Shake Shack Inc (SHAK) Director Daniel Harris Meyer Sells 100,000 Shares

Shake Shack Inc (NYSE:SHAK) Director Daniel Harris Meyer sold 100,000 shares of Shake Shack stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $43.79, for a total transaction of $4,379,000.00. Following the completion of the sale, the director now directly owns 642 shares in the company, valued at approximately $28,113.18. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Daniel Harris Meyer also recently made the following trade(s):

  • On Monday, December 18th, Daniel Harris Meyer sold 100,000 shares of Shake Shack stock. The shares were sold at an average price of $45.93, for a total transaction of $4,593,000.00.
  • On Thursday, November 9th, Daniel Harris Meyer sold 15,000 shares of Shake Shack stock. The shares were sold at an average price of $37.11, for a total transaction of $556,650.00.
  • On Friday, November 3rd, Daniel Harris Meyer sold 35,000 shares of Shake Shack stock. The shares were sold at an average price of $36.15, for a total transaction of $1,265,250.00.
  • On Monday, November 6th, Daniel Harris Meyer sold 45,000 shares of Shake Shack stock. The shares were sold at an average price of $36.27, for a total transaction of $1,632,150.00.

Shake Shack Inc (NYSE SHAK) traded down $1.69 on Friday, hitting $45.39. 758,200 shares of the stock were exchanged, compared to its average volume of 814,067. The stock has a market cap of $1,729.20, a price-to-earnings ratio of 73.21, a P/E/G ratio of 3.96 and a beta of 1.43. Shake Shack Inc has a 12-month low of $30.12 and a 12-month high of $47.39.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $94.60 million during the quarter, compared to analyst estimates of $94.17 million. Shake Shack had a net margin of 4.78% and a return on equity of 9.42%. The business’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 EPS. equities research analysts predict that Shake Shack Inc will post 0.52 earnings per share for the current year.

A number of large investors have recently made changes to their positions in SHAK. Victory Capital Management Inc. grew its position in Shake Shack by 17.7% in the second quarter. Victory Capital Management Inc. now owns 4,371 shares of the company’s stock worth $152,000 after acquiring an additional 656 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position in Shake Shack by 6.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,380 shares of the company’s stock worth $153,000 after acquiring an additional 280 shares in the last quarter. Pacad Investment Ltd. grew its position in Shake Shack by 1,225.0% in the second quarter. Pacad Investment Ltd. now owns 5,300 shares of the company’s stock worth $185,000 after acquiring an additional 4,900 shares in the last quarter. Cipher Capital LP purchased a new position in Shake Shack in the third quarter worth $211,000. Finally, Parametric Portfolio Associates LLC purchased a new position in Shake Shack in the second quarter worth $247,000. Institutional investors own 83.16% of the company’s stock.

A number of brokerages have issued reports on SHAK. Jefferies Group cut shares of Shake Shack from a “hold” rating to an “underperform” rating and set a $36.00 target price on the stock. in a report on Friday, December 22nd. Cowen boosted their target price on shares of Shake Shack from $36.00 to $42.00 and gave the company a “market perform” rating in a report on Tuesday, December 19th. Morgan Stanley raised shares of Shake Shack from an “underweight” rating to an “equal weight” rating and lowered their target price for the company from $43.04 to $34.00 in a report on Thursday, December 7th. BidaskClub raised shares of Shake Shack from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 14th. Finally, Barclays boosted their target price on shares of Shake Shack from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. Shake Shack currently has an average rating of “Hold” and an average price target of $37.76.

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Shake Shack Company Profile

Shake Shack Inc operates roadside burger stands. The Company serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. The Company’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard.

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

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