Insider Selling: Shake Shack (NYSE:SHAK) Insider Sells $26,370.18 in Stock

Shake Shack, Inc. (NYSE:SHAK) insider Stephanie Ann Sentell sold 258 shares of Shake Shack stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $102.21, for a total transaction of $26,370.18. Following the completion of the transaction, the insider directly owned 15,084 shares in the company, valued at approximately $1,541,735.64. This represents a 1.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, January 20th, Stephanie Ann Sentell sold 200 shares of Shake Shack stock. The stock was sold at an average price of $99.19, for a total transaction of $19,838.00.

Shake Shack Trading Down 0.1%

Shares of SHAK stock opened at $103.62 on Monday. Shake Shack, Inc. has a 1 year low of $76.51 and a 1 year high of $144.65. The firm’s fifty day simple moving average is $92.80 and its 200 day simple moving average is $90.58. The firm has a market capitalization of $4.42 billion, a P/E ratio of 95.06, a price-to-earnings-growth ratio of 4.06 and a beta of 1.75. The company has a current ratio of 1.76, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45.

Shake Shack (NYSE:SHAK) last announced its earnings results on Thursday, February 26th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Shake Shack had a net margin of 3.16% and a return on equity of 11.08%. The business had revenue of $400.53 million for the quarter, compared to analyst estimates of $402.06 million. During the same quarter in the previous year, the firm posted $0.26 earnings per share. Shake Shack’s revenue was up 21.8% compared to the same quarter last year. As a group, sell-side analysts predict that Shake Shack, Inc. will post 1.26 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SHAK shares. Bank of America raised shares of Shake Shack from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $88.00 to $101.00 in a research report on Tuesday, March 31st. Zacks Research raised shares of Shake Shack from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Wells Fargo & Company boosted their target price on shares of Shake Shack from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Friday, February 27th. Truist Financial boosted their target price on shares of Shake Shack from $144.00 to $148.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $117.00 target price on shares of Shake Shack in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, Shake Shack presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.22.

Institutional Investors Weigh In On Shake Shack

Several institutional investors and hedge funds have recently bought and sold shares of SHAK. Hilton Head Capital Partners LLC bought a new stake in Shake Shack in the 4th quarter valued at $25,000. Geneos Wealth Management Inc. bought a new stake in Shake Shack in the 1st quarter valued at $26,000. Assetmark Inc. increased its holdings in Shake Shack by 457.6% in the 4th quarter. Assetmark Inc. now owns 368 shares of the company’s stock valued at $30,000 after buying an additional 302 shares during the period. Global Retirement Partners LLC increased its holdings in Shake Shack by 83.7% in the 3rd quarter. Global Retirement Partners LLC now owns 327 shares of the company’s stock valued at $31,000 after buying an additional 149 shares during the period. Finally, UMB Bank n.a. increased its holdings in Shake Shack by 42.2% in the 4th quarter. UMB Bank n.a. now owns 391 shares of the company’s stock valued at $32,000 after buying an additional 116 shares during the period. Institutional investors own 86.07% of the company’s stock.

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.