Shake Shack Inc (NYSE:SHAK) Director Jonathan D. Sokoloff sold 700 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $53.00, for a total transaction of $37,100.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

  • 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.
  • On Friday, February 15th, Jonathan D. Sokoloff sold 28,585 shares of Shake Shack stock. The shares were sold at an average price of $53.02, for a total transaction of $1,515,576.70.

NYSE:SHAK traded down $0.37 on Friday, reaching $54.40. The stock had a trading volume of 21,074 shares, compared to its average volume of 696,966. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 76.61, a price-to-earnings-growth ratio of 3.80 and a beta of 1.44. Shake Shack Inc has a 12-month low of $39.77 and a 12-month high of $70.12.

Shake Shack (NYSE:SHAK) last released its earnings results on Monday, February 25th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.03. The company had revenue of $124.30 million for the quarter, compared to analyst estimates of $119.08 million. Shake Shack had a net margin of 3.30% and a return on equity of 9.57%. The firm’s quarterly revenue was up 29.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. As a group, equities analysts predict that Shake Shack Inc will post 0.62 earnings per share for the current year.

SHAK has been the topic of a number of research reports. Zacks Investment Research cut shares of Shake Shack from a “hold” rating to a “sell” rating in a research note on Thursday. Jefferies Financial Group raised shares of Shake Shack from an “underperform” rating to a “hold” rating and set a $45.08 price objective on the stock in a research note on Wednesday, December 19th. They noted that the move was a valuation call. Wedbush lowered their price objective on shares of Shake Shack from $56.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 26th. Finally, Stifel Nicolaus lowered their price objective on shares of Shake Shack from $65.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, December 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $54.21.

Large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 valued at $82,000 after purchasing an additional 390 shares in the last quarter. LS Investment Advisors LLC lifted its holdings in Shake Shack by 155.3% in the 4th quarter. LS Investment Advisors LLC now owns 4,176 shares of the company’s stock valued at $190,000 after purchasing an additional 2,540 shares in the last quarter. Xact Kapitalforvaltning AB lifted its holdings in Shake Shack by 17.5% in the 4th quarter. Xact Kapitalforvaltning AB now owns 4,700 shares of the company’s stock valued at $213,000 after purchasing an additional 700 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Shake Shack by 5.2% during the 4th quarter. LPL Financial LLC now owns 5,015 shares of the company’s stock worth $228,000 after acquiring an additional 248 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Shake Shack by 15.1% during the 4th quarter. Advisors Asset Management Inc. now owns 5,041 shares of the company’s stock worth $229,000 after acquiring an additional 662 shares during the period. Institutional investors own 83.39% of the company’s stock.

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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, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of October 9, 2018, it operated 180 locations in 26 U.S.

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