Shake Shack Inc. (NYSE:SHAK) Director Daniel Harris Meyer Sells 40,000 Shares of Stock

Shake Shack Inc. (NYSE:SHAKGet Free Report) Director Daniel Harris Meyer sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $106.34, for a total transaction of $4,253,600.00. Following the transaction, the director now directly owns 480,437 shares of the company’s stock, valued at $51,089,670.58. The sale was disclosed in a document filed with the SEC, which is available through this link.

Daniel Harris Meyer also recently made the following trade(s):

  • On Monday, February 26th, Daniel Harris Meyer sold 6,034 shares of Shake Shack stock. The stock was sold at an average price of $100.08, for a total transaction of $603,882.72.
  • On Friday, February 23rd, Daniel Harris Meyer sold 23,966 shares of Shake Shack stock. The stock was sold at an average price of $100.13, for a total transaction of $2,399,715.58.
  • On Thursday, February 15th, Daniel Harris Meyer sold 30,000 shares of Shake Shack stock. The stock was sold at an average price of $95.25, for a total transaction of $2,857,500.00.

Shake Shack Price Performance

SHAK opened at $100.18 on Wednesday. The company has a 50-day moving average of $80.62 and a 200-day moving average of $68.59. The company has a market capitalization of $4.24 billion, a P/E ratio of 217.78, a PEG ratio of 4.04 and a beta of 1.81. Shake Shack Inc. has a 1-year low of $52.01 and a 1-year high of $108.39. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.01 and a current ratio of 2.04.

Shake Shack (NYSE:SHAKGet Free Report) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.02 earnings per share for the quarter. Shake Shack had a net margin of 1.82% and a return on equity of 3.67%. The business had revenue of $286.20 million during the quarter, compared to the consensus estimate of $280.45 million. During the same quarter in the prior year, the firm earned ($0.06) EPS. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. Equities analysts expect that Shake Shack Inc. will post 0.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SHAK. UBS Group raised their target price on shares of Shake Shack from $80.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Raymond James raised their target price on shares of Shake Shack from $90.00 to $115.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 16th. Wedbush restated a “neutral” rating and set a $80.00 target price on shares of Shake Shack in a research report on Wednesday, February 14th. Oppenheimer raised their target price on shares of Shake Shack from $80.00 to $108.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Finally, TD Cowen lifted their price target on shares of Shake Shack from $73.00 to $91.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Shake Shack currently has a consensus rating of “Hold” and a consensus price target of $81.72.

View Our Latest Research Report on SHAK

Institutional Investors Weigh In On Shake Shack

A number of institutional investors have recently modified their holdings of SHAK. Pinebridge Investments L.P. acquired a new position in Shake Shack during the 2nd quarter valued at about $26,000. GAMMA Investing LLC acquired a new position in Shake Shack during the 4th quarter valued at about $32,000. Ramirez Asset Management Inc. acquired a new position in Shake Shack during the 3rd quarter valued at about $35,000. C M Bidwell & Associates Ltd. acquired a new position in Shake Shack during the 2nd quarter valued at about $39,000. Finally, Natixis acquired a new position in Shake Shack during the 4th quarter valued at about $53,000. Institutional investors own 91.70% of the company’s stock.

Shake Shack Company Profile

(Get Free Report)

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.

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