Shake Shack (NYSE:SHAK - Get Free Report) is expected to release its earnings data before the market opens on Thursday, February 20th. Analysts expect Shake Shack to post earnings of $0.25 per share and revenue of $329.02 million for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.
Shake Shack Trading Down 0.5 %
Shake Shack stock traded down $0.58 during mid-day trading on Friday, hitting $108.68. The company's stock had a trading volume of 1,399,812 shares, compared to its average volume of 1,222,891. The firm has a market capitalization of $4.62 billion, a PE ratio of 639.27 and a beta of 1.86. Shake Shack has a 1 year low of $77.50 and a 1 year high of $139.89. The company has a current ratio of 2.01, a quick ratio of 1.98 and a debt-to-equity ratio of 0.51. The stock's fifty day moving average is $123.84 and its two-hundred day moving average is $115.97.
Insider Buying and Selling at Shake Shack
In other Shake Shack news, CFO Katherine Irene Fogertey sold 642 shares of the firm's 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 sale, the chief financial officer now directly owns 30,717 shares in the company, valued at $4,223,894.67. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.73% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on SHAK. Stifel Nicolaus lowered their price objective on Shake Shack from $128.00 to $110.00 and set a "hold" rating for the company in a research report on Friday, January 17th. Barclays upgraded Shake Shack from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $125.00 to $159.00 in a research report on Tuesday, January 7th. Wedbush restated a "neutral" rating and set a $130.00 price target on shares of Shake Shack in a research report on Wednesday, January 15th. Oppenheimer raised their price target on Shake Shack from $145.00 to $155.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Finally, Truist Financial lowered their price target on Shake Shack from $149.00 to $143.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Shake Shack currently has an average rating of "Hold" and a consensus target price of $123.78.
Read Our Latest Research Report on Shake Shack
About Shake Shack
(
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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.
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