Shake Shack (NYSE:SHAK) Insider Stephanie Ann Sentell Sells 200 Shares

Shake Shack, Inc. (NYSE:SHAK) insider Stephanie Ann Sentell sold 200 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $99.19, for a total value of $19,838.00. Following the completion of the sale, the insider owned 9,507 shares of the company’s stock, valued at approximately $942,999.33. This trade represents a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Stephanie Ann Sentell also recently made the following trade(s):

• On Friday, December 19th, Stephanie Ann Sentell sold 200 shares of Shake Shack stock. The shares were sold at an average price of $85.78, for a total transaction of $17,156.00.
• On Tuesday, November 25th, Stephanie Ann Sentell sold 1,100 shares of Shake Shack stock. The stock was sold at an average price of $85.14, for a total transaction of $93,654.00.

Shake Shack Stock Performance

NYSE:SHAK traded down $2.41 during midday trading on Thursday, reaching $92.40. The stock had a trading volume of 1,210,881 shares, compared to its average volume of 1,689,942. The stock has a market capitalization of $3.94 billion, a P/E ratio of 90.59, a PEG ratio of 2.43 and a beta of 1.68. Shake Shack, Inc. has a 1-year low of $72.93 and a 1-year high of $144.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.84 and a quick ratio of 1.81. The firm’s fifty day simple moving average is $86.79 and its 200-day simple moving average is $99.67.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, October 30th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. The firm had revenue of $367.41 million during the quarter, compared to analyst estimates of $363.69 million. Shake Shack had a net margin of 3.10% and a return on equity of 10.43%. The business’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 EPS. On average, equities research analysts forecast that Shake Shack, Inc. will post 1.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Shake Shack

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Holocene Advisors LP bought a new position in shares of Shake Shack in the second quarter valued at approximately $115,432,000. Wellington Management Group LLP increased its holdings in Shake Shack by 21.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,590,911 shares of the company’s stock valued at $242,535,000 after purchasing an additional 450,406 shares in the last quarter. Marshall Wace LLP raised its position in Shake Shack by 285.2% in the 3rd quarter. Marshall Wace LLP now owns 586,999 shares of the company’s stock valued at $54,949,000 after purchasing an additional 434,625 shares during the last quarter. Jennison Associates LLC boosted its stake in Shake Shack by 57.1% in the second quarter. Jennison Associates LLC now owns 593,971 shares of the company’s stock worth $83,512,000 after purchasing an additional 215,984 shares in the last quarter. Finally, 12 West Capital Management LP grew its holdings in shares of Shake Shack by 13.6% during the third quarter. 12 West Capital Management LP now owns 1,753,595 shares of the company’s stock worth $164,154,000 after purchasing an additional 210,000 shares during the last quarter. 86.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on SHAK. Barclays dropped their price target on Shake Shack from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. Loop Capital upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and raised their price objective for the stock from $98.00 to $127.00 in a research note on Friday, November 14th. Bank of America reiterated an “underperform” rating and set a $86.00 target price (down from $148.00) on shares of Shake Shack in a research note on Monday, October 6th. Morgan Stanley upgraded shares of Shake Shack from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $115.00 to $125.00 in a research report on Tuesday. Finally, JPMorgan Chase & Co. upgraded shares of Shake Shack from an “underweight” rating to a “neutral” rating and dropped their price objective for the stock from $95.00 to $90.00 in a report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $116.52.

About Shake Shack

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.