FY2024 EPS Estimates for Shake Shack Increased by Analyst

Shake Shack Inc. (NYSE:SHAK - Free Report) - Zacks Research upped their FY2024 EPS estimates for shares of Shake Shack in a research note issued to investors on Wednesday, November 13th. Zacks Research analyst H. Ray now expects that the company will post earnings per share of $0.81 for the year, up from their previous estimate of $0.72. The consensus estimate for Shake Shack's current full-year earnings is $0.82 per share. Zacks Research also issued estimates for Shake Shack's Q4 2024 earnings at $0.16 EPS, Q1 2025 earnings at $0.18 EPS, Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.30 EPS, Q4 2025 earnings at $0.25 EPS, FY2025 earnings at $1.07 EPS, Q1 2026 earnings at $0.25 EPS, Q2 2026 earnings at $0.41 EPS, Q3 2026 earnings at $0.38 EPS and FY2026 earnings at $1.33 EPS.

SHAK has been the subject of a number of other research reports. Capital One Financial started coverage on shares of Shake Shack in a research note on Monday, July 29th. They set an "overweight" rating and a $95.00 target price for the company. Robert W. Baird lifted their target price on shares of Shake Shack from $93.00 to $105.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. Barclays lifted their target price on shares of Shake Shack from $115.00 to $125.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Truist Financial lifted their target price on shares of Shake Shack from $127.00 to $144.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group lifted their price target on shares of Shake Shack from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $112.94.

Shake Shack Trading Down 4.1 %

Shares of SHAK stock traded down $5.02 during trading hours on Monday, hitting $116.51. 577,477 shares of the company's stock traded hands, compared to its average volume of 941,646. Shake Shack has a 12 month low of $59.92 and a 12 month high of $134.90. The stock's 50 day simple moving average is $111.66 and its 200 day simple moving average is $100.82. The stock has a market cap of $4.95 billion, a PE ratio of 714.88, a price-to-earnings-growth ratio of 2.78 and a beta of 1.81. 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 (NYSE:SHAK - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.05. The firm had revenue of $316.92 million for the quarter, compared to analyst estimates of $316.03 million. Shake Shack had a net margin of 0.68% and a return on equity of 6.28%. The company's quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $0.17 earnings per share.

Institutional Investors Weigh In On Shake Shack

Large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in Shake Shack in the first quarter worth about $25,000. Quest Partners LLC bought a new stake in Shake Shack during the second quarter valued at approximately $38,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Shake Shack during the third quarter valued at approximately $41,000. Kimelman & Baird LLC bought a new stake in Shake Shack during the second quarter valued at approximately $45,000. Finally, Covestor Ltd grew its position in Shake Shack by 32,150.0% during the first quarter. Covestor Ltd now owns 645 shares of the company's stock valued at $67,000 after buying an additional 643 shares during the period. Institutional investors own 86.07% of the company's stock.

Insider Activity

In related news, Director Daniel Harris Meyer sold 30,000 shares of the 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 transaction, the director now owns 407,646 shares of the company's stock, valued at approximately $49,647,206.34. This trade represents a 6.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Katherine Irene Fogertey sold 321 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $103.93, for a total transaction of $33,361.53. Following the transaction, the chief financial officer now directly owns 36,180 shares in the company, valued at approximately $3,760,187.40. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,433 shares of company stock worth $7,654,856. 9.73% of the stock is currently owned by corporate 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.