Shake Shack (SHAK) Announces Earnings Results

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.

A number of equities analysts have commented on SHAK shares. BidaskClub raised Shake Shack from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Wedbush reissued a “hold” rating and issued a $36.00 price objective on shares of Shake Shack in a research note on Thursday, November 2nd. Cowen boosted their price objective on Shake Shack from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Thursday, November 2nd. Morgan Stanley boosted their price objective on Shake Shack from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 2nd. Finally, Barclays boosted their price objective on Shake Shack from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Shake Shack presently has a consensus rating of “Hold” and an average price target of $39.12.

TRADEMARK VIOLATION NOTICE: “Shake Shack (SHAK) Announces Earnings Results” was first published by BBNS and is owned by of BBNS. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://baseballnewssource.com/markets/shake-shack-shak-announces-earnings-results/1887064.html.

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.

Earnings History for Shake Shack (NYSE:SHAK)

Receive News & Ratings for Shake Shack Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shake Shack and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped


Leave a Reply

 
© 2006-2018 BBNS.