Shake Shack Inc (SHAK) Director Sells $10,890,567.27 in Stock

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Shake Shack Inc (NYSE:SHAK) Director Jonathan D. Sokoloff sold 178,739 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $60.93, for a total value of $10,890,567.27. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • 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 shares were 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 shares were sold at an average price of $57.77, for a total value of $524,436.06.
  • On Monday, April 8th, Jonathan D. Sokoloff sold 86,212 shares of Shake Shack stock. The shares were sold at an average price of $58.92, for a total value of $5,079,611.04.
  • On Wednesday, April 10th, Jonathan D. Sokoloff sold 250,000 shares of Shake Shack stock. The shares were sold at an average price of $58.36, for a total value of $14,590,000.00.
  • On Monday, March 11th, Jonathan D. Sokoloff sold 700 shares of Shake Shack stock. The shares were sold at an average price of $53.00, for a total value of $37,100.00.
  • On Wednesday, March 13th, Jonathan D. Sokoloff sold 185,847 shares of Shake Shack stock. The shares were sold at an average price of $53.10, for a total value of $9,868,475.70.
  • On Monday, February 25th, Jonathan D. Sokoloff sold 76,923 shares of Shake Shack stock. The shares were sold at an average price of $53.23, for a total value of $4,094,611.29.
  • On Tuesday, February 19th, Jonathan D. Sokoloff sold 2,301 shares of Shake Shack stock. The shares were sold at an average price of $53.01, for a total value of $121,976.01.
  • On Thursday, February 21st, Jonathan D. Sokoloff sold 87,733 shares of Shake Shack stock. The shares were sold at an average price of $53.09, for a total value of $4,657,744.97.

SHAK traded down $1.12 during midday trading on Friday, reaching $59.77. 556,500 shares of the company’s stock traded hands, compared to its average volume of 709,551. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 84.18, a PEG ratio of 4.67 and a beta of 1.44. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.17 and a quick ratio of 1.15. Shake Shack Inc has a 52 week low of $40.67 and a 52 week high of $70.12.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $132.60 million during the quarter, compared to analyst estimates of $127.23 million. Shake Shack had a return on equity of 9.64% and a net margin of 2.88%. Shake Shack’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 EPS. As a group, sell-side analysts expect that Shake Shack Inc will post 0.58 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SHAK. FMR LLC raised its position in shares of Shake Shack by 13.0% in the 1st quarter. FMR LLC now owns 1,203,667 shares of the company’s stock worth $71,197,000 after acquiring an additional 138,218 shares in the last quarter. Maverick Capital Ltd. raised its position in shares of Shake Shack by 188.7% in the 1st quarter. Maverick Capital Ltd. now owns 170,160 shares of the company’s stock worth $10,065,000 after acquiring an additional 111,230 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Shake Shack by 29.6% in the 1st quarter. Macquarie Group Ltd. now owns 1,314,847 shares of the company’s stock worth $77,773,000 after acquiring an additional 299,933 shares in the last quarter. Jefferies Group LLC bought a new position in shares of Shake Shack in the 1st quarter worth approximately $2,791,000. Finally, Ellington Management Group LLC raised its position in shares of Shake Shack by 116.4% in the 1st quarter. Ellington Management Group LLC now owns 105,600 shares of the company’s stock worth $6,246,000 after acquiring an additional 56,800 shares in the last quarter. 82.95% of the stock is owned by institutional investors and hedge funds.

SHAK has been the subject of a number of recent analyst reports. Zacks Investment Research raised Shake Shack from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. TheStreet raised Shake Shack from a “c” rating to a “b” rating in a research report on Friday, May 3rd. Morgan Stanley upped their price target on Shake Shack from $52.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Stifel Nicolaus upped their price target on Shake Shack from $45.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. Finally, SunTrust Banks upped their price target on Shake Shack to $70.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $55.76.

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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.

Further Reading: Asset Allocation, Balancing Your Investments

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

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