A company insider recently sold 3,900 shares of Shake Shack Inc. [SHAK]. Should You also Consider to Sale?

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ZOM Stock

Shake Shack Inc.’s recent filing unveils that its Chief Operating Officer Koff Zach unloaded Company’s shares for reported $0.21 million on Oct 28. In the deal valued at $55.00 per share,3,900 shares were sold. As a result of this transaction, Koff Zach now holds 31,085 shares worth roughly $ 1.46 million.


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Then, Koff Zach sold 5,000 shares, generating $225,000 in total proceeds. Upon selling the shares at $45.00, the Chief Operating Officer now owns 31,085 shares.

Before that, Meyer Daniel Harris bought 21,000 shares. Shake Shack Inc. shares valued at $831,235 were divested by the Director at a price of $39.58 per share. As a result of the transaction, Meyer Daniel Harris now holds 576,364 shares, worth roughly $27.1 million.

Gordon Haskett initiated its Shake Shack Inc. [SHAK] rating to a Hold in a research note published on Friday, July 19, 2022; the price target was $50. PT values the company’s stock at a premium of 5.96 to its Friday closing price. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in mid May from “an Underperform” to “a Mkt perform”. Northcoast also remained covering SHAK and has increased its forecast on May 16, 2022 with a “Buy” recommendation from previously “Neutral” rating. UBS started covering the stock on December 03, 2021. It rated SHAK as “a Neutral”.

Price Performance Review of SHAK

On Friday, Shake Shack Inc. [NYSE:SHAK] saw its stock fall -1.32% to $47.02. On the same session, the stock had its day’s lowest price of $45.51, but rose to a high of $49.20. Over the last five days, the stock has lost -15.76%. Shake Shack Inc. shares have fallen nearly -34.84% since the year began. Nevertheless, the stocks have fallen -39.78% over the past one year. While a 52-week high of $100.85 was reached on 01/11/22, a 52-week low of $37.72 was recorded on 06/16/22. SMA at 50 days reached $48.70, while 200 days put it at $54.13. A total of 1.33 million shares were traded, compared to the trading of 1.23 million shares in the previous session.

Levels Of Support And Resistance For SHAK Stock

The 24-hour chart illustrates a support level at 45.29, which if violated will result in even more drops to 43.55. On the upside, there is a resistance level at 48.98. A further resistance level may holdings at 50.93. The Relative Strength Index (RSI) on the 14-day chart is 42.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.66%. Stochastics %K at 20.83% indicates the stock is a holding.

How much short interest is there in Shake Shack Inc.?

A steep rise in short interest was recorded in Shake Shack Inc. stocks on Jul 14, 2022, growing by 0.25 million shares to a total of 4.29 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 4.04 million shares. There was a rise of 5.83%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 16.08% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.34.

Shake Shack Inc. [SHAK] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 5,912,785 shares, or roughly 15.06% of the outstanding SHAK shares. In other words, the investor’s shares have risen by 98,318 from its previous 13-F filing of 5814467.0. Additionally, Fred Alger Management LLC increased 69.69% of its stake after which the total value it holdings stand at $231,798,223, while The Vanguard Group, Inc. reduced -5.61% of its stake to hold $168.65 million in the firm. Over the last quarter, 12 West Capital Management LP sold -1,425 shares of Shake Shack Inc., while Gilder, Gagnon, Howe & Co. LLC sold -491,857 shares. At present, SSgA Funds Management, Inc. is holding 1,281,413 shares valued at $57.64 million. Van Berkom & Associates, Inc. owned 1,047,116 shares of the company at the time of its most recent 13F filing, worth $47.1 million.

According to FactSet, Shake Shack Inc.’s share price will average $54.89 in the next year, based on opinions of analysts polled by the firm. This is up nearly 15.42 percent from its previous closing price of $47.65. Analysts expect Shake Shack Inc. stock to reach the higher price of $69.00, while the lowest price estimate is $45.00. However, 22 analysts have rated SHAK stock as an Overweight in their predictions for 2022.

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