$0.04 EPS Expected for Shake Shack Inc (SHAK) This Quarter

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Wall Street brokerages expect Shake Shack Inc (NYSE:SHAK) to announce earnings per share of $0.04 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Shake Shack’s earnings. The highest EPS estimate is $0.10 and the lowest is ($0.01). Shake Shack posted earnings per share of $0.10 during the same quarter last year, which would suggest a negative year over year growth rate of 60%. The firm is scheduled to report its next earnings results on Thursday, February 21st.

On average, analysts expect that Shake Shack will report full year earnings of $0.69 per share for the current financial year, with EPS estimates ranging from $0.63 to $0.74. For the next year, analysts expect that the business will post earnings of $0.73 per share, with EPS estimates ranging from $0.64 to $0.81. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Shake Shack.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, November 1st. The company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.08. The company had revenue of $119.65 million during the quarter, compared to the consensus estimate of $116.81 million. Shake Shack had a return on equity of 10.64% and a net margin of 0.40%. Shake Shack’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.

A number of equities analysts have commented on SHAK shares. ValuEngine cut Shake Shack from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 2nd. SunTrust Banks decreased their price target on Shake Shack to $60.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Zacks Investment Research raised Shake Shack from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Wednesday, November 7th. Longbow Research raised Shake Shack from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Tuesday, November 6th. Finally, Barclays decreased their price target on Shake Shack from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Friday, November 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $54.50.

NYSE:SHAK traded down $1.54 during mid-day trading on Monday, reaching $47.93. The stock had a trading volume of 614,860 shares, compared to its average volume of 700,886. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 84.09, a PEG ratio of 3.20 and a beta of 1.37. Shake Shack has a one year low of $36.58 and a one year high of $70.12.

In related news, Director Jonathan D. Sokoloff sold 500,000 shares of Shake Shack stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $57.15, for a total transaction of $28,575,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Equity Group L.P. Select sold 57,404 shares of Shake Shack stock in a transaction on Tuesday, October 23rd. The shares were sold at an average price of $53.56, for a total transaction of $3,074,558.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 826,669 shares of company stock valued at $46,639,889. Corporate insiders own 30.18% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Shake Shack by 28.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,878,119 shares of the company’s stock valued at $181,350,000 after acquiring an additional 638,875 shares in the last quarter. Legal & General Group Plc increased its position in shares of Shake Shack by 51.7% in the 3rd quarter. Legal & General Group Plc now owns 59,572 shares of the company’s stock worth $3,753,000 after purchasing an additional 20,312 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Shake Shack by 2.8% in the 3rd quarter. Teachers Advisors LLC now owns 46,020 shares of the company’s stock worth $2,900,000 after purchasing an additional 1,250 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Shake Shack by 345.5% in the 3rd quarter. AQR Capital Management LLC now owns 17,715 shares of the company’s stock worth $1,116,000 after purchasing an additional 13,739 shares during the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of Shake Shack by 15.0% in the 3rd quarter. Macquarie Group Ltd. now owns 621,204 shares of the company’s stock worth $39,142,000 after purchasing an additional 81,186 shares during the last quarter. Institutional investors and hedge funds own 82.35% of the company’s stock.

Shake Shack Company Profile

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 October 9, 2018, it operated 180 locations in 26 U.S.

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Earnings History and Estimates for Shake Shack (NYSE:SHAK)

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