Shake Shack Inc (NYSE:SHAK) Director Jonathan D. Sokoloff sold 229,962 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $60.20, for a total transaction of $13,843,712.40. The transaction was disclosed in a filing with the SEC, which is available at this link.

Jonathan D. Sokoloff also recently made the following trade(s):

  • On Thursday, May 9th, Jonathan D. Sokoloff sold 53,720 shares of Shake Shack stock. The shares were sold at an average price of $60.06, for a total transaction of $3,226,423.20.
  • On Tuesday, May 7th, Jonathan D. Sokoloff sold 9,078 shares of Shake Shack stock. The shares were sold at an average price of $57.77, for a total transaction of $524,436.06.
  • On Monday, April 8th, Jonathan D. Sokoloff sold 86,212 shares of Shake Shack stock. The shares were sold at an average price of $58.92, for a total transaction of $5,079,611.04.
  • On Wednesday, April 10th, Jonathan D. Sokoloff sold 250,000 shares of Shake Shack stock. The shares were sold at an average price of $58.36, for a total transaction of $14,590,000.00.
  • On Monday, March 11th, Jonathan D. Sokoloff sold 700 shares of Shake Shack stock. The shares were sold at an average price of $53.00, for a total transaction of $37,100.00.
  • On Wednesday, March 13th, Jonathan D. Sokoloff sold 185,847 shares of Shake Shack stock. The shares were sold at an average price of $53.10, for a total transaction of $9,868,475.70.
  • On Monday, February 25th, Jonathan D. Sokoloff sold 76,923 shares of Shake Shack stock. The shares were sold at an average price of $53.23, for a total transaction of $4,094,611.29.
  • On Tuesday, February 19th, Jonathan D. Sokoloff sold 2,301 shares of Shake Shack stock. The shares were sold at an average price of $53.01, for a total transaction of $121,976.01.
  • On Thursday, February 21st, Jonathan D. Sokoloff sold 87,733 shares of Shake Shack stock. The shares were sold at an average price of $53.09, for a total transaction of $4,657,744.97.
  • On Wednesday, February 13th, Jonathan D. Sokoloff sold 3,517 shares of Shake Shack stock. The shares were sold at an average price of $53.00, for a total transaction of $186,401.00.

Shares of NYSE SHAK opened at $60.82 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.17 and a quick ratio of 1.15. Shake Shack Inc has a 12 month low of $40.67 and a 12 month high of $70.12. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 85.66, a P/E/G ratio of 4.61 and a beta of 1.44.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Shake Shack had a net margin of 2.88% and a return on equity of 9.64%. The business had revenue of $132.60 million during the quarter, compared to analyst estimates of $127.23 million. During the same period in the prior year, the business earned $0.15 EPS. The company’s revenue for the quarter was up 33.7% on a year-over-year basis. Equities research analysts expect that Shake Shack Inc will post 0.58 EPS for the current year.

SHAK has been the subject of a number of recent analyst reports. TheStreet upgraded shares of Shake Shack from a “c” rating to a “b” rating in a report on Friday, May 3rd. SunTrust Banks upped their price target on shares of Shake Shack to $70.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Morgan Stanley upped their price target on shares of Shake Shack from $52.00 to $56.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. Zacks Investment Research upgraded shares of Shake Shack from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Finally, Stifel Nicolaus upped their price objective on shares of Shake Shack from $45.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Shake Shack currently has an average rating of “Hold” and an average target price of $55.76.

Hedge funds and other institutional investors have recently modified their holdings of the business. Truvestments Capital LLC bought a new position in Shake Shack in the 1st quarter worth $80,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Shake Shack by 27.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,799 shares of the company’s stock worth $82,000 after purchasing an additional 390 shares in the last quarter. US Bancorp DE raised its holdings in Shake Shack by 16.7% in the 1st quarter. US Bancorp DE now owns 4,068 shares of the company’s stock worth $240,000 after purchasing an additional 582 shares in the last quarter. Everence Capital Management Inc. bought a new position in shares of Shake Shack in the 1st quarter worth about $241,000. Finally, LS Investment Advisors LLC increased its stake in shares of Shake Shack by 155.3% in the 4th quarter. LS Investment Advisors LLC now owns 4,176 shares of the company’s stock worth $190,000 after acquiring an additional 2,540 shares in the last quarter. Institutional investors and hedge funds own 82.95% of the company’s stock.

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About Shake Shack

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 26, 2018, it operated 208 Shacks, including 124 domestic company-operated Shacks, 12 domestic licensed Shacks, and 72 international licensed Shacks.

Further Reading: How are institutional investors different from individual investors?

Insider Buying and Selling by Quarter for Shake Shack (NYSE:SHAK)

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