Shake Shack Inc. (NYSE:SHAK) insider Equity Group L.P. Select sold 36,000 shares of the stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $34.26, for a total transaction of $1,233,360.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Equity Group L.P. Select also recently made the following trade(s):

  • On Friday, September 9th, Equity Group L.P. Select sold 76,866 shares of Shake Shack stock. The shares were sold at an average price of $36.17, for a total transaction of $2,780,243.22.
  • On Tuesday, September 6th, Equity Group L.P. Select sold 108,530 shares of Shake Shack stock. The shares were sold at an average price of $35.73, for a total transaction of $3,877,776.90.
  • On Wednesday, August 31st, Equity Group L.P. Select sold 26,120 shares of Shake Shack stock. The shares were sold at an average price of $35.22, for a total transaction of $919,946.40.
  • On Tuesday, August 30th, Equity Group L.P. Select sold 29,023 shares of Shake Shack stock. The shares were sold at an average price of $35.50, for a total transaction of $1,030,316.50.
  • On Monday, August 29th, Equity Group L.P. Select sold 27,659 shares of Shake Shack stock. The shares were sold at an average price of $35.23, for a total transaction of $974,426.57.
  • On Friday, August 26th, Equity Group L.P. Select sold 82,363 shares of Shake Shack stock. The shares were sold at an average price of $36.01, for a total transaction of $2,965,891.63.
  • On Tuesday, August 23rd, Equity Group L.P. Select sold 33,830 shares of Shake Shack stock. The shares were sold at an average price of $36.01, for a total transaction of $1,218,218.30.
  • On Monday, August 22nd, Equity Group L.P. Select sold 27,130 shares of Shake Shack stock. The shares were sold at an average price of $35.68, for a total transaction of $967,998.40.
  • On Thursday, August 18th, Equity Group L.P. Select sold 41,010 shares of Shake Shack stock. The shares were sold at an average price of $35.91, for a total transaction of $1,472,669.10.
  • On Tuesday, August 16th, Equity Group L.P. Select sold 160,217 shares of Shake Shack stock. The shares were sold at an average price of $37.76, for a total transaction of $6,049,793.92.

Shake Shack Inc. (NYSE:SHAK) opened at 34.10 on Wednesday. The company has a market capitalization of $816.80 million, a price-to-earnings ratio of 84.20 and a beta of 1.15. The firm has a 50-day moving average of $36.54 and a 200 day moving average of $36.57. Shake Shack Inc. has a 12-month low of $30.00 and a 12-month high of $53.50.

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

Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Shake Shack from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Vetr lowered shares of Shake Shack from a “buy” rating to a “hold” rating and set a $37.50 price objective on the stock. in a research report on Wednesday, July 6th. Buckingham Research reaffirmed a “buy” rating and set a $45.00 price target on shares of Shake Shack in a research report on Saturday, August 13th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $38.00 price target (up from $35.00) on shares of Shake Shack in a research report on Thursday, August 11th. Finally, SunTrust Banks Inc. initiated coverage on shares of Shake Shack in a research report on Wednesday, June 1st. They set a “neutral” rating on the stock. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Shake Shack has a consensus rating of “Hold” and a consensus price target of $40.56.

Several institutional investors have recently modified their holdings of the company. UBS Asset Management Americas Inc. increased its position in shares of Shake Shack by 5.3% in the second quarter. UBS Asset Management Americas Inc. now owns 6,000 shares of the company’s stock worth $219,000 after buying an additional 300 shares during the period. BlackRock Group LTD increased its position in shares of 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 during the period. Geode Capital Management LLC increased its position in shares of Shake Shack by 1.4% in the first quarter. Geode Capital Management LLC now owns 33,875 shares of the company’s stock worth $1,264,000 after buying an additional 472 shares during the period. Numeric Investors LLC increased its position in shares of Shake Shack by 0.6% in the second quarter. Numeric Investors LLC now owns 94,268 shares of the company’s stock worth $3,434,000 after buying an additional 600 shares during the period. Finally, BlackRock Advisors LLC increased its position in shares of Shake Shack by 121.1% in the second quarter. BlackRock Advisors LLC now owns 6,245 shares of the company’s stock worth $228,000 after buying an additional 3,420 shares during the period. 93.41% of the stock is currently owned by institutional investors.

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 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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