Shake Shack (SHAK) Expected to Announce Quarterly Earnings on Thursday

Shake Shack (NYSE:SHAK) is expected to release its earnings data before the market opens on Thursday, February 20th. Analysts expect Shake Shack to post earnings of $0.25 per share and revenue of $329.02 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Shake Shack Stock Up 6.8 %

Shares of NYSE:SHAK opened at $115.80 on Wednesday. The business’s 50-day moving average is $123.34 and its 200-day moving average is $116.01. Shake Shack has a 1 year low of $77.50 and a 1 year high of $139.89. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 681.18 and a beta of 1.86.

Analyst Upgrades and Downgrades

SHAK has been the topic of a number of research reports. Oppenheimer upped their price target on Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Truist Financial dropped their price target on Shake Shack from $149.00 to $143.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Wedbush reaffirmed a “neutral” rating and set a $130.00 price target on shares of Shake Shack in a research note on Wednesday, January 15th. Gordon Haskett raised Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research note on Wednesday, January 8th. Finally, UBS Group upped their price target on Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $124.29.

Insider Activity

In other news, CFO Katherine Irene Fogertey sold 642 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total value of $88,281.42. Following the completion of the transaction, the chief financial officer now directly owns 30,717 shares of the company’s stock, valued at $4,223,894.67. This 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 hyperlink. 9.73% of the stock is currently owned by corporate insiders.

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, 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.