Analysts Anticipate Shake Shack Inc (SHAK) to Announce $0.17 Earnings Per Share

Wall Street analysts forecast that Shake Shack Inc (NYSE:SHAK) will post $0.17 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Shake Shack’s earnings. The lowest EPS estimate is $0.10 and the highest is $0.23. Shake Shack reported earnings of $0.20 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 15%. The business is scheduled to report its next quarterly earnings report on Thursday, August 2nd.

On average, analysts expect that Shake Shack will report full-year earnings of $0.54 per share for the current fiscal year, with EPS estimates ranging from $0.47 to $0.61. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.76 per share, with EPS estimates ranging from $0.59 to $1.05. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Shake Shack.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, May 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.07. The company had revenue of $99.20 million for the quarter, compared to analysts’ expectations of $96.77 million. Shake Shack had a negative net margin of 0.27% and a positive return on equity of 9.17%. Shake Shack’s revenue was up 29.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS.



SHAK has been the topic of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Shake Shack from $44.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Friday, May 4th. TheStreet cut shares of Shake Shack from a “c” rating to a “d+” rating in a research note on Friday, March 16th. Longbow Research cut shares of Shake Shack from a “buy” rating to a “neutral” rating and set a $57.96 price target on the stock. in a research note on Wednesday, May 23rd. They noted that the move was a valuation call. ValuEngine raised shares of Shake Shack from a “hold” rating to a “buy” rating in a research note on Saturday, April 7th. Finally, JPMorgan Chase & Co. cut shares of Shake Shack from a “neutral” rating to an “underweight” rating and set a $49.00 price target on the stock. in a research note on Monday, May 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Shake Shack presently has a consensus rating of “Hold” and an average price target of $47.03.

Shares of Shake Shack traded up $0.21, reaching $65.33, on Friday, Marketbeat.com reports. 1,132,849 shares of the company were exchanged, compared to its average volume of 965,570. Shake Shack has a 1-year low of $30.12 and a 1-year high of $65.96. The stock has a market cap of $2.41 billion, a PE ratio of 114.61, a price-to-earnings-growth ratio of 5.38 and a beta of 1.36.

In related news, Director Jonathan D. Sokoloff sold 627,440 shares of the business’s stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $58.81, for a total value of $36,899,746.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Randall J. Garutti sold 20,000 shares of the business’s stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $41.01, for a total transaction of $820,200.00. Following the completion of the sale, the chief executive officer now owns 38,041 shares in the company, valued at $1,560,061.41. The disclosure for this sale can be found here. Insiders sold a total of 1,090,942 shares of company stock worth $64,088,506 over the last quarter. Insiders own 30.18% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank lifted its holdings in Shake Shack by 5.5% in the 1st quarter. Comerica Bank now owns 21,052 shares of the company’s stock valued at $908,000 after purchasing an additional 1,095 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Shake Shack by 13.4% during the 1st quarter. Thrivent Financial for Lutherans now owns 12,766 shares of the company’s stock worth $531,000 after purchasing an additional 1,504 shares in the last quarter. Legal & General Group Plc increased its position in Shake Shack by 4.6% during the 1st quarter. Legal & General Group Plc now owns 35,930 shares of the company’s stock worth $1,485,000 after purchasing an additional 1,589 shares in the last quarter. Prudential Financial Inc. increased its position in Shake Shack by 5.5% during the 1st quarter. Prudential Financial Inc. now owns 31,860 shares of the company’s stock worth $1,326,000 after purchasing an additional 1,650 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in Shake Shack by 7.2% during the 1st quarter. New York State Common Retirement Fund now owns 25,200 shares of the company’s stock worth $1,049,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

About Shake Shack

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 27, 2017, it had 159 Shacks, including 90 domestic company-operated Shacks, 10 domestic licensed Shacks, and 59 international licensed Shacks.

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Earnings History and Estimates for Shake Shack (NYSE:SHAK)

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