Key Points
- Insider sale: Stephanie Ann Sentell sold 200 shares on December 19 at an average price of $85.78 for $17,156, leaving her with 9,707 shares (a 2.02% reduction); she had also sold 1,100 shares on November 25 at $85.14.
- Company performance and analyst view: Shake Shack reported Q3 EPS of $0.36 (beating estimates) and revenue of $367.41M, up 15.9% year-over-year, while analysts' consensus rating is a "Hold" with a $119.10 target price.
Shake Shack, Inc. (NYSE:SHAK - Get Free Report) insider Stephanie Ann Sentell sold 200 shares of the stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $85.78, for a total transaction of $17,156.00. Following the sale, the insider directly owned 9,707 shares of the company's stock, valued at $832,666.46. This represents a 2.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Stephanie Ann Sentell also recently made the following trade(s):
- On Tuesday, November 25th, Stephanie Ann Sentell sold 1,100 shares of Shake Shack stock. The stock was sold at an average price of $85.14, for a total transaction of $93,654.00.
Shake Shack Trading Down 2.7%
NYSE:SHAK opened at $83.39 on Tuesday. Shake Shack, Inc. has a 52 week low of $72.93 and a 52 week high of $144.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.81 and a current ratio of 1.84. The firm's fifty day moving average is $88.04 and its 200-day moving average is $106.03. The firm has a market cap of $3.56 billion, a P/E ratio of 81.76, a P/E/G ratio of 2.24 and a beta of 1.67.
Shake Shack (NYSE:SHAK - Get Free Report) last released its earnings results on Thursday, October 30th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.05. The business had revenue of $367.41 million for the quarter, compared to analyst estimates of $363.69 million. Shake Shack had a net margin of 3.10% and a return on equity of 10.43%. Shake Shack's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 earnings per share. Equities analysts expect that Shake Shack, Inc. will post 1.26 earnings per share for the current year.
Hedge Funds Weigh In On Shake Shack
A number of large investors have recently modified their holdings of the company. Geneos Wealth Management Inc. bought a new stake in Shake Shack during the 1st quarter valued at $26,000. Ameritas Advisory Services LLC acquired a new position in shares of Shake Shack during the second quarter valued at about $31,000. Global Retirement Partners LLC increased its position in shares of Shake Shack by 83.7% during the third quarter. Global Retirement Partners LLC now owns 327 shares of the company's stock worth $31,000 after acquiring an additional 149 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Shake Shack by 679.4% in the 2nd quarter. Parallel Advisors LLC now owns 265 shares of the company's stock worth $37,000 after acquiring an additional 231 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp lifted its position in Shake Shack by 68.5% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 418 shares of the company's stock valued at $38,000 after acquiring an additional 170 shares in the last quarter. 86.07% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Shake Shack in a research note on Wednesday, October 8th. Truist Financial cut their price target on Shake Shack from $162.00 to $156.00 and set a "buy" rating on the stock in a report on Monday, September 29th. Loop Capital raised shares of Shake Shack from a "hold" rating to a "buy" rating and raised their price objective for the stock from $98.00 to $127.00 in a research report on Friday, November 14th. Morgan Stanley set a $115.00 target price on shares of Shake Shack in a research report on Tuesday, October 21st. Finally, The Goldman Sachs Group cut their target price on shares of Shake Shack from $160.00 to $137.00 and set a "buy" rating on the stock in a research note on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $119.10.
Check Out Our Latest Stock Report on SHAK
Shake Shack Company Profile
(
Get Free Report)
Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.
Shake Shack traces its origins to a hot dog cart opened in New York City's Madison Square Park in 2001 by Danny Meyer's Union Square Hospitality Group.
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