Insider Selling: Shake Shack Inc. (NYSE:SHAK) CFO Sells 642 Shares of Stock

Shake Shack Inc. (NYSE:SHAK) CFO Katherine Irene Fogertey sold 642 shares of Shake Shack stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total transaction of $88,281.42. Following the completion of the sale, the chief financial officer now directly owns 30,717 shares of the company’s stock, valued at approximately $4,223,894.67. The trade was a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Katherine Irene Fogertey also recently made the following trade(s):

• On Wednesday, October 2nd, Katherine Irene Fogertey sold 321 shares of Shake Shack stock. The shares were sold at an average price of $103.93, for a total transaction of $33,361.53.

Shake Shack Price Performance

NYSE:SHAK traded down $3.22 during mid-day trading on Friday, hitting $131.62. 533,280 shares of the stock traded hands, compared to its average volume of 926,990. Shake Shack Inc. has a 12-month low of $64.16 and a 12-month high of $139.89. The company has a quick ratio of 1.98, a current ratio of 2.01 and a debt-to-equity ratio of 0.51. The company has a market cap of $5.59 billion, a PE ratio of 793.18, a price-to-earnings-growth ratio of 2.97 and a beta of 1.85. The business’s 50-day moving average price is $121.98 and its 200 day moving average price is $104.58.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. The company had revenue of $316.92 million for the quarter, compared to the consensus estimate of $316.03 million. During the same quarter last year, the business posted $0.17 earnings per share. The firm’s revenue was up 14.7% compared to the same quarter last year. On average, analysts expect that Shake Shack Inc. will post 0.82 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. restated an “underweight” rating and set a $102.00 price target (down from $105.00) on shares of Shake Shack in a report on Tuesday, September 24th. Truist Financial increased their price target on Shake Shack from $127.00 to $144.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barclays boosted their price objective on Shake Shack from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. TD Cowen reaffirmed a “buy” rating and set a $125.00 target price on shares of Shake Shack in a research report on Wednesday, September 18th. Finally, Bank of America lifted their target price on Shake Shack from $104.00 to $116.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $112.94.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SHAK. World Investment Advisors LLC purchased a new position in Shake Shack in the 3rd quarter worth approximately $249,000. Neo Ivy Capital Management purchased a new position in Shake Shack in the third quarter worth $142,000. Geode Capital Management LLC boosted its holdings in shares of Shake Shack by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 876,380 shares of the company’s stock worth $90,470,000 after purchasing an additional 26,620 shares in the last quarter. State Street Corp boosted its stake in Shake Shack by 3.5% in the third quarter. State Street Corp now owns 1,452,736 shares of the company’s stock worth $149,937,000 after buying an additional 49,324 shares in the last quarter. Finally, Point72 DIFC Ltd grew its holdings in shares of Shake Shack by 20.0% during the 3rd quarter. Point72 DIFC Ltd now owns 6,906 shares of the company’s stock valued at $713,000 after purchasing an additional 1,153 shares during the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Shake Shack Company Profile

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. The company was founded in 2001 and is headquartered in New York, New York.