $60.02, for a total transaction of $5,701,900.00.
  • On Friday, May 4th, Daniel Harris Meyer sold 45,000 shares of Shake Shack stock. The shares were sold at an average price of $55.76, for a total transaction of $2,509,200.00.
  • On Tuesday, May 1st, Daniel Harris Meyer sold 10,000 shares of Shake Shack stock. The shares were sold at an average price of $46.93, for a total transaction of $469,300.00.

Shares of Shake Shack opened at $65.54 on Thursday, Marketbeat.com reports. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 114.98, a PEG ratio of 5.34 and a beta of 1.35. Shake Shack Inc has a 12-month low of $30.12 and a 12-month high of $69.96.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, May 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. The firm had revenue of $99.20 million for the quarter, compared to the consensus estimate of $96.77 million. Shake Shack had a negative net margin of 0.27% and a positive return on equity of 9.17%. The business’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share. equities analysts predict that Shake Shack Inc will post 0.54 EPS for the current fiscal year.

SHAK has been the topic of several research reports. Morgan Stanley upped their price target on shares of Shake Shack from $44.00 to $47.00 and gave the company an “equal weight” rating in a research note on Friday, May 4th. TheStreet downgraded shares of Shake Shack from a “c” rating to a “d+” rating in a research note on Friday, March 16th. Longbow Research downgraded shares of Shake Shack from a “buy” rating to a “neutral” rating and set a $57.96 price target on the stock. in a research note on Wednesday, May 23rd. They noted that the move was a valuation call. ValuEngine upgraded shares of Shake Shack from a “hold” rating to a “buy” rating in a research note on Saturday, April 7th. Finally, JPMorgan Chase & Co. downgraded shares of Shake Shack from a “neutral” rating to an “underweight” rating and set a $49.00 price target on the stock. in a research note on Monday, May 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $47.55.

A number of institutional investors have recently made changes to their positions in the business. Comerica Bank lifted its holdings in shares of Shake Shack by 5.5% in the first quarter. Comerica Bank now owns 21,052 shares of the company’s stock worth $908,000 after acquiring an additional 1,095 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Shake Shack by 13.4% in the first quarter. Thrivent Financial for Lutherans now owns 12,766 shares of the company’s stock worth $531,000 after acquiring an additional 1,504 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Shake Shack by 4.6% in the first quarter. Legal & General Group Plc now owns 35,930 shares of the company’s stock worth $1,485,000 after acquiring an additional 1,589 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of Shake Shack by 5.5% in the first quarter. Prudential Financial Inc. now owns 31,860 shares of the company’s stock worth $1,326,000 after acquiring an additional 1,650 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Shake Shack by 7.2% in the first quarter. New York State Common Retirement Fund now owns 25,200 shares of the company’s stock worth $1,049,000 after acquiring an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 73.77% of the company’s stock.

About Shake Shack

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 27, 2017, it had 159 Shacks, including 90 domestic company-operated Shacks, 10 domestic licensed Shacks, and 59 international licensed Shacks.

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

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