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Shake Shack Inc. (NYSE: SHAK) largest shareholder Equity Group L.P. Select sold 118,645 shares of the company in connection with a transaction that occurred on Monday, July 2. The shares were sold at an average price of $ 65.23, for a total value of $ 7,739,213.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible via the SEC's website. Major shareholders who hold 10% or more of shares of a corporation are required to disclose their transactions with the SEC.
Equity Group LP Select also recently made the following trade (s):
Friday, Marketbeat reports. Shake Shack Inc. has a 12-month low of $ 30.12 and a 12-month high of $ 69.96. The company has a market capitalization of $ 2.42 billion, a capitalization ratio of 114.49, a P / E / G ratio of 5.39 and a beta of 1.35.
Shake Shack (NYSE: SHAK) last announced its quarterly results on Thursday, May 3rd. The company announced earnings per share (EPS) of $ 0.15 for the quarter, leading analysts consensus estimates of $ 0.08 per $ 0.07. Shake Shack posted a positive return on equity of 9.17% and a negative net margin of 0.27%. The company achieved a turnover of $ 99.20 million for the quarter, compared with $ 96.77 million for analysts. In the same quarter last year, the company posted earnings per share of $ 0.10. The business turnover of the business is up 29.3% over the same quarter of last year. Research analysts predict that Shake Shack Inc. will report 0.54 earnings per share for the current year.
A number of institutional investors and hedge funds recently bought and sold shares. Principal Financial Group Inc. increased its stake in Shake Shack by 5.9% in the first quarter. Principal Financial Group Inc. now holds 145,283 shares of the Company valued at $ 6,048,000 after acquiring 8,066 additional shares during the period. Legal & General Group Plc increased its interest in Shake Shack by 4.6% in the first quarter. Legal & General Group Plc now holds 35,930 shares of the Company valued at $ 1,485,000 after acquiring 1,589 additional shares during the period. Quad Capital Management Advisors LLC has purchased a new stake in Shake Shack in the first quarter worth $ 1,166,000. Tenzing Global Management LLC has bought a new stake in Shake Shack in the first quarter worth $ 331,000. Finally, Blair William & Co. IL increased its stake in Shake Shack by 134.6% in the first quarter. Blair William & Co. IL now holds 242,161 shares of the Company valued at $ 10,081,000 after acquiring an additional 138,936 shares during the period. Institutional investors and hedge funds own 73.77% of the company's shares.
Several research companies commented on SHAK. Longbow Research has reduced Shake Shack from a "buy" rating to a "neutral" rating and has set a target price of $ 57.96 on the stock. in a research note on Wednesday 23 May. They noted that the move was a call for evaluation. ValuEngine has raised Shake Shack from a "buy" note to a "strong buy" note in a research note on Friday, May 4th. Wedbush reiterated a "hold" rating and set a price target of $ 48.00 on Shake Shack shares in a research note on Friday, May 4th. Zacks Investment Research put Shake Shack from a "hold" rating to a "buy" rating and set a price target of $ 49.00 on the stock in a research note on Thursday, April 19th. Finally, TheStreet reduced Shake Shack from a "c" grade to a "d +" grade in a research note on Friday, March 16th. Two financial analysts rated the stock with a sales note, six issued a standby note, two attributed a purchase note and two gave a strong rating to the stock. The stock currently has a consensus rating of "Hold" and an average target price of $ 47.55
Shake Shack Company Profile
Shake Shack Inc. owns, operates and sells Shake Shack (Shacks) restaurants in the United States. United and abroad. Her huts offer hamburgers, hot dogs, chicken, crinkled fries, milkshakes, ice creams, beer, wine and other products. As of December 27, 2017, there were 159 Shacks, including 90 Shacks operated by domestic companies, 10 nationally licensed Shacks and 59 internationally licensed Shacks.
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