Stephanie Ann Sentell Sells 258 Shares of Shake Shack (NYSE:SHAK) Stock

Shake Shack, Inc. (NYSE:SHAK - Get Free Report) insider Stephanie Ann Sentell sold 258 shares of the firm's stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $102.21, for a total transaction of $26,370.18. Following the sale, the insider owned 15,084 shares in the company, valued at approximately $1,541,735.64. This trade represents a 1.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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Stephanie Ann Sentell also recently made the following trade(s):

• On Tuesday, January 20th, Stephanie Ann Sentell sold 200 shares of Shake Shack stock. The stock was sold at an average price of $99.19, for a total transaction of $19,838.00.

Shake Shack Stock Up 3.9%

Shares of NYSE SHAK opened at $103.62 on Friday. Shake Shack, Inc. has a 1 year low of $76.51 and a 1 year high of $144.65. The firm's 50 day moving average price is $92.80 and its 200 day moving average price is $90.61. The firm has a market cap of $4.42 billion, a P/E ratio of 95.06, a price-to-earnings-growth ratio of 3.99 and a beta of 1.75. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.76.

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Shake Shack (NYSE:SHAK - Get Free Report) last announced its earnings results on Thursday, February 26th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. Shake Shack had a net margin of 3.16% and a return on equity of 11.08%. The firm had revenue of $400.53 million for the quarter, compared to analyst estimates of $402.06 million. During the same quarter last year, the business earned $0.26 earnings per share. Shake Shack's revenue was up 21.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Shake Shack, Inc. will post 1.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

SHAK has been the topic of a number of analyst reports. Wells Fargo & Company raised their target price on shares of Shake Shack from $90.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Friday, February 27th. Mizuho upgraded shares of Shake Shack from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $100.00 to $120.00 in a report on Friday, April 10th. Bank of America upgraded shares of Shake Shack from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $88.00 to $101.00 in a report on Tuesday, March 31st. Morgan Stanley upgraded shares of Shake Shack from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $115.00 to $125.00 in a report on Tuesday, January 20th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Shake Shack in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $119.22.

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Check Out Our Latest Stock Analysis on SHAK

Hedge Funds Weigh In On Shake Shack

Hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Shake Shack by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,627 shares of the company's stock valued at $1,995,000 after acquiring an additional 976 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Shake Shack by 4,210.3% during the 1st quarter. Jones Financial Companies Lllp now owns 2,500 shares of the company's stock valued at $220,000 after acquiring an additional 2,442 shares in the last quarter. United Services Automobile Association acquired a new position in shares of Shake Shack during the 1st quarter valued at $219,000. Geneos Wealth Management Inc. acquired a new position in shares of Shake Shack during the 1st quarter valued at $26,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Shake Shack by 159.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 748 shares of the company's stock valued at $105,000 after acquiring an additional 460 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company's stock.

About Shake Shack

(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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