Here is the rundown on market activity for Shake Shack, Inc. Class A Commo (NYSE:SHAK). Equity Group, L.p. Select, Director sold $1,233,360 worth of shares at a price of $34.26 on Wed the 14th. The Director now owns $7,024,533 of the stock as reported to the SEC. Director Daniel Harris Meyer sold 21,688 shares at a price of $40.01 on Fri the 5th. That brings the Director’s holdings to $52,025,723 as recorded in a recent Form 4 SEC filing.
Today Jeffrey Flug, Director disclosed the sale of 34,628 shares. The shares were purchased at an average price of $40.55. Flug now owns $0 of the stock according to the SEC filing.
Here are a few additional firms who have increased or decreased their stake in (SHAK). As of quarter end Macquarie Group Ltd had sold a total of 3,612 shares trimming its stake by 77.6%. The value of the company’s investment in Shake Shack, Inc. Class A Commo decreased from $174,000 to $38,000 a change of 78.2% quarter over quarter. As of the end of the quarter Royal Bank Of Canada had acquired 1,390 shares growing its holdings by 1,263.6%. The value of the total investment in Shake Shack, Inc. Class A Commo went from $4,000 to $55,000 increasing 1,275.0% quarter to quarter.
As of quarter end Ifp Advisors, Inc had sold 75 shares trimming its position 3.5%. The value of the investment in (SHAK) went from $81,000 to $76,000 a change of $5,000 for the reporting period. As of quarter end Schwab Charles Investment Management Inc had bought a total of 15,265 shares growing its holdings by 97.3%. The value in dollars increased from $622,000 to $1,128,000 increasing 81.4% since the last quarter.
Wedbush released its first research report on the stock giving it an initial rating of “Underperform” and establishing a price target of $30.00. Equity analyst Buckingham Research initiated coverage with a rating of “Buy” and a price target of $45.00.
On March 30, 2016 the stock rating was set at “Buy” by Longbow Research up from the previous “Neutral” rating. March 8 investment analysts at Barclays maintained a stock rating of “Equal-weight” but lowered the price target to $40.00 from $48.00.
On January 19 the company was upgraded to “Outperform” from “Market Perform” by analysts at William Blair. On January 5 analysts at SunTrust Robinson Humphrey starting coverage on the stock with an initial rating of “Neutral” and setting a price target of $40.00.
The company is up from yesterday’s close of $35.36. The stock last traded at $35.59 which is just a bit below the 50 day moving average which is $36.06 and a tad under the 200 day moving average of $36.49. The 50 day moving average moved down $-0.47 and the 200 day average moved down $-0.90.
Shake Shack, Inc. Class A Commo’s P/E ratio is 87.88 and market cap is 852.49M. As of the latest earnings report the EPS was $0.41 and is expected to be $0.45 for the current year with 23,953,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.09 with next year’s EPS anticipated to be $0.56.