Shake Shack FY2024 EPS Estimate Raised by Zacks Research

Shake Shack Inc. (NYSE:SHAK) – Research analysts at Zacks Research boosted their FY2024 earnings per share estimates for Shake Shack in a research report issued on Wednesday, January 8th. Zacks Research analyst H. Ray now anticipates that the company will earn $0.82 per share for the year, up from their prior estimate of $0.81. 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 $0.17 EPS, Q1 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.31 EPS, FY2025 earnings at $1.09 EPS, Q3 2026 earnings at $0.39 EPS, Q4 2026 earnings at $0.36 EPS and FY2026 earnings at $1.40 EPS.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.05. The company had revenue of $316.92 million for the quarter, compared to the consensus estimate of $316.03 million. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. Shake Shack’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.17 EPS.

SHAK has been the subject of a number of other reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $102.00 price target (down from $105.00) on shares of Shake Shack in a report on Tuesday, September 24th. Truist Financial upped their price target on Shake Shack from $147.00 to $149.00 and gave the company a “buy” rating in a report on Wednesday. Gordon Haskett upgraded shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research note on Wednesday. Oppenheimer boosted their price objective on shares of Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, UBS Group increased their target price on shares of Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $122.59.

Shake Shack Stock Up 0.4 %

Shares of Shake Shack stock opened at $132.62 on Friday. 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 52-week low of $64.16 and a 52-week high of $139.89. The company has a market capitalization of $5.63 billion, a P/E ratio of 780.12, a P/E/G ratio of 2.83 and a beta of 1.86. The company has a 50 day moving average of $129.82 and a 200 day moving average of $109.73.

Institutional Trading of Shake Shack

A number of hedge funds have recently bought and sold shares of the company. Nordea Investment Management AB grew its holdings in Shake Shack by 4.3% in the fourth quarter. Nordea Investment Management AB now owns 76,884 shares of the company’s stock valued at $10,049,000 after purchasing an additional 3,186 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Shake Shack by 56.3% in the 4th quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock valued at $96,000 after purchasing an additional 265 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Shake Shack by 1.1% during the 3rd quarter. Principal Financial Group Inc. now owns 189,229 shares of the company’s stock valued at $19,530,000 after buying an additional 2,043 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Shake Shack during the 3rd quarter worth $249,000. Finally, Neo Ivy Capital Management purchased a new position in shares of Shake Shack in the 3rd quarter worth $142,000. Institutional investors and hedge funds own 86.07% of the company’s stock.

Insider Activity

In other Shake Shack news, CFO Katherine Irene Fogertey sold 642 shares of Shake Shack stock in a transaction dated 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 in the company, valued at approximately $4,223,894.67. The trade was a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel Harris Meyer sold 30,000 shares of the stock in a transaction that occurred 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 sale, 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 disclosure for this sale can be found here. In the last three months, insiders sold 53,333 shares of company stock worth $6,566,330. Company insiders own 9.73% of the company’s stock.

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.