Shake Shack Inc. (NYSE:SHAK) CFO Sells $33,361.53 in Stock

Shake Shack Inc. (NYSE:SHAK) CFO Katherine Irene Fogertey sold 321 shares of Shake Shack stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $103.93, for a total value of $33,361.53. Following the sale, the chief financial officer now owns 36,180 shares in the company, valued at $3,760,187.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, September 4th, Katherine Irene Fogertey sold 321 shares of Shake Shack stock. The stock was sold at an average price of $98.57, for a total value of $31,640.97.
• On Monday, August 5th, Katherine Irene Fogertey sold 321 shares of Shake Shack stock. The stock was sold at an average price of $95.10, for a total value of $30,527.10.
• On Friday, August 2nd, Katherine Irene Fogertey sold 963 shares of Shake Shack stock. The stock was sold at an average price of $96.03, for a total value of $92,476.89.

Shake Shack Trading Up 5.2 %

NYSE:SHAK opened at $110.02 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.06 and a quick ratio of 2.03. Shake Shack Inc. has a 12-month low of $52.79 and a 12-month high of $111.29. The business has a 50 day simple moving average of $101.69 and a 200 day simple moving average of $97.49. The firm has a market capitalization of $4.67 billion, a P/E ratio of 200.04, a P/E/G ratio of 3.14 and a beta of 1.83.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. Shake Shack had a return on equity of 5.63% and a net margin of 2.23%. The company had revenue of $316.50 million during the quarter, compared to analyst estimates of $314.37 million. During the same quarter in the previous year, the firm posted $0.18 EPS. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. Equities research analysts predict that Shake Shack Inc. will post 0.73 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on SHAK. Robert W. Baird lifted their price objective on Shake Shack from $93.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Bank of America boosted their price target on Shake Shack from $104.00 to $116.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Wedbush reiterated a “neutral” rating and issued a $90.00 price target on shares of Shake Shack in a report on Thursday, August 1st. Capital One Financial began coverage on Shake Shack in a report on Monday, July 29th. They issued an “overweight” rating and a $95.00 price target for the company. Finally, Piper Sandler downgraded Shake Shack from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $121.00 to $114.00 in a report on Monday, August 19th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $107.39.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new position in Shake Shack during the 1st quarter worth $25,000. Quest Partners LLC acquired a new stake in shares of Shake Shack in the second quarter valued at $38,000. Kimelman & Baird LLC acquired a new stake in shares of Shake Shack in the second quarter valued at $45,000. Covestor Ltd lifted its holdings in shares of Shake Shack by 32,150.0% in the first quarter. Covestor Ltd now owns 645 shares of the company’s stock valued at $67,000 after buying an additional 643 shares during the period. Finally, CWM LLC lifted its holdings in shares of Shake Shack by 24.7% in the second quarter. CWM LLC now owns 1,046 shares of the company’s stock valued at $94,000 after buying an additional 207 shares during the period. Institutional investors and hedge funds own 86.07% of the company’s stock.

About Shake Shack

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.