Wall Street analysts expect that Shake Shack, Inc. (NYSE:SHAK) will announce earnings of $0.17 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Shake Shack’s earnings. The highest EPS estimate is $0.18 and the lowest is $0.15. Shake Shack reported earnings of $0.14 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 21.4%. The company is scheduled to issue its next earnings results on Wednesday, August 9th.
On average, analysts expect that Shake Shack will report full year earnings of $0.50 per share for the current fiscal year, with EPS estimates ranging from $0.46 to $0.53. For the next financial year, analysts expect that the firm will report earnings of $0.60 per share, with EPS estimates ranging from $0.51 to $0.66. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Shake Shack.
Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, May 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. Shake Shack had a net margin of 4.55% and a return on equity of 7.15%. The business had revenue of $76.70 million during the quarter, compared to analyst estimates of $74.71 million. During the same period in the prior year, the business earned $0.08 earnings per share. The business’s quarterly revenue was up 41.5% on a year-over-year basis.
SHAK has been the topic of a number of research reports. Wedbush raised shares of Shake Shack from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $30.00 to $33.00 in a research report on Monday, March 20th. Piper Jaffray Companies initiated coverage on shares of Shake Shack in a research report on Wednesday, May 24th. They issued an “overweight” rating and a $44.00 price objective on the stock. Zacks Investment Research lowered shares of Shake Shack from a “hold” rating to a “sell” rating in a research report on Tuesday, March 7th. Goldman Sachs Group, Inc. (The) cut their price objective on shares of Shake Shack from $34.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, April 6th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and issued a $49.00 price objective on shares of Shake Shack in a research report on Sunday, March 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $37.95.
Shake Shack (NYSE SHAK) traded up 1.08% during mid-day trading on Friday, reaching $38.31. 553,141 shares of the company traded hands. Shake Shack has a one year low of $30.36 and a one year high of $42.94. The stock’s 50-day moving average price is $36.89 and its 200-day moving average price is $35.41. The firm has a market cap of $986.75 million, a PE ratio of 71.21 and a beta of 1.31.
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In other Shake Shack news, COO Zach Koff sold 5,000 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $38.00, for a total transaction of $190,000.00. Following the sale, the chief operating officer now directly owns 8,978 shares of the company’s stock, valued at $341,164. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Randall J. Garutti sold 8,000 shares of the company’s stock in a transaction on Monday, March 27th. The stock was sold at an average price of $32.23, for a total transaction of $257,840.00. Following the sale, the chief executive officer now directly owns 20,213 shares in the company, valued at $651,464.99. The disclosure for this sale can be found here. Insiders have sold 470,307 shares of company stock worth $16,979,214 over the last ninety days. Insiders own 44.69% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in SHAK. FNY Partners Fund LP bought a new position in Shake Shack during the first quarter valued at approximately $100,000. BNP Paribas Arbitrage SA increased its position in Shake Shack by 206.3% in the first quarter. BNP Paribas Arbitrage SA now owns 3,666 shares of the company’s stock valued at $122,000 after buying an additional 2,469 shares in the last quarter. Victory Capital Management Inc. increased its position in Shake Shack by 109.7% in the first quarter. Victory Capital Management Inc. now owns 3,715 shares of the company’s stock valued at $124,000 after buying an additional 1,943 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in Shake Shack during the first quarter valued at approximately $137,000. Finally, Teachers Retirement System of The State of Kentucky bought a new position in Shake Shack during the first quarter valued at approximately $137,000. Hedge funds and other institutional investors own 97.46% of the company’s stock.
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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