$0.16 Earnings Per Share Expected for Shake Shack, Inc. (SHAK) This Quarter
Brokerages expect that Shake Shack, Inc. (NYSE:SHAK) will report earnings per share (EPS) of $0.16 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Shake Shack’s earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.18. Shake Shack reported earnings per share of $0.15 in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.7%. The business is expected to report its next quarterly earnings results on Wednesday, November 8th.
According to Zacks, analysts expect that Shake Shack will report full year earnings of $0.52 per share for the current fiscal year, with EPS estimates ranging from $0.50 to $0.54. For the next year, analysts anticipate that the business will post earnings of $0.61 per share, with EPS estimates ranging from $0.55 to $0.65. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Shake Shack.
Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The company had revenue of $91.30 million for the quarter, compared to the consensus estimate of $89 million. Shake Shack had a return on equity of 8.71% and a net margin of 4.70%. The company’s quarterly revenue was up 37.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 earnings per share.
A number of equities analysts have recently commented on the company. Wedbush upgraded Shake Shack from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $33.00 to $43.00 in a research note on Thursday, May 18th. ValuEngine upgraded Shake Shack from a “sell” rating to a “hold” rating in a research note on Friday, May 19th. Barclays PLC dropped their price objective on Shake Shack from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, August 4th. Vetr upgraded Shake Shack from a “buy” rating to a “strong-buy” rating and set a $42.33 price objective on the stock in a research note on Wednesday, June 14th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating on shares of Shake Shack in a research note on Monday, August 21st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $37.60.
In related news, SVP Peggy Rubenzer sold 7,000 shares of Shake Shack stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $32.17, for a total transaction of $225,190.00. Following the sale, the senior vice president now directly owns 24,415 shares of the company’s stock, valued at $785,430.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jeffrey Flug sold 16,531 shares of Shake Shack stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $31.17, for a total value of $515,271.27. Following the sale, the director now directly owns 4,415 shares in the company, valued at $137,615.55. The disclosure for this sale can be found here. Over the last three months, insiders have sold 112,783 shares of company stock worth $3,666,068. 34.91% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. boosted its holdings in Shake Shack by 0.3% during the second quarter. Alps Advisors Inc. now owns 15,588 shares of the company’s stock valued at $544,000 after purchasing an additional 41 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in Shake Shack by 6.8% during the second quarter. Municipal Employees Retirement System of Michigan now owns 4,380 shares of the company’s stock valued at $153,000 after purchasing an additional 280 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Shake Shack by 4.1% during the second quarter. Louisiana State Employees Retirement System now owns 7,600 shares of the company’s stock valued at $265,000 after purchasing an additional 300 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Shake Shack by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 101,162 shares of the company’s stock valued at $3,529,000 after purchasing an additional 320 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in Shake Shack by 4.3% during the second quarter. Arizona State Retirement System now owns 9,700 shares of the company’s stock valued at $338,000 after purchasing an additional 400 shares in the last quarter. 97.46% of the stock is currently owned by institutional investors.
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Shake Shack (NYSE:SHAK) traded up 0.75% during midday trading on Friday, reaching $30.89. The company’s stock had a trading volume of 647,547 shares. The firm has a market cap of $802.55 million, a P/E ratio of 53.82 and a beta of 1.30. The firm has a 50 day moving average price of $32.15 and a 200-day moving average price of $34.27. Shake Shack has a 52 week low of $30.12 and a 52 week high of $39.70.
Shake Shack Company Profile
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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