William Blair Has Strong Outlook for Shake Shack Q4 Earnings

Shake Shack Inc. (NYSE:SHAK - Free Report) - Investment analysts at William Blair upped their Q4 2024 earnings per share estimates for shares of Shake Shack in a report issued on Monday, January 13th. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of $0.24 for the quarter, up from their previous estimate of $0.12. The consensus estimate for Shake Shack's current full-year earnings is $0.82 per share.

Shake Shack (NYSE:SHAK - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.05. The company had revenue of $316.92 million during the quarter, compared to analysts' expectations of $316.03 million. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. The firm's revenue was up 14.7% compared to the same quarter last year. During the same period last year, the business posted $0.17 earnings per share.

Several other research firms also recently issued reports on SHAK. TD Cowen reissued a "buy" rating and issued a $125.00 target price on shares of Shake Shack in a research report on Wednesday, September 18th. Barclays upgraded shares of Shake Shack from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $125.00 to $159.00 in a research note on Tuesday, January 7th. UBS Group boosted their target price on shares of Shake Shack from $130.00 to $140.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Gordon Haskett raised Shake Shack from a "hold" rating to a "buy" rating and set a $154.00 price target on the stock in a research report on Wednesday, January 8th. Finally, Wedbush reissued a "neutral" rating and issued a $130.00 price objective on shares of Shake Shack in a report on Wednesday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Shake Shack currently has an average rating of "Hold" and an average target price of $124.78.

Shake Shack Stock Performance

Shake Shack stock traded up $0.24 during mid-day trading on Thursday, reaching $117.09. 1,593,335 shares of the company traded hands, compared to its average volume of 1,439,163. Shake Shack has a fifty-two week low of $64.16 and a fifty-two week high of $139.89. The firm's fifty day moving average is $129.29 and its two-hundred day moving average is $111.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 688.74, a price-to-earnings-growth ratio of 1.91 and a beta of 1.86.

Insider Buying and Selling at Shake Shack

In related news, CFO Katherine Irene Fogertey sold 642 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total value of $88,281.42. Following the completion of the transaction, the chief financial officer now directly owns 30,717 shares of the company's stock, valued at approximately $4,223,894.67. This represents a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel Harris Meyer sold 30,000 shares of Shake Shack stock in a transaction on Friday, November 1st. The stock was sold at an average price of $121.79, for a total transaction of $3,653,700.00. Following the sale, the director now directly owns 407,646 shares in the company, valued at approximately $49,647,206.34. This trade represents a 6.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 53,333 shares of company stock valued at $6,566,330 over the last ninety days. Corporate insiders own 9.73% of the company's stock.

Hedge Funds Weigh In On Shake Shack

Hedge funds and other institutional investors have recently modified their holdings of the business. Harbor Investment Advisory LLC acquired a new stake in Shake Shack in the 4th quarter valued at about $149,000. Cascade Investment Group Inc. purchased a new stake in shares of Shake Shack in the fourth quarter valued at approximately $221,000. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Shake Shack in the fourth quarter valued at approximately $871,000. Assenagon Asset Management S.A. lifted its position in Shake Shack by 45.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 152,264 shares of the company's stock worth $19,764,000 after buying an additional 47,906 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in Shake Shack by 4.3% during the fourth quarter. Nordea Investment Management AB now owns 76,884 shares of the company's stock worth $10,049,000 after buying an additional 3,186 shares during the last quarter. 86.07% of the stock is owned by hedge funds and other institutional investors.

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, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. The company was founded in 2001 and is headquartered in New York, New York.