Wall Street analysts expect Shake Shack Inc (NYSE:SHAK) to post earnings per share of $0.22 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Shake Shack’s earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.24. Shake Shack posted earnings of $0.29 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 24.1%. The company is scheduled to announce its next earnings report on Thursday, August 1st.
According to Zacks, analysts expect that Shake Shack will report full year earnings of $0.58 per share for the current year, with EPS estimates ranging from $0.51 to $0.61. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.74 per share, with EPS estimates ranging from $0.63 to $0.86. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Shake Shack.
Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.13. Shake Shack had a return on equity of 9.64% and a net margin of 2.88%. The business had revenue of $132.60 million for the quarter, compared to the consensus estimate of $127.23 million. During the same quarter last year, the business posted $0.15 earnings per share. The company’s revenue for the quarter was up 33.7% on a year-over-year basis.
Several research analysts have recently commented on SHAK shares. Credit Suisse Group started coverage on Shake Shack in a report on Tuesday. They issued an “outperform” rating and a $77.00 price objective on the stock. SunTrust Banks lifted their price objective on Shake Shack to $70.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Zacks Investment Research downgraded Shake Shack from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Stifel Nicolaus lifted their price objective on Shake Shack from $45.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Finally, Morgan Stanley lifted their price objective on Shake Shack from $52.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $57.89.
NYSE SHAK traded up $2.85 during trading hours on Thursday, reaching $69.96. 812,567 shares of the stock traded hands, compared to its average volume of 680,610. The firm has a 50 day moving average price of $62.69. Shake Shack has a 1 year low of $40.67 and a 1 year high of $70.32. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.15 and a current ratio of 1.17. The firm has a market cap of $2.50 billion, a P/E ratio of 98.54, a price-to-earnings-growth ratio of 5.13 and a beta of 1.33.
In related news, Director Daniel Harris Meyer sold 65,068 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $59.84, for a total transaction of $3,893,669.12. Following the transaction, the director now owns 1,032 shares in the company, valued at approximately $61,754.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jonathan D. Sokoloff sold 86,212 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $58.92, for a total value of $5,079,611.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,064,923 shares of company stock worth $63,707,398. Company insiders own 21.85% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Squarepoint Ops LLC bought a new stake in Shake Shack during the 4th quarter valued at approximately $2,613,000. Geode Capital Management LLC boosted its position in Shake Shack by 9.0% during the 4th quarter. Geode Capital Management LLC now owns 262,094 shares of the company’s stock valued at $11,904,000 after acquiring an additional 21,649 shares in the last quarter. Blueshift Asset Management LLC bought a new stake in Shake Shack during the 4th quarter valued at approximately $1,439,000. Sapphire Star Partners LP boosted its position in Shake Shack by 2.8% during the 4th quarter. Sapphire Star Partners LP now owns 9,212 shares of the company’s stock valued at $419,000 after acquiring an additional 253 shares in the last quarter. Finally, Wasatch Advisors Inc. boosted its position in Shake Shack by 1.8% during the 1st quarter. Wasatch Advisors Inc. now owns 763,267 shares of the company’s stock valued at $45,147,000 after acquiring an additional 13,797 shares in the last quarter. Institutional investors own 84.37% of the company’s stock.
About Shake Shack
Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 26, 2018, it operated 208 Shacks, including 124 domestic company-operated Shacks, 12 domestic licensed Shacks, and 72 international licensed Shacks.
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