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

Shake Shack, Inc. (NYSE:SHAK) insider Stephanie Ann Sentell sold 200 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $85.78, for a total transaction of $17,156.00. Following the sale, the insider owned 9,707 shares in the company, valued at $832,666.46. The trade was a 2.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

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

Shake Shack Stock Performance

Shares of Shake Shack stock opened at $83.39 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 1.81 and a debt-to-equity ratio of 0.46. The company has a market cap of $3.56 billion, a PE ratio of 81.76, a price-to-earnings-growth ratio of 2.24 and a beta of 1.67. The company has a 50 day moving average of $88.04 and a 200-day moving average of $106.03. Shake Shack, Inc. has a 1-year low of $72.93 and a 1-year high of $144.65.

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

Analyst Ratings Changes

Several research analysts have commented on SHAK shares. Loop Capital raised Shake Shack from a “hold” rating to a “buy” rating and boosted their target price for the stock from $98.00 to $127.00 in a research note on Friday, November 14th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Shake Shack in a report on Tuesday, November 25th. JPMorgan Chase & Co. raised shares of Shake Shack from an “underweight” rating to a “neutral” rating and dropped their price objective for the company from $95.00 to $90.00 in a research note on Thursday, December 18th. Truist Financial cut their target price on shares of Shake Shack from $162.00 to $156.00 and set a “buy” rating on the stock in a research report on Monday, September 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Shake Shack in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $119.10.

Hedge Funds Weigh In On Shake Shack

Several institutional investors and hedge funds have recently added to or reduced their stakes in SHAK. Geneos Wealth Management Inc. acquired a new position in shares of Shake Shack during the first quarter worth $26,000. Ameritas Advisory Services LLC bought a new position in Shake Shack during the 2nd quarter worth $31,000. Global Retirement Partners LLC lifted its holdings in Shake Shack by 83.7% during the 3rd quarter. Global Retirement Partners LLC now owns 327 shares of the company’s stock worth $31,000 after buying an additional 149 shares during the period. Parallel Advisors LLC lifted its holdings in Shake Shack by 679.4% during the 2nd quarter. Parallel Advisors LLC now owns 265 shares of the company’s stock worth $37,000 after buying an additional 231 shares during the period. Finally, Murphy & Mullick Capital Management Corp grew its position in shares of Shake Shack by 68.5% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 418 shares of the company’s stock valued at $38,000 after buying an additional 170 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Shake Shack Company Profile

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.