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 business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $85.26, for a total transaction of $12,959.52. Following the completion of the sale, the director now owns 3,803 shares in the company, valued at $324,243.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shake Shack Price Performance

NYSE:SHAK opened at $84.73 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.03 and a quick ratio of 1.99. Shake Shack Inc. has a one year low of $52.79 and a one year high of $111.29. The company has a fifty day moving average price of $94.72 and a 200 day moving average price of $91.52. The stock has a market cap of $3.58 billion, a P/E ratio of 154.06, a PEG ratio of 3.43 and a beta of 1.75.

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

Analysts Set New Price Targets

A number of analysts recently commented on SHAK shares. Robert W. Baird boosted their target price on shares of Shake Shack from $102.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Truist Financial raised their target price on Shake Shack from $124.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, July 1st. Barclays upped their price target on Shake Shack from $92.00 to $108.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. BTIG Research increased their price objective on Shake Shack from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Finally, JPMorgan Chase & Co. lifted their target price on Shake Shack from $102.00 to $105.00 and gave the company an “underweight” rating in a research note on Monday, June 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Shake Shack currently has an average rating of “Hold” and a consensus target price of $99.22.

Hedge Funds Weigh In On Shake Shack

Several large investors have recently added to or reduced their stakes in the company. Quent Capital LLC increased its position in shares of Shake Shack by 2,469.1% during the second quarter. Quent Capital LLC now owns 2,081 shares of the company’s stock valued at $187,000 after purchasing an additional 2,000 shares during the period. Virtu Financial LLC bought a new stake in Shake Shack in the 1st quarter valued at $653,000. Silvercrest Asset Management Group LLC bought a new stake in Shake Shack in the 1st quarter valued at $418,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Shake Shack by 7.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,883 shares of the company’s stock worth $2,173,000 after acquiring an additional 1,358 shares during the period. Finally, Truvestments Capital LLC boosted its position in shares of Shake Shack by 135.1% during the 1st quarter. Truvestments Capital LLC now owns 8,244 shares of the company’s stock valued at $858,000 after acquiring an additional 4,738 shares in the last quarter. Institutional investors and hedge funds own 86.07% 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, 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.