Shake Shack Inc (SHAK) Director Jonathan D. Sokoloff Sells 700 Shares

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Shake Shack Inc (NYSE:SHAK) Director Jonathan D. Sokoloff sold 700 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $53.00, for a total transaction of $37,100.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Jonathan D. Sokoloff also recently made the following trade(s):

  • On Wednesday, March 13th, Jonathan D. Sokoloff sold 185,847 shares of Shake Shack stock. The stock was sold at an average price of $53.10, for a total transaction of $9,868,475.70.
  • On Monday, February 25th, Jonathan D. Sokoloff sold 76,923 shares of Shake Shack stock. The stock was sold at an average price of $53.23, for a total transaction of $4,094,611.29.
  • On Tuesday, February 19th, Jonathan D. Sokoloff sold 2,301 shares of Shake Shack stock. The stock was sold at an average price of $53.01, for a total transaction of $121,976.01.
  • On Thursday, February 21st, Jonathan D. Sokoloff sold 87,733 shares of Shake Shack stock. The stock was sold at an average price of $53.09, for a total transaction of $4,657,744.97.
  • On Wednesday, February 13th, Jonathan D. Sokoloff sold 3,517 shares of Shake Shack stock. The stock was sold at an average price of $53.00, for a total transaction of $186,401.00.
  • On Friday, February 15th, Jonathan D. Sokoloff sold 28,585 shares of Shake Shack stock. The stock was sold at an average price of $53.02, for a total transaction of $1,515,576.70.

Shares of Shake Shack stock traded up $1.66 on Thursday, hitting $54.77. The company had a trading volume of 812,330 shares, compared to its average volume of 765,914. The stock has a market capitalization of $1.97 billion, a PE ratio of 77.14, a price-to-earnings-growth ratio of 3.80 and a beta of 1.44. Shake Shack Inc has a twelve month low of $39.77 and a twelve month high of $70.12.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Monday, February 25th. The company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.03. The company had revenue of $124.30 million during the quarter, compared to analysts’ expectations of $119.08 million. Shake Shack had a net margin of 3.30% and a return on equity of 9.57%. The business’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 earnings per share. On average, equities research analysts forecast that Shake Shack Inc will post 0.62 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Shake Shack by 30.4% during the third quarter. BlackRock Inc. now owns 3,800,912 shares of the company’s stock worth $239,495,000 after acquiring an additional 886,216 shares during the period. Vanguard Group Inc. boosted its stake in shares of Shake Shack by 28.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,878,119 shares of the company’s stock valued at $181,350,000 after purchasing an additional 638,875 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Shake Shack by 28.5% in the 3rd quarter. Vanguard Group Inc now owns 2,878,119 shares of the company’s stock valued at $181,350,000 after purchasing an additional 638,875 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of Shake Shack by 63.4% in the 4th quarter. Macquarie Group Ltd. now owns 1,014,914 shares of the company’s stock valued at $46,097,000 after purchasing an additional 393,710 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Shake Shack by 48.0% in the 3rd quarter. Renaissance Technologies LLC now owns 818,566 shares of the company’s stock valued at $51,578,000 after purchasing an additional 265,366 shares in the last quarter. Institutional investors own 83.39% of the company’s stock.

A number of research analysts recently issued reports on SHAK shares. Stifel Nicolaus decreased their price objective on shares of Shake Shack from $65.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, December 12th. Jefferies Financial Group upgraded shares of Shake Shack from an “underperform” rating to a “hold” rating and set a $45.08 price objective for the company in a report on Wednesday, December 19th. They noted that the move was a valuation call. Wedbush decreased their price objective on shares of Shake Shack from $56.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, February 26th. Finally, Zacks Investment Research cut shares of Shake Shack from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Shake Shack presently has an average rating of “Hold” and an average price target of $54.21.

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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, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of October 9, 2018, it operated 180 locations in 26 U.S.

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

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