Key Points
- Insider Stephanie Ann Sentell sold 200 Shake Shack shares on Jan. 20 at an average price of $99.19 for $19,838, leaving her with 9,507 shares (a 2.06% reduction); the transaction was disclosed in an SEC Form 4 and follows prior sales of 200 shares on Dec. 19 and 1,100 shares on Nov. 25.
- Shake Shack has a market cap of $3.94 billion, a P/E of 90.59, 50-/200-day moving averages of $86.83/$99.62, and reported recent quarterly results that beat EPS and showed revenue up 15.9% year-over-year; analysts’ consensus rating is Hold with a $116.52 price target.
Shake Shack, Inc. (NYSE:SHAK - Get Free Report) insider Stephanie Ann Sentell sold 200 shares of Shake Shack stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $99.19, for a total transaction of $19,838.00. Following the completion of the sale, the insider owned 9,507 shares of the company's stock, valued at $942,999.33. This trade represents a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Stephanie Ann Sentell also recently made the following trade(s):
- On Friday, December 19th, Stephanie Ann Sentell sold 200 shares of Shake Shack stock. The shares were sold at an average price of $85.78, for a total transaction of $17,156.00.
- 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 Price Performance
NYSE SHAK opened at $92.40 on Friday. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 90.59, a PEG ratio of 2.42 and a beta of 1.68. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.84 and a quick ratio of 1.81. The stock's fifty day moving average price is $86.83 and its 200 day moving average price is $99.62. Shake Shack, Inc. has a 1 year low of $72.93 and a 1 year high of $144.65.
Shake Shack (NYSE:SHAK - Get Free Report) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 10.43% and a net margin of 3.10%.The company's revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.25 earnings per share. As a group, equities research analysts forecast that Shake Shack, Inc. will post 1.26 earnings per share for the current year.
Institutional Investors Weigh In On Shake Shack
Institutional investors have recently added to or reduced their stakes in the stock. White Pine Capital LLC increased its holdings in Shake Shack by 2.0% in the 2nd quarter. White Pine Capital LLC now owns 4,981 shares of the company's stock worth $700,000 after acquiring an additional 100 shares in the last quarter. Glenview Trust co grew its position in shares of Shake Shack by 1.5% in the second quarter. Glenview Trust co now owns 6,925 shares of the company's stock valued at $974,000 after purchasing an additional 100 shares during the period. Wealthcare Advisory Partners LLC increased its stake in shares of Shake Shack by 0.8% during the second quarter. Wealthcare Advisory Partners LLC now owns 13,512 shares of the company's stock worth $1,900,000 after purchasing an additional 106 shares in the last quarter. Keybank National Association OH raised its position in shares of Shake Shack by 1.8% during the 2nd quarter. Keybank National Association OH now owns 6,079 shares of the company's stock worth $855,000 after purchasing an additional 106 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Shake Shack by 12.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 964 shares of the company's stock valued at $91,000 after buying an additional 107 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Piper Sandler reduced their target price on shares of Shake Shack from $126.00 to $102.00 and set a "neutral" rating for the company in a report on Friday, October 31st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Shake Shack in a research report on Wednesday. Zacks Research cut Shake Shack from a "hold" rating to a "strong sell" rating in a report on Thursday, January 15th. JPMorgan Chase & Co. upgraded Shake Shack from an "underweight" rating to a "neutral" rating and lowered their target price for the stock from $95.00 to $90.00 in a research note on Thursday, December 18th. Finally, Deutsche Bank Aktiengesellschaft upgraded Shake Shack from a "hold" rating to a "buy" rating and set a $105.00 price target for the company in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Shake Shack currently has a consensus rating of "Hold" and a consensus price target of $116.52.
Get Our Latest Research Report on SHAK
Shake Shack Company Profile
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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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