Shake Shack Inc. (NYSE:SHAK) CFO Katherine Irene Fogertey Sells 562 Shares

Shake Shack Inc. (NYSE:SHAK) CFO Katherine Irene Fogertey sold 562 shares of the firm’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $124.84, for a total transaction of $70,160.08. Following the completion of the sale, the chief financial officer now owns 35,188 shares of the company’s stock, valued at approximately $4,392,869.92. The trade was a 1.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, June 12th, Katherine Irene Fogertey sold 3,956 shares of Shake Shack stock. The shares were sold at an average price of $127.49, for a total transaction of $504,350.44.
• On Tuesday, May 13th, Katherine Irene Fogertey sold 180 shares of Shake Shack stock. The shares were sold at an average price of $115.05, for a total transaction of $20,709.00.

Shake Shack Stock Up 2.7%

SHAK stock opened at $127.08 on Tuesday. The stock has a market capitalization of $5.42 billion, a P/E ratio of 552.50 and a beta of 1.77. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.98 and a current ratio of 1.97. Shake Shack Inc. has a one year low of $72.93 and a one year high of $139.89. The company has a 50 day moving average price of $106.64 and a two-hundred day moving average price of $110.62.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The company had revenue of $320.90 million for the quarter, compared to analysts’ expectations of $330.24 million. During the same period in the prior year, the firm earned $0.13 earnings per share. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. As a group, sell-side analysts expect that Shake Shack Inc. will post 1.26 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SHAK shares. Raymond James reiterated a “strong-buy” rating and set a $140.00 price target (down from $145.00) on shares of Shake Shack in a research report on Friday, May 2nd. TD Securities reiterated a “hold” rating and set a $105.00 price target on shares of Shake Shack in a research report on Monday, May 19th. JPMorgan Chase & Co. reduced their price target on shares of Shake Shack from $105.00 to $100.00 and set an “underweight” rating for the company in a research report on Monday, May 5th. Loop Capital upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a research report on Tuesday, April 1st. Finally, The Goldman Sachs Group lifted their price objective on Shake Shack from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $115.40.

Institutional Trading of Shake Shack

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Shake Shack by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 4,426,015 shares of the company’s stock valued at $574,497,000 after acquiring an additional 49,883 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Shake Shack by 2.0% during the 1st quarter. Invesco Ltd. now owns 1,269,876 shares of the company’s stock valued at $111,965,000 after acquiring an additional 24,783 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Shake Shack by 17.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 894,286 shares of the company’s stock valued at $116,078,000 after acquiring an additional 134,475 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Shake Shack by 144.3% during the 1st quarter. Ameriprise Financial Inc. now owns 791,857 shares of the company’s stock valued at $69,805,000 after acquiring an additional 467,748 shares in the last quarter. Finally, Van Berkom & Associates Inc. lifted its holdings in shares of Shake Shack by 19.0% during the 1st quarter. Van Berkom & Associates Inc. now owns 785,594 shares of the company’s stock valued at $69,266,000 after acquiring an additional 125,357 shares in the last quarter. 86.07% of the stock is owned by hedge funds and other institutional investors.

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.