FY2024 Earnings Forecast for Shake Shack Issued By Wedbush

Shake Shack Inc. (NYSE:SHAK - Free Report) - Analysts at Wedbush raised their FY2024 earnings per share (EPS) estimates for Shake Shack in a research note issued to investors on Wednesday, January 15th. Wedbush analyst N. Setyan now forecasts that the company will post earnings per share of $0.90 for the year, up from their prior estimate of $0.80. Wedbush currently has a "Neutral" rating and a $130.00 target price 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 Q2 2025 earnings at $0.34 EPS, Q4 2025 earnings at $0.32 EPS and FY2025 earnings at $1.26 EPS.

Several other equities research analysts have also recently commented on SHAK. Truist Financial lowered their target price on Shake Shack from $149.00 to $143.00 and set a "buy" rating for the company in a research note on Tuesday. TD Cowen reiterated a "buy" rating and issued a $125.00 price objective on shares of Shake Shack in a research report on Wednesday, September 18th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $102.00 price objective (down from $105.00) on shares of Shake Shack in a report on Tuesday, September 24th. Stifel Nicolaus raised their target price on shares of Shake Shack from $115.00 to $128.00 and gave the company a "hold" rating in a research note on Friday, January 10th. Finally, Barclays upgraded shares of Shake Shack from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $125.00 to $159.00 in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Shake Shack currently has a consensus rating of "Hold" and a consensus target price of $124.78.

Shake Shack Trading Up 0.2 %

SHAK stock traded up $0.24 during trading on Thursday, hitting $117.09. The company had a trading volume of 1,593,335 shares, compared to its average volume of 1,439,163. The firm has a 50-day moving average price of $129.29 and a 200-day moving average price of $111.00. Shake Shack has a 12 month low of $64.16 and a 12 month high of $139.89. The company has a quick ratio of 1.98, a current ratio of 2.01 and a debt-to-equity ratio of 0.51. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 688.74, a PEG ratio of 1.91 and a beta of 1.86.

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

Insider Buying and Selling

In other news, Director Daniel Harris Meyer sold 30,000 shares of the company's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $121.79, for a total value of $3,653,700.00. Following the completion of the transaction, the director now owns 407,646 shares in the company, valued at $49,647,206.34. This represents a 6.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $88,281.42. Following the sale, the chief financial officer now directly owns 30,717 shares of the company's stock, valued at $4,223,894.67. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,333 shares of company stock valued at $6,566,330. 9.73% of the stock is owned by company insiders.

Hedge Funds Weigh In On Shake Shack

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quest Partners LLC acquired a new stake in shares of Shake Shack in the 2nd quarter valued at about $38,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Shake Shack in the third quarter valued at approximately $41,000. Kimelman & Baird LLC bought a new stake in shares of Shake Shack in the second quarter worth $45,000. Covestor Ltd boosted its holdings in Shake Shack by 41.6% during the third quarter. Covestor Ltd now owns 698 shares of the company's stock worth $72,000 after purchasing an additional 205 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Shake Shack by 56.3% in the fourth quarter. GAMMA Investing LLC now owns 736 shares of the company's stock valued at $96,000 after purchasing an additional 265 shares in the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

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.