Zacks Research Expects Increased Earnings for Shake Shack

Shake Shack Inc. (NYSE:SHAK) – Analysts at Zacks Research raised their FY2024 earnings per share (EPS) estimates for shares of Shake Shack in a research note issued to investors on Tuesday, February 11th. Zacks Research analyst H. Ray now anticipates that the company will post earnings of $0.86 per share for the year, up from their prior forecast of $0.82. The consensus estimate for Shake Shack’s current full-year earnings is $0.90 per share. Zacks Research also issued estimates for Shake Shack’s Q4 2024 earnings at $0.21 EPS, Q1 2025 earnings at $0.20 EPS, Q2 2025 earnings at $0.38 EPS, Q3 2025 earnings at $0.34 EPS, Q4 2025 earnings at $0.32 EPS, FY2025 earnings at $1.24 EPS, Q1 2026 earnings at $0.29 EPS, Q2 2026 earnings at $0.46 EPS, Q3 2026 earnings at $0.44 EPS, Q4 2026 earnings at $0.42 EPS and FY2026 earnings at $1.61 EPS.

SHAK has been the subject of a number of other reports. Stifel Nicolaus decreased their price objective on Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a report on Friday, January 17th. Truist Financial decreased their price target on Shake Shack from $149.00 to $143.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. UBS Group lifted their price objective on shares of Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Wedbush reiterated a “neutral” rating and issued a $130.00 target price on shares of Shake Shack in a research report on Wednesday, January 15th. Finally, Barclays upgraded shares of Shake Shack from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $125.00 to $159.00 in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Shake Shack presently has a consensus rating of “Hold” and an average price target of $123.78.

Shake Shack Price Performance

Shares of NYSE:SHAK opened at $106.58 on Thursday. The firm’s 50 day moving average is $125.01 and its two-hundred day moving average is $115.44. The firm has a market capitalization of $4.53 billion, a P/E ratio of 626.94 and a beta of 1.86. The company has a current ratio of 2.01, a quick ratio of 1.98 and a debt-to-equity ratio of 0.51. Shake Shack has a 52 week low of $75.46 and a 52 week high of $139.89.

Insider Transactions at Shake Shack

In other news, CFO Katherine Irene Fogertey sold 642 shares of Shake Shack stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total value of $88,281.42. Following the transaction, the chief financial officer now directly owns 30,717 shares of the company’s stock, valued at $4,223,894.67. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 9.73% of the stock is owned by insiders.

Hedge Funds Weigh In On Shake Shack

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its position in shares of Shake Shack by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the company’s stock worth $2,518,000 after buying an additional 100 shares during the period. Quadrant Capital Group LLC boosted its position in Shake Shack by 5.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,870 shares of the company’s stock worth $243,000 after acquiring an additional 100 shares during the period. Thrivent Financial for Lutherans boosted its position in Shake Shack by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 31,398 shares of the company’s stock worth $3,241,000 after acquiring an additional 139 shares during the period. Summit Financial LLC grew its stake in Shake Shack by 1.1% during the 4th quarter. Summit Financial LLC now owns 13,083 shares of the company’s stock valued at $1,698,000 after acquiring an additional 139 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Shake Shack by 1.7% in the 4th quarter. Arizona State Retirement System now owns 11,024 shares of the company’s stock valued at $1,431,000 after purchasing an additional 182 shares during the period. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

About Shake Shack

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. The company was founded in 2001 and is headquartered in New York, New York.