Shake Shack Inc (SHAK) A nticipated to Announce Revenue of $0.04 Per Share

Shake Shack Inc (SHAK) A nticipated to Announce Revenue of $0.04 Per Share

Equities research analysts expect that Shake Shack Inc (NYSE:SHAK) will report earnings of $0.04 per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Shake Shack’s earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at $0.10. Shake Shack reported earnings of $0.10 per share during the same quarter last year, which would indicate a negative year over year growth rate of 60%. The business is expected to report its next quarterly earnings results after the market closes on Monday, February 25th.

On average, analysts expect that Shake Shack will report full year earnings of $0.69 per share for the current fiscal year, with EPS estimates ranging from $0.63 to $0.74. For the next year, analysts anticipate that the business will report earnings of $0.71 per share, with EPS estimates ranging from $0.54 to $0.81. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Shake Shack.

A number of research firms recently weighed in on SHAK. Jefferies Financial Group upgraded shares of Shake Shack from an “underperform” rating to a “hold” rating and set a $45.08 target price on the stock in a research note on Wednesday, December 19th. They noted that the move was a valuation call. Stifel Nicolaus lowered their target price on shares of Shake Shack from $65.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, December 12th. Zacks Investment Research cut shares of Shake Shack from a “buy” rating to a “hold” rating in a research note on Thursday, November 8th. Longbow Research upgraded shares of Shake Shack from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Tuesday, November 6th. Finally, ValuEngine cut shares of Shake Shack from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $54.41.

In other Shake Shack news, Director Jeffrey Flug sold 37,054 shares of the business’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $53.54, for a total value of $1,983,871.16. Following the sale, the director now owns 4,415 shares in the company, valued at approximately $236,379.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Randall J. Garutti sold 25,000 shares of the business’s stock in a transaction on Wednesday, December 26th. The stock was sold at an average price of $42.23, for a total transaction of $1,055,750.00. Following the completion of the sale, the chief executive officer now owns 43,041 shares in the company, valued at approximately $1,817,621.43. The disclosure for this sale can be found here. In the last quarter, insiders sold 171,646 shares of company stock worth $8,710,268. Corporate insiders own 30.18% of the company’s stock.

Several institutional investors have recently bought and sold shares of SHAK. BlackRock Inc. increased its holdings in shares of Shake Shack by 30.4% in the 3rd quarter. BlackRock Inc. now owns 3,800,912 shares of the company’s stock worth $239,495,000 after buying an additional 886,216 shares during the last quarter. Wasatch Advisors Inc. bought a new stake in shares of Shake Shack in the 3rd quarter worth about $48,819,000. Vanguard Group Inc increased its holdings in shares of Shake Shack by 28.5% in the 3rd quarter. Vanguard Group Inc now owns 2,878,119 shares of the company’s stock worth $181,350,000 after buying an additional 638,875 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Shake Shack by 28.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,878,119 shares of the company’s stock worth $181,350,000 after buying an additional 638,875 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Shake Shack by 48.0% in the 3rd quarter. Renaissance Technologies LLC now owns 818,566 shares of the company’s stock worth $51,578,000 after buying an additional 265,366 shares during the last quarter. Hedge funds and other institutional investors own 82.50% of the company’s stock.

Shares of SHAK traded up $0.09 during trading hours on Friday, reaching $50.84. 319,189 shares of the stock traded hands, compared to its average volume of 639,585. Shake Shack has a 52-week low of $36.58 and a 52-week high of $70.12. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 89.19, a price-to-earnings-growth ratio of 3.21 and a beta of 1.40.

Shake Shack Company Profile

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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