Insider Selling: Shake Shack Inc. (NYSE:SHAK) CFO Sells 642 Shares of Stock

Shake Shack Inc. (NYSE:SHAK) CFO Katherine Irene Fogertey sold 642 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total transaction of $88,281.42. Following the sale, the chief financial officer now directly owns 30,717 shares in the company, valued at $4,223,894.67. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, October 2nd, Katherine Irene Fogertey sold 321 shares of Shake Shack stock. The stock was sold at an average price of $103.93, for a total transaction of $33,361.53.

Shake Shack Stock Down 2.4 %

NYSE:SHAK opened at $131.59 on Friday. Shake Shack Inc. has a 1 year low of $64.16 and a 1 year high of $139.89. The stock has a 50-day moving average price of $122.41 and a two-hundred day moving average price of $104.88. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 774.06, a PEG ratio of 2.97 and a beta of 1.85. The company has a current ratio of 2.01, a quick ratio of 1.98 and a debt-to-equity ratio of 0.51.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. The business had revenue of $316.92 million during the quarter, compared to analyst estimates of $316.03 million. During the same period in the previous year, the firm earned $0.17 EPS. Shake Shack’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, equities analysts expect that Shake Shack Inc. will post 0.82 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Xponance Inc. lifted its position in Shake Shack by 4.5% in the 2nd quarter. Xponance Inc. now owns 2,395 shares of the company’s stock valued at $216,000 after acquiring an additional 103 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Shake Shack by 0.4% in the third quarter. Thrivent Financial for Lutherans now owns 31,398 shares of the company’s stock valued at $3,241,000 after purchasing an additional 139 shares in the last quarter. Brighton Jones LLC boosted its position in shares of Shake Shack by 1.1% during the second quarter. Brighton Jones LLC now owns 17,909 shares of the company’s stock worth $1,612,000 after buying an additional 187 shares during the period. Arizona State Retirement System boosted its position in shares of Shake Shack by 1.9% during the second quarter. Arizona State Retirement System now owns 10,500 shares of the company’s stock worth $945,000 after buying an additional 196 shares during the period. Finally, Glenmede Trust Co. NA grew its holdings in shares of Shake Shack by 1.5% during the third quarter. Glenmede Trust Co. NA now owns 13,293 shares of the company’s stock worth $1,372,000 after buying an additional 199 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SHAK shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $115.00 target price on shares of Shake Shack in a research note on Wednesday, August 28th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $102.00 price objective (down from $105.00) on shares of Shake Shack in a research report on Tuesday, September 24th. Oppenheimer boosted their price objective on Shake Shack from $122.00 to $135.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Bank of America raised their target price on shares of Shake Shack from $104.00 to $116.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Finally, Piper Sandler downgraded shares of Shake Shack from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $121.00 to $114.00 in a research note on Monday, August 19th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $112.94.

Shake Shack Company Profile

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.