A Major Shareholder at Shake Shack (NYSE: SHAK) is Selling Shares

By George MacDonald

Today, a Major Shareholder at Shake Shack (NYSE: SHAK), Karen Kochevar, sold shares of SHAK for $471.1k.

In addition to Karen Kochevar, 30 other SHAK executives reported Sell trades in the last month. Over the last month, Karen Kochevar has reported 4 Sell trades on SHAK for a total of $5.33M.

Based on Shake Shack`s latest earnings report from September 30, the company posted quarterly revenue of $53.27M and quarterly net profit of $1.53M. In comparison, last year the company earned revenue of $34.77M and had a GAAP net loss of $1.43M. The company has a one year high of $96.75 and a one year low of $37.60. Currently, Shake Shack has an average volume of 390.8k.

Four different firms, including Cowen & Co. and Goldman Sachs, currently also have a Sell rating on the stock.

Looking at blogger coverage of SHAK, there is a 53% Bearish tendency on the stock, in relation to a 68% average bullish tendency within the Service sector.

In the last 30 days, insiders have sold $75.6M worth of SHAK shares and purchased $7.33M worth of SHAK shares. Over the last 3 months, the insider sentiment on Shake Shack has been negative based on 173 corporate insider transactions. This sentiment is lower than the average sector sentiment of insiders.

Shake Shack Inc is a roadside burger stand. The Company along with its subsidiaries operates and licenses restaurants in the food service industry, serving hamburgers, hot dogs, crinkle-cut fries, shakes, frozen custard, beer and wine.