Shake Shack Inc (NYSE:SHAK) Director Jonathan D. Sokoloff Sells 212,927 Shares

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Shake Shack Inc (NYSE:SHAK) Director Jonathan D. Sokoloff sold 212,927 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $74.81, for a total transaction of $15,929,068.87. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Friday, July 12th, Jonathan D. Sokoloff sold 104,147 shares of Shake Shack stock. The stock was sold at an average price of $75.12, for a total transaction of $7,823,522.64.
  • On Thursday, May 30th, Jonathan D. Sokoloff sold 21,144 shares of Shake Shack stock. The stock was sold at an average price of $60.20, for a total transaction of $1,272,868.80.
  • On Wednesday, May 15th, Jonathan D. Sokoloff sold 178,739 shares of Shake Shack stock. The stock was sold at an average price of $60.93, for a total transaction of $10,890,567.27.
  • On Thursday, May 9th, Jonathan D. Sokoloff sold 53,720 shares of Shake Shack stock. The stock was sold at an average price of $60.06, for a total transaction of $3,226,423.20.
  • On Monday, May 13th, Jonathan D. Sokoloff sold 229,962 shares of Shake Shack stock. The stock was sold at an average price of $60.20, for a total transaction of $13,843,712.40.
  • On Tuesday, May 7th, Jonathan D. Sokoloff sold 9,078 shares of Shake Shack stock. The stock was sold at an average price of $57.77, for a total transaction of $524,436.06.

SHAK stock traded down $1.58 during midday trading on Tuesday, hitting $73.43. The stock had a trading volume of 518,555 shares, compared to its average volume of 686,273. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 103.42, a PEG ratio of 5.75 and a beta of 1.41. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.94. Shake Shack Inc has a 12-month low of $40.67 and a 12-month high of $76.49. The business has a 50-day moving average price of $67.72.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. The firm had revenue of $132.60 million during the quarter, compared to analysts’ expectations of $127.23 million. Shake Shack had a net margin of 2.88% and a return on equity of 9.64%. Shake Shack’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 EPS. On average, equities research analysts anticipate that Shake Shack Inc will post 0.58 EPS for the current fiscal year.

A number of research analysts have recently weighed in on SHAK shares. ValuEngine raised shares of Zuora from a “hold” rating to a “buy” rating in a research note on Saturday, July 6th. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. TheStreet cut shares of Viewray from a “c-” rating to a “d” rating in a research note on Friday, May 3rd. SunTrust Banks lifted their target price on shares of Paylocity to $108.00 and gave the stock a “positive” rating in a research note on Friday, May 3rd. Finally, Piper Jaffray Companies started coverage on shares of WSFS Financial in a research note on Monday. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $60.44.

Several hedge funds and other institutional investors have recently made changes to their positions in SHAK. Truvestments Capital LLC purchased a new stake in shares of Shake Shack during the 1st quarter valued at $80,000. LPL Financial LLC lifted its holdings in shares of Shake Shack by 5.2% during the 4th quarter. LPL Financial LLC now owns 5,015 shares of the company’s stock valued at $228,000 after acquiring an additional 248 shares in the last quarter. Everence Capital Management Inc. acquired a new position in shares of Shake Shack during the 1st quarter valued at $241,000. LS Investment Advisors LLC lifted its holdings in shares of Shake Shack by 4.7% during the 1st quarter. LS Investment Advisors LLC now owns 4,372 shares of the company’s stock valued at $259,000 after acquiring an additional 196 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Shake Shack during the 1st quarter valued at $302,000. 84.37% of the stock is owned by institutional investors.

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 26, 2018, it operated 208 Shacks, including 124 domestic company-operated Shacks, 12 domestic licensed Shacks, and 72 international licensed Shacks.

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

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