Brokerages forecast that Shake Shack Inc (NYSE:SHAK) will announce $0.04 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Shake Shack’s earnings, with estimates ranging from ($0.01) to $0.10. Shake Shack reported earnings of $0.10 per share in the same quarter last year, which suggests a negative year over year growth rate of 60%. The firm is scheduled to announce its next earnings report on Thursday, February 21st.
On average, analysts expect that Shake Shack will report full year earnings of $0.69 per share for the current financial year, with EPS estimates ranging from $0.63 to $0.74. For the next year, analysts expect that the business will report earnings of $0.73 per share, with EPS estimates ranging from $0.64 to $0.81. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Shake Shack.
Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Thursday, November 1st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08. The company had revenue of $119.65 million during the quarter, compared to analysts’ expectations of $116.81 million. Shake Shack had a net margin of 0.40% and a return on equity of 10.64%. The firm’s quarterly revenue was up 26.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.17 EPS.
Several brokerages have recently weighed in on SHAK. Zacks Investment Research raised shares of Shake Shack from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Wednesday, November 7th. Wedbush lowered their price target on shares of Shake Shack from $62.00 to $56.00 and set a “neutral” rating for the company in a research report on Friday, November 2nd. Barclays lowered their price target on shares of Shake Shack from $59.00 to $56.00 and set an “equal weight” rating for the company in a research report on Friday, November 2nd. ValuEngine cut shares of Shake Shack from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 2nd. Finally, SunTrust Banks lowered their price target on shares of Shake Shack to $60.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $54.50.
In related news, Director Equity Investors Vi L.P Green sold 250,000 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $59.36, for a total transaction of $14,840,000.00. Following the completion of the transaction, the director now owns 4,415 shares in the company, valued at approximately $262,074.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Equity Group L.P. Select sold 23,552 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $57.76, for a total transaction of $1,360,363.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,212,597 shares of company stock valued at $70,055,971. 30.18% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Shake Shack by 28.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,878,119 shares of the company’s stock worth $181,350,000 after acquiring an additional 638,875 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Shake Shack by 51.7% during the 3rd quarter. Legal & General Group Plc now owns 59,572 shares of the company’s stock worth $3,753,000 after acquiring an additional 20,312 shares in the last quarter. Teachers Advisors LLC increased its stake in Shake Shack by 2.8% during the 3rd quarter. Teachers Advisors LLC now owns 46,020 shares of the company’s stock valued at $2,900,000 after purchasing an additional 1,250 shares in the last quarter. AQR Capital Management LLC increased its stake in Shake Shack by 345.5% during the 3rd quarter. AQR Capital Management LLC now owns 17,715 shares of the company’s stock valued at $1,116,000 after purchasing an additional 13,739 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in Shake Shack by 15.0% during the 3rd quarter. Macquarie Group Ltd. now owns 621,204 shares of the company’s stock valued at $39,142,000 after purchasing an additional 81,186 shares in the last quarter. Hedge funds and other institutional investors own 92.24% of the company’s stock.
Shares of SHAK opened at $55.55 on Monday. Shake Shack has a fifty-two week low of $36.58 and a fifty-two week high of $70.12. The company has a market capitalization of $2.06 billion, a PE ratio of 97.46, a price-to-earnings-growth ratio of 3.60 and a beta of 1.36.
About Shake Shack
Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of October 9, 2018, it operated 180 locations in 26 U.S.
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