Bank Hapoalim BM Sells 2,512 Shares of Shake Shack Inc. (NYSE:SHAK)

Bank Hapoalim BM lowered its position in shares of Shake Shack Inc. (NYSE:SHAK) by 14.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,353 shares of the company’s stock after selling 2,512 shares during the quarter. Bank Hapoalim BM’s holdings in Shake Shack were worth $1,481,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Shake Shack in the first quarter valued at $25,000. Quest Partners LLC bought a new stake in Shake Shack in the 2nd quarter valued at about $38,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Shake Shack during the third quarter valued at about $41,000. Kimelman & Baird LLC purchased a new position in shares of Shake Shack in the second quarter worth about $45,000. Finally, Covestor Ltd raised its position in shares of Shake Shack by 32,150.0% in the first quarter. Covestor Ltd now owns 645 shares of the company’s stock valued at $67,000 after purchasing an additional 643 shares during the period. Institutional investors own 86.07% of the company’s stock.

Shake Shack Stock Up 1.6 %

SHAK traded up $1.98 during midday trading on Thursday, reaching $124.45. The company’s stock had a trading volume of 56,721 shares, compared to its average volume of 936,403. The stock’s 50-day moving average is $105.26 and its 200-day moving average is $98.32. Shake Shack Inc. has a 1 year low of $54.06 and a 1 year high of $130.20. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 222.55, a PEG ratio of 3.23 and a beta of 1.83. The company has a current ratio of 2.06, a quick ratio of 2.03 and a debt-to-equity ratio of 0.51.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.05. The firm had revenue of $316.92 million during the quarter, compared to the consensus estimate of $316.03 million. Shake Shack had a return on equity of 5.63% and a net margin of 2.23%. The company’s revenue was up 14.7% on a year-over-year basis. During the same period last year, the company earned $0.17 earnings per share. As a group, research analysts expect that Shake Shack Inc. will post 0.74 EPS for the current year.

Insider Activity

In other news, Director Jeffrey Flug sold 304 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $90.39, for a total transaction of $27,478.56. Following the transaction, the director now directly owns 3,347 shares of the company’s stock, valued at $302,535.33. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Shake Shack news, CFO Katherine Irene Fogertey sold 321 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $95.10, for a total transaction of $30,527.10. Following the completion of the sale, the chief financial officer now directly owns 37,143 shares of the company’s stock, valued at approximately $3,532,299.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey Flug sold 304 shares of Shake Shack stock in a transaction on Monday, August 5th. The stock was sold at an average price of $90.39, for a total transaction of $27,478.56. Following the transaction, the director now owns 3,347 shares in the company, valued at $302,535.33. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,330 shares of company stock valued at $2,429,690 over the last three months. Insiders own 9.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SHAK. Bank of America boosted their target price on Shake Shack from $104.00 to $116.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Truist Financial restated a “buy” rating and issued a $127.00 price objective on shares of Shake Shack in a research report on Wednesday, August 28th. Wedbush reiterated a “neutral” rating and set a $90.00 target price on shares of Shake Shack in a research report on Thursday, August 1st. Barclays increased their price target on shares of Shake Shack from $110.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $115.00 price objective on shares of Shake Shack in a report on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Shake Shack has an average rating of “Hold” and an average target price of $108.50.

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.