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SHAK

Shake Shack

$34.45

-0.22 (-0.63%)

17:44
10/03/16
10/03
17:44
10/03/16
17:44

Shake Shack Chairman, CEO adopt 10b5-1 stock trading plans

On August 16, Daniel Meyer, Chairman of the Board of Directors of Shake Shack, and, on August 23, Randall Garutti, CEO and a director of the Company, adopted stock trading plans under substantially similar terms as their previous trading plans, dated December 15, 2015, to sell shares of the company's Class A Common Stock, par value $0.001 per share, as part of their personal long-term financial planning. The trading plans are designed to comply with Rule 10b5-1 of the Securities and Exchange Act of 1934, as amended, and the company's insider trading compliance policy. Under Garutti's trading plan, he may sell up to 56,000 shares of Common Stock through March 31, 2017, which represent approximately 3.73% of his equity holdings (including vested and unvested options) in the company. On September 23, Garutti sold 8,000 out of the 56,000 shares available to sell under the trading plan. Under Meyer's trading plan, he may sell up to 300,000 shares of Common stock through March 31, 2017, which represent approximately 5.04% of his equity holdings (including vested and unvested options) in the company. Sales of shares of Common Stock under the trading plans are subject to certain minimum price conditions and maximum sale volume limitations.

SHAK Shake Shack
$34.45

-0.22 (-0.63%)

07/07/16
07/07/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Aflac (AFL) initiated with a Sell at Evercore ISI with analyst Thomas Gallagher saying the market is overly focused on the benefit of a stronger yen and not enough on the negative impact created by negative government yields in Japan. 2. Shake Shack (SHAK) initiated with an Underperform at Wedbush with analyst Nick Setyan saying he expects its valuation to continue to contract, given that the stock's current valuation implies a much larger sales opportunity than management's guidance. 3. Invivo Therapeutics (NVIV) initiated with a Strong Buy at Raymond James. 4. CBS (CBS) and Time Warner (TWX) initiated with a Buy at Brean Capital. 5. Disney (DIS), Viacom (VIA), and 21st Century Fox (FOX) initiated with a Hold at Brean Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/11/16
RHCO
08/11/16
UPGRADE
Target $48
RHCO
Buy
Shake Shack upgraded to Buy from Neutral at SunTrust
Suntrust upgraded Shake Shack to Buy and raised its price target to $48 from $45. Analyst Jake Bartlett said improved unit growth and its Q2 same-store-sales miss creates a buying opportunity. Shake Shack increased its 2016 unit growth target to 25 from 23 and also announced a licensed deal with HMS Host to open units in US airports. Bartlett expects further deals and said Shake Shack's industry leading unit growth story is getting stronger.
08/11/16
JEFF
08/11/16
NO CHANGE
Target $36
JEFF
Hold
Shake Shack shares likely range-bound in near-term, says Jefferies
Jefferies analyst Andy Barish expects Shake Shack shares to be range-bound near-term in the $30s after the company reported same-store-sales of 4.5%, not double digits. Increasing labor costs and investments make significant upside surprises less likely going forward, Barish tells investors in a post-earnings research note. He lowered his price target for the shares to $36 from $38 and keeps a Hold rating on the shares.
08/11/16
08/11/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Shake Shack (SHAK) upgraded to Buy from Neutral at SunTrust with analyst Jake Bartlett saying improved unit growth and its second quarter same-store sales miss creates a buying opportunity. 2. SeaWorld (SEAS) upgraded to Neutral from Underperform at Credit Suisse with analyst Benjamin Chalken citing recently lowered guidance, reset expectations, and balanced risk reward. 3. Cabot Oil & Gas (COG) upgraded to Outperform at Scotia Howard Weil with analyst Holly Stewart saying she expects infrastructure concerns will be reconciled by early 2018 with the inservice of 850 MMcf/d of contracted capacity and another 690 MMcf/d by early 2019. 4. American Eagle (AEO) upgraded to Buy from Hold at Wunderlich with analyst Eric Beder saying the company's momentum is "too strong" not to own the shares. 5. Nestle (NSRGY) upgraded to Buy from Hold at Societe Generale. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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BAC

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WATT

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ANTM

Anthem

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VRSN

VeriSign

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TPX

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VRX

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NTNX

Nutanix

$20.36

1.72 (9.23%)

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CE

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GS

Goldman Sachs

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COLB

Columbia Banking

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NFBK

Northfield Bancorp

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JetBlue

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