Wall Street analysts expect that Shake Shack Inc (NYSE:SHAK) will report $100.49 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Shake Shack’s earnings, with the lowest sales estimate coming in at $98.80 million and the highest estimate coming in at $102.14 million. Shake Shack reported sales of $76.75 million during the same quarter last year, which indicates a positive year-over-year growth rate of 30.9%. The business is scheduled to issue its next quarterly earnings report on Thursday, May 3rd.
On average, analysts expect that Shake Shack will report full year sales of $100.49 million for the current fiscal year, with estimates ranging from $442.19 million to $466.93 million. For the next financial year, analysts forecast that the company will post sales of $596.27 million per share, with estimates ranging from $571.63 million to $614.24 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Shake Shack.
Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, February 15th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.06 by $0.04. Shake Shack had a negative net margin of 0.63% and a positive return on equity of 9.50%. The firm had revenue of $96.14 million for the quarter, compared to the consensus estimate of $92.80 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The company’s quarterly revenue was up 31.2% compared to the same quarter last year.
In related news, CEO Randall J. Garutti sold 8,000 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $37.24, for a total transaction of $297,920.00. Following the sale, the chief executive officer now owns 18,961 shares of the company’s stock, valued at $706,107.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Daniel Harris Meyer sold 100,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $42.90, for a total transaction of $4,290,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,034,707 shares of company stock worth $43,848,268. 34.91% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC bought a new position in Shake Shack during the fourth quarter valued at $228,000. Sciencast Management LP bought a new position in Shake Shack during the fourth quarter valued at $227,000. Crossmark Global Holdings Inc. bought a new position in Shake Shack during the fourth quarter valued at $236,000. Cipher Capital LP bought a new position in Shake Shack during the third quarter valued at $211,000. Finally, Municipal Employees Retirement System of Michigan increased its position in Shake Shack by 58.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 6,960 shares of the company’s stock valued at $231,000 after acquiring an additional 2,580 shares during the last quarter. 82.49% of the stock is currently owned by institutional investors.
Shake Shack (SHAK) opened at $38.03 on Tuesday. Shake Shack has a 1-year low of $30.12 and a 1-year high of $47.39. The company has a market cap of $1,396.80, a price-to-earnings ratio of -475.32, a PEG ratio of 3.06 and a beta of 1.33.
About Shake Shack
Shake Shack Inc operates roadside burger stands. The Company serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. The Company’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard.
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