Shake Shack Inc (NYSE:SHAK) COO Zach Koff sold 3,000 shares of the stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $40.98, for a total value of $122,940.00. Following the sale, the chief operating officer now owns 6,978 shares in the company, valued at $285,958.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shake Shack Inc (NYSE SHAK) traded down $0.54 on Wednesday, reaching $41.63. The company had a trading volume of 556,116 shares, compared to its average volume of 971,244. The firm has a market capitalization of $1,562.37, a PE ratio of -520.31, a price-to-earnings-growth ratio of 4.13 and a beta of 1.41. Shake Shack Inc has a 52-week low of $30.12 and a 52-week high of $47.39.
Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04. Shake Shack had a positive return on equity of 9.47% and a negative net margin of 0.63%. The firm had revenue of $96.14 million during the quarter, compared to analysts’ expectations of $92.80 million. During the same quarter last year, the firm earned $0.09 earnings per share. The business’s revenue for the quarter was up 31.2% on a year-over-year basis. equities analysts anticipate that Shake Shack Inc will post 0.46 earnings per share for the current year.
Several equities analysts have recently issued reports on SHAK shares. Jefferies Group cut Shake Shack from a “hold” rating to an “underperform” rating and set a $36.00 price target on the stock. in a research report on Friday, December 22nd. Cowen lifted their price target on Shake Shack from $36.00 to $42.00 and gave the company a “market perform” rating in a research report on Tuesday, December 19th. Barclays reiterated an “equal weight” rating and set a $49.00 price target (up from $36.00) on shares of Shake Shack in a research report on Tuesday, January 16th. Morgan Stanley raised Shake Shack from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $43.04 to $34.00 in a research note on Thursday, December 7th. Finally, Wedbush reissued a “hold” rating and set a $38.00 price objective on shares of Shake Shack in a research note on Friday, February 16th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Shake Shack presently has a consensus rating of “Hold” and an average price target of $39.73.
A number of hedge funds and other institutional investors have recently bought and sold shares of SHAK. Elkfork Partners LLC bought a new position in Shake Shack during the fourth quarter valued at about $123,000. Cipher Capital LP bought a new position in Shake Shack during the third quarter valued at about $211,000. Sciencast Management LP bought a new position in shares of Shake Shack in the fourth quarter worth about $227,000. Millennium Management LLC bought a new position in shares of Shake Shack in the fourth quarter worth about $228,000. Finally, Municipal Employees Retirement System of Michigan increased its stake in shares of Shake Shack by 58.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,960 shares of the company’s stock worth $231,000 after purchasing an additional 2,580 shares during the period. Institutional investors own 82.11% of the company’s stock.
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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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