Shake Shack, Inc. (SHAK) to Release Earnings on Tuesday
Shake Shack, Inc. (NYSE:SHAK) will post its quarterly earnings results after the market closes on Tuesday, November 7th. Analysts expect Shake Shack to post earnings of $0.15 per share for the quarter.
Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.04. The business had revenue of $91.30 million during the quarter, compared to analyst estimates of $89.00 million. Shake Shack had a net margin of 4.70% and a return on equity of 8.71%. Shake Shack’s quarterly revenue was up 37.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 EPS. On average, analysts expect Shake Shack to post $0.52 EPS for the current fiscal year and $0.59 EPS for the next fiscal year.
Shares of Shake Shack, Inc. (SHAK) opened at 36.78 on Tuesday. The firm’s 50-day moving average is $33.43 and its 200-day moving average is $33.43. The company has a market cap of $955.58 million, a price-to-earnings ratio of 64.08 and a beta of 1.33. Shake Shack, Inc. has a 52 week low of $30.12 and a 52 week high of $39.70.
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In related news, CEO Randall J. Garutti sold 8,000 shares of Shake Shack stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $35.62, for a total value of $284,960.00. Following the completion of the sale, the chief executive officer now directly owns 18,961 shares in the company, valued at approximately $675,390.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Equity Group L.P. Select sold 19,452 shares of Shake Shack stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $32.01, for a total value of $622,658.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 142,452 shares of company stock valued at $4,507,321. 34.91% of the stock is owned by insiders.
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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