Katherine Irene Fogertey Sells 642 Shares of Shake Shack Inc. (NYSE:SHAK) Stock

Shake Shack Inc. (NYSE:SHAK) CFO Katherine Irene Fogertey sold 642 shares of Shake Shack stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total value of $88,281.42. Following the completion of the transaction, the chief financial officer now owns 30,717 shares in the company, valued at $4,223,894.67. The trade was a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, October 2nd, Katherine Irene Fogertey sold 321 shares of Shake Shack stock. The shares were sold at an average price of $103.93, for a total value of $33,361.53.

Shake Shack Price Performance

Shares of SHAK stock opened at $131.59 on Friday. The stock’s fifty day simple moving average is $122.41 and its 200 day simple moving average is $104.88. Shake Shack Inc. has a one year low of $64.16 and a one year high of $139.89. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 774.06, a P/E/G ratio of 2.97 and a beta of 1.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98.

Shake Shack (NYSE:SHAK) last issued its earnings results on Wednesday, October 30th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05. Shake Shack had a net margin of 0.68% and a return on equity of 6.28%. The company had revenue of $316.92 million for the quarter, compared to the consensus estimate of $316.03 million. During the same quarter in the previous year, the company earned $0.17 EPS. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, analysts expect that Shake Shack Inc. will post 0.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SHAK shares. Bank of America increased their price objective on Shake Shack from $104.00 to $116.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Piper Sandler downgraded shares of Shake Shack from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $121.00 to $114.00 in a report on Monday, August 19th. TD Cowen restated a “buy” rating and set a $125.00 price objective on shares of Shake Shack in a report on Wednesday, September 18th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $102.00 price objective (down previously from $105.00) on shares of Shake Shack in a research report on Tuesday, September 24th. Finally, Oppenheimer lifted their target price on Shake Shack from $122.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Shake Shack has a consensus rating of “Hold” and an average target price of $112.94.

Hedge Funds Weigh In On Shake Shack

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. World Investment Advisors LLC acquired a new stake in shares of Shake Shack during the third quarter worth approximately $249,000. Neo Ivy Capital Management bought a new stake in Shake Shack during the 3rd quarter worth approximately $142,000. Geode Capital Management LLC increased its holdings in Shake Shack by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 876,380 shares of the company’s stock valued at $90,470,000 after purchasing an additional 26,620 shares in the last quarter. State Street Corp increased its holdings in Shake Shack by 3.5% during the 3rd quarter. State Street Corp now owns 1,452,736 shares of the company’s stock valued at $149,937,000 after purchasing an additional 49,324 shares in the last quarter. Finally, Point72 DIFC Ltd raised its position in Shake Shack by 20.0% in the 3rd quarter. Point72 DIFC Ltd now owns 6,906 shares of the company’s stock valued at $713,000 after purchasing an additional 1,153 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors and hedge funds.

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.