Wedbush Issues Positive Forecast for Shake Shack Earnings

Shake Shack Inc. (NYSE:SHAK - Free Report) - Investment analysts at Wedbush boosted their Q4 2024 EPS estimates for Shake Shack in a report issued on Wednesday, January 15th. Wedbush analyst N. Setyan now expects that the company will earn $0.24 per share for the quarter, up from their prior forecast of $0.15. Wedbush has a "Neutral" rating and a $130.00 price objective on the stock. The consensus estimate for Shake Shack's current full-year earnings is $0.82 per share. Wedbush also issued estimates for Shake Shack's Q1 2025 earnings at $0.25 EPS and Q3 2025 earnings at $0.35 EPS.

Several other analysts have also weighed in on SHAK. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $102.00 price objective (down from $105.00) on shares of Shake Shack in a research note on Tuesday, September 24th. Barclays raised shares of Shake Shack from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $125.00 to $159.00 in a report on Tuesday, January 7th. UBS Group upped their price objective on shares of Shake Shack from $130.00 to $140.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Truist Financial cut their target price on shares of Shake Shack from $149.00 to $143.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, Oppenheimer upped their price target on shares of Shake Shack from $145.00 to $155.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $123.78.

Shake Shack Price Performance

Shares of SHAK traded down $1.64 during midday trading on Friday, hitting $115.25. The company's stock had a trading volume of 1,722,713 shares, compared to its average volume of 1,464,947. The company has a quick ratio of 1.98, a current ratio of 2.01 and a debt-to-equity ratio of 0.51. Shake Shack has a one year low of $66.06 and a one year high of $139.89. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 677.94, a price-to-earnings-growth ratio of 1.91 and a beta of 1.86. The company's fifty day simple moving average is $128.97 and its two-hundred day simple moving average is $111.20.

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

Institutional Investors Weigh In On Shake Shack

Several large investors have recently added to or reduced their stakes in SHAK. Point72 Asset Management L.P. lifted its stake in Shake Shack by 154.8% in the third quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company's stock valued at $67,157,000 after buying an additional 395,311 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Shake Shack in the 3rd quarter valued at $39,677,000. Holocene Advisors LP lifted its position in shares of Shake Shack by 68.3% during the 3rd quarter. Holocene Advisors LP now owns 946,350 shares of the company's stock valued at $97,673,000 after acquiring an additional 384,131 shares during the period. Marshall Wace LLP boosted its stake in Shake Shack by 101.2% during the second quarter. Marshall Wace LLP now owns 544,336 shares of the company's stock worth $48,990,000 after acquiring an additional 273,822 shares in the last quarter. Finally, Armistice Capital LLC grew its holdings in Shake Shack by 69.1% in the second quarter. Armistice Capital LLC now owns 579,904 shares of the company's stock worth $52,191,000 after purchasing an additional 236,950 shares during the period. Institutional investors and hedge funds own 86.07% of the company's stock.

Insider Transactions at Shake Shack

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

About Shake Shack

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.