Shake Shack Inc (SHAK) Director Jonathan D. Sokoloff Sells 185,847 Shares

Shake Shack Inc (NYSE:SHAK) Director Jonathan D. Sokoloff sold 185,847 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $53.10, for a total transaction of $9,868,475.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Monday, March 11th, Jonathan D. Sokoloff sold 700 shares of Shake Shack stock. The stock was sold at an average price of $53.00, for a total transaction of $37,100.00.
  • On Monday, February 25th, Jonathan D. Sokoloff sold 76,923 shares of Shake Shack stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $53.02, for a total transaction of $1,515,576.70.

Shares of SHAK stock opened at $54.77 on Friday. The stock has a market cap of $1.97 billion, a PE ratio of 77.14, a PEG ratio of 3.80 and a beta of 1.44. Shake Shack Inc has a twelve month low of $39.77 and a twelve month high of $70.12.



Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Monday, February 25th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.03. The firm had revenue of $124.30 million for the quarter, compared to analysts’ expectations of $119.08 million. Shake Shack had a net margin of 3.30% and a return on equity of 9.57%. The company’s revenue was up 29.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS. Analysts expect that Shake Shack Inc will post 0.62 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. Rhumbline Advisers lifted its position in Shake Shack by 13.2% in the third quarter. Rhumbline Advisers now owns 57,674 shares of the company’s stock valued at $3,634,000 after buying an additional 6,726 shares during the last quarter. BlackRock Inc. lifted its position in Shake Shack by 30.4% in the third quarter. BlackRock Inc. now owns 3,800,912 shares of the company’s stock valued at $239,495,000 after buying an additional 886,216 shares during the last quarter. Man Group plc lifted its position in Shake Shack by 347.0% in the third quarter. Man Group plc now owns 52,294 shares of the company’s stock valued at $3,296,000 after buying an additional 40,594 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in Shake Shack in the third quarter valued at about $1,084,000. Finally, Wells Fargo & Company MN lifted its position in Shake Shack by 576.2% in the third quarter. Wells Fargo & Company MN now owns 235,646 shares of the company’s stock valued at $14,848,000 after buying an additional 200,799 shares during the last quarter. 83.39% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Shake Shack from a “hold” rating to a “sell” rating in a report on Thursday. Stifel Nicolaus lowered their price target on shares of Shake Shack from $65.00 to $55.00 and set a “hold” rating on the stock in a research report on Wednesday, December 12th. Wedbush lowered their price target on shares of Shake Shack from $56.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 26th. Finally, Jefferies Financial Group raised shares of Shake Shack from an “underperform” rating to a “hold” rating and set a $45.08 price target on the stock in a research report on Wednesday, December 19th. They noted that the move was a valuation call. 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’s stock. Shake Shack has a consensus rating of “Hold” and a consensus target price of $54.21.

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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 October 9, 2018, it operated 180 locations in 26 U.S.

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