Shake Shack Inc (NYSE:SHAK) Director Jeffrey Flug sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $42.36, for a total transaction of $1,059,000.00. Following the transaction, the director now directly owns 4,415 shares in the company, valued at approximately $187,019.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

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  • On Wednesday, March 7th, Jeffrey Flug sold 15,904 shares of Shake Shack stock. The shares were sold at an average price of $41.31, for a total transaction of $656,994.24.
  • On Monday, March 5th, Jeffrey Flug sold 40,000 shares of Shake Shack stock. The shares were sold at an average price of $40.32, for a total transaction of $1,612,800.00.
  • On Friday, March 2nd, Jeffrey Flug sold 62,720 shares of Shake Shack stock. The shares were sold at an average price of $39.12, for a total transaction of $2,453,606.40.
  • On Wednesday, February 28th, Jeffrey Flug sold 41,376 shares of Shake Shack stock. The shares were sold at an average price of $39.14, for a total transaction of $1,619,456.64.

Shake Shack Inc (SHAK) opened at $42.17 on Wednesday. Shake Shack Inc has a 52-week low of $30.12 and a 52-week high of $47.39. The company has a market cap of $1,550.00, a P/E ratio of 89.72, a P/E/G ratio of 4.12 and a beta of 1.41.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.06 by $0.04. Shake Shack had a negative net margin of 0.63% and a positive return on equity of 9.47%. The firm had revenue of $96.14 million during the quarter, compared to analyst estimates of $92.80 million. During the same quarter in the prior year, the business posted $0.09 earnings per share. Shake Shack’s revenue for the quarter was up 31.2% compared to the same quarter last year. research analysts predict that Shake Shack Inc will post 0.46 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Elkfork Partners LLC acquired a new stake in shares of Shake Shack in the fourth quarter worth $123,000. Rehmann Capital Advisory Group acquired a new stake in shares of Shake Shack in the fourth quarter worth $273,000. Millennium Management LLC acquired a new stake in shares of Shake Shack in the fourth quarter worth $228,000. Sciencast Management LP acquired a new stake in shares of Shake Shack in the fourth quarter worth $227,000. Finally, Two Sigma Investments LP increased its position in shares of Shake Shack by 1,596.8% in the fourth quarter. Two Sigma Investments LP now owns 79,751 shares of the company’s stock worth $3,445,000 after acquiring an additional 75,051 shares in the last quarter. 82.11% of the stock is owned by institutional investors.

SHAK has been the topic of several recent analyst reports. Morgan Stanley raised shares of Shake Shack from an “underweight” rating to an “equal weight” rating and reduced their price objective for the company from $43.04 to $34.00 in a research note on Thursday, December 7th. Barclays reaffirmed an “equal weight” rating and set a $49.00 price target (up previously from $36.00) on shares of Shake Shack in a research report on Tuesday, January 16th. Cowen upped their price target on shares of Shake Shack from $36.00 to $42.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 19th. BidaskClub raised shares of Shake Shack from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 14th. Finally, Jefferies Group lowered shares of Shake Shack from a “hold” rating to an “underperform” rating and set a $36.00 price target for the company. in a research report on Saturday, December 30th. Two analysts have rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $39.73.

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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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