Insider Selling: Shake Shack Inc. (NYSE:SHAK) CFO Sells 3,956 Shares of Stock

Shake Shack Inc. (NYSE:SHAK) CFO Katherine Irene Fogertey sold 3,956 shares of Shake Shack stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $127.49, for a total value of $504,350.44. Following the completion of the transaction, the chief financial officer now owns 35,750 shares of the company’s stock, valued at approximately $4,557,767.50. This trade represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, June 13th, Katherine Irene Fogertey sold 562 shares of Shake Shack stock. The stock was sold at an average price of $124.84, for a total value of $70,160.08.
• 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 value of $20,709.00.

Shake Shack Price Performance

Shares of SHAK traded up $3.37 during midday trading on Monday, reaching $127.08. The stock had a trading volume of 1,363,319 shares, compared to its average volume of 1,182,948. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 552.50 and a beta of 1.77. The company’s 50-day moving average is $105.61 and its 200 day moving average is $110.67. Shake Shack Inc. has a 12-month low of $72.93 and a 12-month high of $139.89.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, May 1st. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Shake Shack had a return on equity of 8.40% and a net margin of 0.81%. The firm had revenue of $320.90 million during the quarter, compared to the consensus estimate of $330.24 million. During the same quarter in the previous year, the firm earned $0.13 EPS. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. On average, equities analysts predict that Shake Shack Inc. will post 1.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Shake Shack

A number of hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its position in Shake Shack by 939.3% in the 1st quarter. Farther Finance Advisors LLC now owns 291 shares of the company’s stock worth $26,000 after purchasing an additional 263 shares during the period. Geneos Wealth Management Inc. bought a new position in shares of Shake Shack during the first quarter valued at about $26,000. Nemes Rush Group LLC purchased a new position in shares of Shake Shack in the fourth quarter worth about $29,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Shake Shack in the 4th quarter valued at about $32,000. Finally, Garde Capital Inc. purchased a new stake in Shake Shack during the 1st quarter valued at about $35,000. 86.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SHAK. Loop Capital raised shares of Shake Shack from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a report on Tuesday, April 1st. KeyCorp began coverage on shares of Shake Shack in a research note on Monday, June 2nd. They issued a “sector weight” rating on the stock. UBS Group cut their price target on shares of Shake Shack from $140.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, April 28th. TD Securities restated a “hold” rating and set a $105.00 price target on shares of Shake Shack in a research report on Monday, May 19th. Finally, Wedbush increased their price objective on Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $115.40.

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.