Barclays maintains its ratings on the company despite the latest research report raising Shake Shack’s price target from $42 per share to $44 per share. The shares are rated “Equal-weight” by the agency.
Shake Shack has disclosed insider buying and selling activities to the Securities Exchange Commissions (SEC). Kochevar Karen — who owns 10% of the burger joint — sold 1,000 shares
at $68.38 on August 10, 2015.
The Insider selling transaction was worth a total of $68,380.
SHAK stock is down 5.7% Monday.
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