Shake Shack (SHAK) to Release Earnings on Thursday

Shake Shack (NYSE:SHAK) is set to release its earnings data after the market closes on Thursday, February 15th. Analysts expect Shake Shack to post earnings of $0.06 per share for the quarter.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Shake Shack had a net margin of 4.78% and a return on equity of 9.42%. The business had revenue of $94.60 million during the quarter, compared to the consensus estimate of $94.17 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The company’s revenue for the quarter was up 26.8% compared to the same quarter last year. On average, analysts expect Shake Shack to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Shake Shack (SHAK) opened at $39.87 on Thursday. Shake Shack has a 1 year low of $30.12 and a 1 year high of $47.39. The firm has a market cap of $1,469.53, a PE ratio of 64.31, a P/E/G ratio of 3.22 and a beta of 1.33.

A number of brokerages recently weighed in on SHAK. Barclays reaffirmed an “equal weight” rating and set a $49.00 price objective (up previously from $36.00) on shares of Shake Shack in a research report on Tuesday, January 16th. Morgan Stanley boosted their price objective on shares of Shake Shack from $32.00 to $34.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Wedbush reaffirmed a “hold” rating and set a $36.00 price objective on shares of Shake Shack in a research report on Thursday, November 2nd. Cowen boosted their target price on shares of Shake Shack from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Thursday, November 2nd. Finally, SunTrust Banks reissued a “buy” rating and set a $50.00 target price on shares of Shake Shack in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $38.94.

In other news, Director Daniel Harris Meyer sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $42.90, for a total value of $4,290,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Peggy Rubenzer sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $46.37, for a total transaction of $231,850.00. Following the completion of the sale, the senior vice president now directly owns 22,415 shares of the company’s stock, valued at $1,039,383.55. The disclosure for this sale can be found here. Insiders have sold a total of 1,040,107 shares of company stock valued at $44,052,928 over the last three months. 34.91% of the stock is currently owned by company insiders.

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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.

Earnings History for Shake Shack (NYSE:SHAK)

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