Shake Shack Inc (SHAK) CEO Sells $491,040.00 in Stock

Shake Shack Inc (NYSE:SHAK) CEO Randall J. Garutti sold 11,000 shares of the firm’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $44.64, for a total value of $491,040.00. Following the transaction, the chief executive officer now directly owns 21,961 shares of the company’s stock, valued at $980,339.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Shake Shack Inc (NYSE:SHAK) opened at $43.15 on Friday. Shake Shack Inc has a 1 year low of $30.12 and a 1 year high of $47.39. The stock has a market cap of $1,580.00 and a PE ratio of 69.60.

Shake Shack (NYSE:SHAK) last posted its earnings results on Wednesday, November 1st. The company reported $0.17 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $94.60 million during the quarter, compared to analyst estimates of $94.17 million. During the same period in the prior year, the business posted $0.15 earnings per share. Shake Shack’s revenue for the quarter was up 26.8% on a year-over-year basis. analysts forecast that Shake Shack Inc will post 0.52 EPS for the current fiscal year.

A number of analysts recently commented on SHAK shares. SunTrust Banks reaffirmed a “buy” rating and issued a $50.00 target price on shares of Shake Shack in a research report on Friday, November 3rd. Cowen boosted their target price on Shake Shack from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, November 2nd. Jefferies Group downgraded Shake Shack from a “hold” rating to an “underperform” rating and set a $36.00 price target for the company. in a research note on Friday, December 22nd. Wedbush downgraded Shake Shack from an “outperform” rating to a “neutral” rating and cut their price target for the company from $40.00 to $36.00 in a research note on Tuesday, September 26th. Finally, BidaskClub upgraded Shake Shack from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $37.76.

Several large investors have recently bought and sold shares of the company. Neuberger Berman Group LLC grew its holdings in shares of Shake Shack by 8.5% during the third quarter. Neuberger Berman Group LLC now owns 72,800 shares of the company’s stock valued at $2,419,000 after buying an additional 5,700 shares during the last quarter. Sylebra HK Co Ltd boosted its stake in shares of Shake Shack by 2.6% during the 3rd quarter. Sylebra HK Co Ltd now owns 1,001,849 shares of the company’s stock worth $33,291,000 after acquiring an additional 25,546 shares during the last quarter. OxFORD Asset Management LLP purchased a new position in shares of Shake Shack during the 3rd quarter worth $1,423,000. Commerzbank Aktiengesellschaft FI purchased a new position in shares of Shake Shack during the 3rd quarter worth $414,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Shake Shack by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 102,486 shares of the company’s stock valued at $3,406,000 after purchasing an additional 1,324 shares during the period. Hedge funds and other institutional investors own 83.16% of the company’s stock.

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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.

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

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