Katherine Irene Fogertey Sells 321 Shares of Shake Shack Inc. (NYSE:SHAK) Stock

Shake Shack Inc. (NYSE:SHAK) CFO Katherine Irene Fogertey sold 321 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $95.10, for a total value of $30,527.10. Following the sale, the chief financial officer now owns 37,143 shares in the company, valued at $3,532,299.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, August 2nd, Katherine Irene Fogertey sold 963 shares of Shake Shack stock. The shares were sold at an average price of $96.03, for a total value of $92,476.89.

Shake Shack Stock Performance

Shares of SHAK stock opened at $101.35 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.99 and a current ratio of 2.06. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 184.27, a price-to-earnings-growth ratio of 2.58 and a beta of 1.75. Shake Shack Inc. has a one year low of $52.79 and a one year high of $111.29. The company has a 50 day moving average price of $89.05 and a 200 day moving average price of $93.90.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. Shake Shack had a return on equity of 5.63% and a net margin of 2.23%. The business had revenue of $316.50 million during the quarter, compared to the consensus estimate of $314.37 million. During the same period in the prior year, the firm posted $0.18 EPS. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. Sell-side analysts anticipate that Shake Shack Inc. will post 0.76 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SHAK. Morgan Stanley dropped their target price on shares of Shake Shack from $108.00 to $100.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Barclays upped their target price on Shake Shack from $108.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. UBS Group increased their target price on Shake Shack from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Wedbush reissued a “neutral” rating and issued a $90.00 price target on shares of Shake Shack in a report on Thursday, August 1st. Finally, Capital One Financial started coverage on Shake Shack in a research note on Monday, July 29th. They set an “overweight” rating and a $95.00 price objective on the stock. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $104.83.

Institutional Investors Weigh In On Shake Shack

Institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of Shake Shack during the 1st quarter valued at about $25,000. GAMMA Investing LLC acquired a new position in shares of Shake Shack during the fourth quarter worth $32,000. Quest Partners LLC purchased a new position in shares of Shake Shack in the second quarter valued at $38,000. Covestor Ltd lifted its holdings in Shake Shack by 32,150.0% in the 1st quarter. Covestor Ltd now owns 645 shares of the company’s stock worth $67,000 after buying an additional 643 shares in the last quarter. Finally, CWM LLC increased its position in shares of Shake Shack by 24.7% during the second quarter. CWM LLC now owns 1,046 shares of the company’s stock worth $94,000 after acquiring an additional 207 shares during the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

About Shake Shack

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.