Shake Shack (NYSE:SHAK) posted its quarterly earnings data on Thursday. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04, Bloomberg Earnings reports. The company had revenue of $96.14 million for the quarter, compared to analyst estimates of $92.80 million. Shake Shack had a return on equity of 9.42% and a net margin of 4.78%. The business’s revenue was up 31.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 earnings per share.
Shake Shack (NYSE SHAK) traded down $3.18 during mid-day trading on Friday, hitting $38.03. The stock had a trading volume of 5,570,000 shares, compared to its average volume of 849,553. The company has a market capitalization of $1,400.00, a P/E ratio of 61.34, a P/E/G ratio of 3.19 and a beta of 1.33. Shake Shack has a 12 month low of $30.12 and a 12 month high of $47.39.
In other news, Director Daniel Harris Meyer sold 100,000 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $42.90, for a total transaction of $4,290,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan D. Sokoloff sold 522,867 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $40.32, for a total value of $21,081,997.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,034,707 shares of company stock valued at $43,848,268. 34.91% of the stock is currently owned by corporate insiders.
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About Shake Shack
Shake Shack Inc operates roadside burger stands. The Company serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. The Company’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard.
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