Jonathan D. Sokoloff Sells 178,739 Shares of Shake Shack Inc (SHAK) Stock

Shake Shack Inc (NYSE:SHAK) Director Jonathan D. Sokoloff sold 178,739 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $60.93, for a total transaction of $10,890,567.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jonathan D. Sokoloff also recently made the following trade(s):

  • On Thursday, May 9th, Jonathan D. Sokoloff sold 53,720 shares of Shake Shack stock. The stock was sold at an average price of $60.06, for a total transaction of $3,226,423.20.
  • On Monday, May 13th, Jonathan D. Sokoloff sold 229,962 shares of Shake Shack stock. The stock was sold at an average price of $60.20, for a total transaction of $13,843,712.40.
  • On Tuesday, May 7th, Jonathan D. Sokoloff sold 9,078 shares of Shake Shack stock. The stock was sold at an average price of $57.77, for a total transaction of $524,436.06.
  • On Monday, April 8th, Jonathan D. Sokoloff sold 86,212 shares of Shake Shack stock. The stock was sold at an average price of $58.92, for a total transaction of $5,079,611.04.
  • On Wednesday, April 10th, Jonathan D. Sokoloff sold 250,000 shares of Shake Shack stock. The stock was sold at an average price of $58.36, for a total transaction of $14,590,000.00.
  • On Monday, March 11th, Jonathan D. Sokoloff sold 700 shares of Shake Shack stock. The stock was sold at an average price of $53.00, for a total transaction of $37,100.00.
  • On Wednesday, March 13th, Jonathan D. Sokoloff sold 185,847 shares of Shake Shack stock. The stock was sold at an average price of $53.10, for a total transaction of $9,868,475.70.
  • On Monday, February 25th, Jonathan D. Sokoloff sold 76,923 shares of Shake Shack stock. The stock was sold at an average price of $53.23, for a total transaction of $4,094,611.29.
  • On Tuesday, February 19th, Jonathan D. Sokoloff sold 2,301 shares of Shake Shack stock. The stock was sold at an average price of $53.01, for a total transaction of $121,976.01.
  • On Thursday, February 21st, Jonathan D. Sokoloff sold 87,733 shares of Shake Shack stock. The stock was sold at an average price of $53.09, for a total transaction of $4,657,744.97.

Shares of NYSE:SHAK opened at $59.77 on Friday. Shake Shack Inc has a 52-week low of $40.67 and a 52-week high of $70.12. The stock has a market capitalization of $2.26 billion, a P/E ratio of 84.18, a PEG ratio of 4.68 and a beta of 1.44. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.17 and a quick ratio of 1.15.

Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. Shake Shack had a net margin of 2.88% and a return on equity of 9.64%. The business had revenue of $132.60 million during the quarter, compared to the consensus estimate of $127.23 million. During the same period last year, the business posted $0.15 EPS. Shake Shack’s revenue was up 33.7% on a year-over-year basis. On average, sell-side analysts expect that Shake Shack Inc will post 0.58 EPS for the current year.

A number of equities analysts have recently commented on SHAK shares. Wedbush reduced their price objective on shares of Shake Shack from $56.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday, February 26th. Zacks Investment Research downgraded shares of Shake Shack from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Longbow Research downgraded shares of Shake Shack from a “buy” rating to a “neutral” rating and set a $58.80 price objective for the company. in a research note on Wednesday, April 17th. They noted that the move was a valuation call. SunTrust Banks raised their target price on shares of Shake Shack to $70.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Finally, Stifel Nicolaus raised their target price on shares of Shake Shack from $45.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $55.76.

A number of large investors have recently modified their holdings of the stock. FMR LLC lifted its stake in Shake Shack by 13.0% in the 1st quarter. FMR LLC now owns 1,203,667 shares of the company’s stock valued at $71,197,000 after purchasing an additional 138,218 shares during the last quarter. Maverick Capital Ltd. lifted its stake in Shake Shack by 188.7% in the 1st quarter. Maverick Capital Ltd. now owns 170,160 shares of the company’s stock valued at $10,065,000 after purchasing an additional 111,230 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Shake Shack by 29.6% in the 1st quarter. Macquarie Group Ltd. now owns 1,314,847 shares of the company’s stock valued at $77,773,000 after purchasing an additional 299,933 shares during the last quarter. Jefferies Group LLC bought a new position in Shake Shack in the 1st quarter valued at about $2,791,000. Finally, Ellington Management Group LLC raised its holdings in Shake Shack by 116.4% in the 1st quarter. Ellington Management Group LLC now owns 105,600 shares of the company’s stock valued at $6,246,000 after acquiring an additional 56,800 shares during the period. Institutional investors and hedge funds own 82.95% of the company’s stock.

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Shake Shack Company Profile

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 26, 2018, it operated 208 Shacks, including 124 domestic company-operated Shacks, 12 domestic licensed Shacks, and 72 international licensed Shacks.

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