Shake Shack, Inc. (NYSE:SHAK) SVP Peggy Rubenzer sold 5,400 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $37.90, for a total transaction of $204,660.00. Following the sale, the senior vice president now directly owns 22,815 shares in the company, valued at $864,688.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Shake Shack, Inc. (NYSE:SHAK) traded down $0.03 during trading hours on Thursday, hitting $37.68. 528,767 shares of the stock traded hands, compared to its average volume of 719,810. Shake Shack, Inc. has a 52-week low of $30.12 and a 52-week high of $39.70. The company has a market cap of $1,395.70, a PE ratio of 67.86, a PEG ratio of 3.29 and a beta of 1.39.
Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Shake Shack had a net margin of 4.78% and a return on equity of 9.42%. The firm had revenue of $94.60 million for the quarter, compared to analysts’ expectations of $94.17 million. During the same quarter in the prior year, the business earned $0.15 EPS. The business’s quarterly revenue was up 26.8% on a year-over-year basis. sell-side analysts anticipate that Shake Shack, Inc. will post 0.52 earnings per share for the current year.
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Several large investors have recently modified their holdings of SHAK. Prudential Financial Inc. bought a new position in shares of Shake Shack in the 1st quarter worth approximately $1,087,000. American International Group Inc. raised its stake in Shake Shack by 7.1% during the 1st quarter. American International Group Inc. now owns 9,667 shares of the company’s stock worth $323,000 after acquiring an additional 637 shares during the period. OppenheimerFunds Inc. bought a new stake in Shake Shack during the 1st quarter worth approximately $384,000. Teachers Advisors LLC raised its stake in Shake Shack by 2.6% during the 1st quarter. Teachers Advisors LLC now owns 26,671 shares of the company’s stock worth $891,000 after acquiring an additional 688 shares during the period. Finally, Legal & General Group Plc raised its stake in Shake Shack by 624.3% during the 1st quarter. Legal & General Group Plc now owns 30,045 shares of the company’s stock worth $1,004,000 after acquiring an additional 25,897 shares during the period. Hedge funds and other institutional investors own 81.87% of the company’s stock.
A number of analysts have recently issued reports on SHAK shares. BidaskClub raised shares of Shake Shack from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Wedbush reaffirmed a “buy” rating on shares of Shake Shack in a report on Thursday, August 17th. Morgan Stanley raised their price target on shares of Shake Shack from $32.00 to $34.00 and gave the company an “equal weight” rating in a report on Thursday, November 2nd. Cowen and Company raised their price target on shares of Shake Shack from $35.00 to $36.00 and gave the company a “market perform” rating in a report on Thursday, November 2nd. Finally, Barclays PLC raised their price target on shares of Shake Shack from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Shake Shack currently has an average rating of “Hold” and a consensus target price of $37.33.
Shake Shack Company Profile
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.
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