Insider Selling: Shake Shack Inc (NYSE:SHAK) Director Sells $1,900,293.15 in Stock

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Shake Shack Inc (NYSE:SHAK) Director Jonathan D. Sokoloff sold 25,697 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $73.95, for a total value of $1,900,293.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 value of $7,823,522.64.
  • On Tuesday, July 16th, Jonathan D. Sokoloff sold 212,927 shares of Shake Shack stock. The stock was sold at an average price of $74.81, for a total value of $15,929,068.87.
  • On Thursday, May 30th, Jonathan D. Sokoloff sold 21,144 shares of Shake Shack stock. The shares were sold at an average price of $60.20, for a total value of $1,272,868.80.
  • On Wednesday, May 15th, Jonathan D. Sokoloff sold 178,739 shares of Shake Shack stock. The shares were sold at an average price of $60.93, for a total value of $10,890,567.27.
  • On Thursday, May 9th, Jonathan D. Sokoloff sold 53,720 shares of Shake Shack stock. The shares were sold at an average price of $60.06, for a total value 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 value 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 value of $524,436.06.

Shares of NYSE:SHAK opened at $74.17 on Friday. The company has a 50-day simple moving average of $68.58. Shake Shack Inc has a one year low of $40.67 and a one year high of $76.49. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $2.75 billion, a PE ratio of 104.46, a price-to-earnings-growth ratio of 5.60 and a beta of 1.41.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Shake Shack had a net margin of 2.88% and a return on equity of 9.64%. The firm had revenue of $132.60 million during the quarter, compared to analysts’ expectations of $127.23 million. During the same period in the prior year, the company posted $0.15 earnings per share. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. On average, equities research analysts forecast that Shake Shack Inc will post 0.59 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in Shake Shack during the first quarter worth approximately $80,000. Everence Capital Management Inc. purchased a new position in Shake Shack during the first quarter worth approximately $241,000. LS Investment Advisors LLC raised its stake in Shake Shack by 4.7% during the first quarter. LS Investment Advisors LLC now owns 4,372 shares of the company’s stock worth $259,000 after purchasing an additional 196 shares during the period. LPL Financial LLC raised its stake in Shake Shack by 5.2% during the fourth quarter. LPL Financial LLC now owns 5,015 shares of the company’s stock worth $228,000 after purchasing an additional 248 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Shake Shack in the 1st quarter valued at $302,000. Institutional investors and hedge funds own 84.37% of the company’s stock.

Several analysts have issued reports on SHAK shares. Morgan Stanley set a $226.00 target price on S&P Global and gave the company a “hold” rating in a research report on Friday, May 3rd. ValuEngine upgraded Zuora from a “hold” rating to a “buy” rating in a research note on Saturday, July 6th. Piper Jaffray Companies set a $173.00 target price on DexCom and gave the stock a “buy” rating in a research note on Monday, July 15th. TheStreet downgraded Viewray from a “c-” rating to a “d” rating in a research report on Friday, May 3rd. Finally, Longbow Research downgraded Texas Instruments from a “buy” rating to a “neutral” rating and set a $116.20 price target on the stock. in a research report on Wednesday, April 17th. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $63.17.

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 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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