Shake Shack Inc. (NYSE:SHAK) CFO Katherine Irene Fogertey Sells 642 Shares

Shake Shack Inc. (NYSE:SHAK) CFO Katherine Irene Fogertey sold 642 shares of Shake Shack stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total value of $88,281.42. Following the transaction, the chief financial officer now owns 30,717 shares of the company’s stock, valued at $4,223,894.67. The trade was a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, October 2nd, Katherine Irene Fogertey sold 321 shares of Shake Shack stock. The shares were sold at an average price of $103.93, for a total transaction of $33,361.53.

Shake Shack Price Performance

Shares of NYSE SHAK traded down $3.22 during mid-day trading on Friday, hitting $131.62. 533,280 shares of the stock traded hands, compared to its average volume of 926,990. The company has a market cap of $5.59 billion, a PE ratio of 793.18, a price-to-earnings-growth ratio of 2.97 and a beta of 1.85. Shake Shack Inc. has a twelve month low of $64.16 and a twelve month high of $139.89. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98. The firm has a 50 day simple moving average of $121.98 and a two-hundred day simple moving average of $104.58.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. The company had revenue of $316.92 million during the quarter, compared to the consensus estimate of $316.03 million. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 earnings per share. As a group, equities research analysts forecast that Shake Shack Inc. will post 0.82 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on SHAK. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $115.00 target price on shares of Shake Shack in a report on Wednesday, August 28th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $102.00 price target (down from $105.00) on shares of Shake Shack in a research report on Tuesday, September 24th. Barclays raised their price objective on Shake Shack from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Bank of America upped their target price on Shake Shack from $104.00 to $116.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Finally, Oppenheimer raised their price target on Shake Shack from $122.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Shake Shack presently has a consensus rating of “Hold” and a consensus price target of $112.94.

Hedge Funds Weigh In On Shake Shack

Hedge funds have recently modified their holdings of the business. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Shake Shack in the third quarter valued at $41,000. Quest Partners LLC bought a new stake in shares of Shake Shack during the 2nd quarter valued at about $38,000. Kimelman & Baird LLC acquired a new stake in Shake Shack during the second quarter worth approximately $45,000. Covestor Ltd increased its holdings in Shake Shack by 41.6% in the third quarter. Covestor Ltd now owns 698 shares of the company’s stock worth $72,000 after purchasing an additional 205 shares in the last quarter. Finally, CWM LLC lifted its stake in Shake Shack by 24.7% in the second quarter. CWM LLC now owns 1,046 shares of the company’s stock valued at $94,000 after buying an additional 207 shares during the period. Institutional investors and hedge funds own 86.07% of the company’s stock.

About Shake Shack

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.