Shake Shack Inc. (NYSE:SHAK) Director Jeffrey Flug sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $34.51, for a total value of $862,750.00. Following the completion of the sale, the director now owns 33,240 shares in the company, valued at approximately $1,147,112.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Jeffrey Flug also recently made the following trade(s):

  • On Thursday, September 8th, Jeffrey Flug sold 59,521 shares of Shake Shack stock. The stock was sold at an average price of $36.24, for a total value of $2,157,041.04.
  • On Wednesday, August 24th, Jeffrey Flug sold 42,393 shares of Shake Shack stock. The stock was sold at an average price of $36.23, for a total value of $1,535,898.39.
  • On Monday, August 15th, Jeffrey Flug sold 15,772 shares of Shake Shack stock. The stock was sold at an average price of $37.92, for a total value of $598,074.24.
  • On Wednesday, July 20th, Jeffrey Flug sold 5,000 shares of Shake Shack stock. The stock was sold at an average price of $40.01, for a total value of $200,050.00.

Shake Shack Inc. (NYSE:SHAK) opened at 34.10 on Wednesday. The firm’s 50 day moving average price is $36.54 and its 200-day moving average price is $36.57. Shake Shack Inc. has a 52 week low of $30.00 and a 52 week high of $53.50. The stock has a market cap of $816.80 million, a price-to-earnings ratio of 84.20 and a beta of 1.15.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. Shake Shack had a net margin of 3.35% and a return on equity of 8.09%. The business had revenue of $66.50 million for the quarter, compared to analyst estimates of $63.07 million. During the same quarter last year, the business earned $0.09 earnings per share. The business’s revenue for the quarter was up 37.1% on a year-over-year basis. Analysts expect that Shake Shack Inc. will post $0.45 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services Inc raised its position in Shake Shack by 46.7% in the first quarter. Commonwealth Equity Services Inc now owns 20,767 shares of the company’s stock worth $775,000 after buying an additional 6,609 shares in the last quarter. Apertura Capital LLC bought a new position in Shake Shack during the first quarter worth approximately $1,866,000. BlackRock Group LTD raised its position in Shake Shack by 5.9% in the first quarter. BlackRock Group LTD now owns 5,602 shares of the company’s stock worth $208,000 after buying an additional 312 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Shake Shack by 2.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 143,948 shares of the company’s stock worth $5,372,000 after buying an additional 3,544 shares in the last quarter. Finally, Cupps Capital Management LLC raised its position in Shake Shack by 75.9% in the first quarter. Cupps Capital Management LLC now owns 31,260 shares of the company’s stock worth $1,166,000 after buying an additional 13,490 shares in the last quarter. Institutional investors and hedge funds own 93.41% of the company’s stock.

SHAK has been the topic of a number of research reports. Zacks Investment Research cut Shake Shack from a “buy” rating to a “hold” rating in a report on Friday, July 29th. SunTrust Banks Inc. upgraded Shake Shack from a “neutral” rating to a “buy” rating and upped their price target for the stock from $40.87 to $48.00 in a report on Thursday, August 11th. Vetr upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $41.22 price target on the stock in a report on Tuesday, May 31st. Buckingham Research restated a “buy” rating and issued a $45.00 price target on shares of Shake Shack in a report on Friday, September 16th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $40.00 target price on shares of Shake Shack in a research note on Friday, May 27th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $40.56.

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 has approximately 84 Shacks in over 10 countries and approximately 45 cities. 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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