Shake Shack Inc. (NYSE:SHAK) Director Jeffrey Flug Sells 152 Shares of Stock

Shake Shack Inc. (NYSE:SHAKGet Free Report) Director Jeffrey Flug sold 152 shares of the company’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $85.26, for a total transaction of $12,959.52. Following the transaction, the director now owns 3,803 shares of the company’s stock, valued at $324,243.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shake Shack Price Performance

Shares of NYSE SHAK opened at $84.73 on Wednesday. The stock’s 50-day simple moving average is $94.72 and its 200-day simple moving average is $91.52. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.99 and a current ratio of 2.03. The firm has a market capitalization of $3.58 billion, a PE ratio of 154.06, a price-to-earnings-growth ratio of 3.43 and a beta of 1.75. Shake Shack Inc. has a fifty-two week low of $52.79 and a fifty-two week high of $111.29.

Shake Shack (NYSE:SHAKGet Free Report) last posted its earnings results on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Shake Shack had a net margin of 2.08% and a return on equity of 4.86%. The firm had revenue of $290.50 million for the quarter, compared to the consensus estimate of $291.00 million. During the same period last year, the firm posted ($0.01) EPS. The company’s revenue was up 14.7% on a year-over-year basis. As a group, equities research analysts forecast that Shake Shack Inc. will post 0.74 EPS for the current fiscal year.

Hedge Funds Weigh In On Shake Shack

A number of hedge funds have recently modified their holdings of SHAK. Public Employees Retirement System of Ohio purchased a new position in Shake Shack during the 3rd quarter worth $1,700,000. Madison Asset Management LLC increased its position in Shake Shack by 52.6% in the 4th quarter. Madison Asset Management LLC now owns 84,062 shares of the company’s stock valued at $6,231,000 after acquiring an additional 28,975 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in Shake Shack by 60.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 77,901 shares of the company’s stock worth $5,774,000 after acquiring an additional 29,431 shares during the period. Lisanti Capital Growth LLC purchased a new position in shares of Shake Shack in the 4th quarter valued at approximately $2,784,000. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Shake Shack by 190.4% in the first quarter. Los Angeles Capital Management LLC now owns 16,532 shares of the company’s stock valued at $1,720,000 after purchasing an additional 10,840 shares during the period. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. BTIG Research increased their price objective on Shake Shack from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, May 6th. The Goldman Sachs Group started coverage on Shake Shack in a report on Thursday, June 13th. They issued a “buy” rating and a $110.00 price target for the company. Wedbush upped their price objective on shares of Shake Shack from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Morgan Stanley upped their price target on Shake Shack from $88.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. Finally, UBS Group raised their price objective on Shake Shack from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $99.22.

View Our Latest Research Report on SHAK

About Shake Shack

(Get Free Report)

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.

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