Shake Shack, Inc. (NYSE:SHAK) Director Daniel Harris Meyer sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $37.11, for a total value of $556,650.00. Following the completion of the transaction, the director now directly owns 642 shares of the company’s stock, valued at approximately $23,824.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Daniel Harris Meyer also recently made the following trade(s):
- On Friday, November 3rd, Daniel Harris Meyer sold 35,000 shares of Shake Shack stock. The shares were sold at an average price of $36.15, for a total value of $1,265,250.00.
- On Monday, November 6th, Daniel Harris Meyer sold 45,000 shares of Shake Shack stock. The shares were sold at an average price of $36.27, for a total value of $1,632,150.00.
Shares of Shake Shack, Inc. (NYSE SHAK) opened at $37.78 on Tuesday. The firm has a market cap of $1,408.56, a P/E ratio of 68.48, a price-to-earnings-growth ratio of 3.32 and a beta of 1.39. Shake Shack, Inc. has a 52-week low of $30.12 and a 52-week high of $39.70.
Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $94.60 million for the quarter, compared to analysts’ expectations of $94.17 million. Shake Shack had a return on equity of 9.42% and a net margin of 4.78%. The company’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 EPS. equities research analysts anticipate that Shake Shack, Inc. will post 0.52 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: This piece was first posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://www.truebluetribune.com/2017/11/14/shake-shack-inc-shak-director-daniel-harris-meyer-sells-15000-shares-of-stock.html.
Several institutional investors have recently bought and sold shares of the business. FMR LLC boosted its holdings in shares of Shake Shack by 5.7% during the 2nd quarter. FMR LLC now owns 2,615,287 shares of the company’s stock worth $91,221,000 after buying an additional 142,140 shares in the last quarter. Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of Shake Shack by 5.8% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,318,882 shares of the company’s stock worth $80,883,000 after buying an additional 128,075 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Shake Shack by 9.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,641,799 shares of the company’s stock worth $57,266,000 after buying an additional 143,027 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Shake Shack by 18.9% during the 2nd quarter. Macquarie Group Ltd. now owns 844,390 shares of the company’s stock worth $29,452,000 after buying an additional 134,386 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of Shake Shack by 101.3% in the 2nd quarter. Lord Abbett & CO. LLC now owns 706,704 shares of the company’s stock worth $24,650,000 after purchasing an additional 355,674 shares in the last quarter. Hedge funds and other institutional investors own 81.87% of the company’s stock.
SHAK has been the subject of several recent research reports. Wedbush reaffirmed an “outperform” rating and issued a $40.00 price objective (down previously from $43.00) on shares of Shake Shack in a research note on Sunday, July 30th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Shake Shack in a research note on Thursday, October 12th. Cowen and Company upped their price objective on Shake Shack from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Thursday, November 2nd. BidaskClub raised Shake Shack from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Finally, Zacks Investment Research downgraded Shake Shack from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $37.33.
About Shake Shack
Shake Shack Inc operates roadside burger stands. The Company serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. The Company’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard.
Receive News & Ratings for Shake Shack Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shake Shack Inc. and related companies with MarketBeat.com's FREE daily email newsletter.