Shake Shack Inc (SHAK) Director Jonathan D. Sokoloff Sells 87,733 Shares

Shake Shack Inc (NYSE:SHAK) Director Jonathan D. Sokoloff sold 87,733 shares of the stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $53.09, for a total value of $4,657,744.97. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

  • 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 Wednesday, February 13th, Jonathan D. Sokoloff sold 3,517 shares of Shake Shack stock. The stock was sold at an average price of $53.00, for a total transaction of $186,401.00.
  • On Friday, February 15th, Jonathan D. Sokoloff sold 28,585 shares of Shake Shack stock. The stock was sold at an average price of $53.02, for a total transaction of $1,515,576.70.
  • On Monday, December 3rd, Jonathan D. Sokoloff sold 64,072 shares of Shake Shack stock. The stock was sold at an average price of $52.19, for a total transaction of $3,343,917.68.

NYSE SHAK traded up $0.09 during trading hours on Thursday, hitting $52.94. The company’s stock had a trading volume of 550,052 shares, compared to its average volume of 578,310. Shake Shack Inc has a 52 week low of $37.13 and a 52 week high of $70.12. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 92.88, a PEG ratio of 3.33 and a beta of 1.40.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Shake Shack by 27.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,799 shares of the company’s stock worth $82,000 after buying an additional 390 shares in the last quarter. LS Investment Advisors LLC lifted its position in shares of Shake Shack by 155.3% during the 4th quarter. LS Investment Advisors LLC now owns 4,176 shares of the company’s stock worth $190,000 after buying an additional 2,540 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Shake Shack by 50.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 3,202 shares of the company’s stock worth $212,000 after buying an additional 1,077 shares in the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of Shake Shack by 17.5% during the 4th quarter. Xact Kapitalforvaltning AB now owns 4,700 shares of the company’s stock worth $213,000 after buying an additional 700 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of Shake Shack by 5.2% during the 4th quarter. LPL Financial LLC now owns 5,015 shares of the company’s stock worth $228,000 after buying an additional 248 shares in the last quarter. 81.83% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently issued reports on SHAK. Stifel Nicolaus cut their price objective on shares of Shake Shack from $65.00 to $55.00 and set a “hold” rating on the stock in a research report on Wednesday, December 12th. ValuEngine cut shares of Shake Shack from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 2nd. Zacks Investment Research cut shares of Shake Shack from a “buy” rating to a “hold” rating in a research report on Thursday, November 8th. Barclays cut their price objective on shares of Shake Shack from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Friday, November 2nd. Finally, Longbow Research raised shares of Shake Shack from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Tuesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $54.41.

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About Shake Shack

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 October 9, 2018, it operated 180 locations in 26 U.S.

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