Katherine Irene Fogertey Sells 321 Shares of Shake Shack Inc. (NYSE:SHAK) Stock

Shake Shack Inc. (NYSE:SHAK) CFO Katherine Irene Fogertey sold 321 shares of Shake Shack stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $103.93, for a total value of $33,361.53. Following the transaction, the chief financial officer now directly owns 36,180 shares in the company, valued at approximately $3,760,187.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, September 4th, Katherine Irene Fogertey sold 321 shares of Shake Shack stock. The shares were sold at an average price of $98.57, for a total value of $31,640.97.
• On Monday, August 5th, Katherine Irene Fogertey sold 321 shares of Shake Shack stock. The stock was sold at an average price of $95.10, for a total transaction of $30,527.10.
• On Friday, August 2nd, Katherine Irene Fogertey sold 963 shares of Shake Shack stock. The shares were sold at an average price of $96.03, for a total value of $92,476.89.

Shake Shack Stock Up 5.2 %

SHAK opened at $110.02 on Friday. Shake Shack Inc. has a 12 month low of $52.79 and a 12 month high of $111.29. The company has a current ratio of 2.06, a quick ratio of 2.03 and a debt-to-equity ratio of 0.51. The business’s 50-day moving average price is $101.69 and its 200-day moving average price is $97.57. The company has a market cap of $4.67 billion, a P/E ratio of 200.04, a P/E/G ratio of 3.14 and a beta of 1.83.

Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, August 1st. The company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The firm had revenue of $316.50 million for the quarter, compared to analysts’ expectations of $314.37 million. Shake Shack had a net margin of 2.23% and a return on equity of 5.63%. The business’s revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the business earned $0.18 earnings per share. On average, equities analysts expect that Shake Shack Inc. will post 0.73 EPS for the current year.

Institutional Trading of Shake Shack

Several large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new stake in Shake Shack in the first quarter worth $25,000. Quest Partners LLC bought a new stake in shares of Shake Shack during the 2nd quarter valued at about $38,000. Kimelman & Baird LLC bought a new stake in shares of Shake Shack during the 2nd quarter valued at about $45,000. Covestor Ltd increased its position in shares of Shake Shack by 32,150.0% during the first quarter. Covestor Ltd now owns 645 shares of the company’s stock valued at $67,000 after buying an additional 643 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in Shake Shack in the first quarter worth about $97,000. 86.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SHAK shares. TD Cowen reiterated a “buy” rating and set a $125.00 price objective on shares of Shake Shack in a research note on Wednesday, September 18th. Barclays raised their price target on shares of Shake Shack from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $115.00 price objective on shares of Shake Shack in a research report on Wednesday, August 28th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $102.00 price target (down previously from $105.00) on shares of Shake Shack in a research report on Tuesday, September 24th. Finally, Robert W. Baird upped their target price on Shake Shack from $93.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $107.39.

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.