Brokerages Anticipate Shake Shack Inc. (NYSE:SHAK) to Post -$0.23 Earnings Per Share

Wall Street analysts predict that Shake Shack Inc. (NYSE:SHAK – Get Rating) will announce earnings per share of ($0.23) for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for Shake Shack’s earnings. The highest EPS estimate is ($0.18) and the lowest is ($0.27). Shake Shack posted earnings per share of $0.04 in the same quarter last year, which indicates a negative year over year growth rate of 675%. The firm is expected to report its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Shake Shack will report full year earnings of ($0.23) per share for the current financial year, with EPS estimates ranging from ($0.46) to $0.02. For the next fiscal year, analysts expect that the firm will post earnings of $0.31 per share, with EPS estimates ranging from ($0.30) to $0.66. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Shake Shack.

Shake Shack (NYSE:SHAK – Get Rating) last issued its earnings results on Thursday, February 17th. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.06. The company had revenue of $203.26 million for the quarter, compared to analyst estimates of $203.06 million. Shake Shack had a negative return on equity of 0.60% and a negative net margin of 1.17%. During the same period in the prior year, the firm earned ($0.03) earnings per share.

SHAK has been the topic of several research analyst reports. MKM Partners dropped their price objective on Shake Shack from $81.00 to $75.00 in a research note on Friday, February 18th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Shake Shack from $93.00 to $82.00 and set a “hold” rating on the stock in a report on Friday, February 18th. Robert W. Baird lowered their price objective on Shake Shack from $88.00 to $83.00 in a research report on Wednesday, January 12th. JPMorgan Chase & Co. dropped their target price on shares of Shake Shack from $88.00 to $77.00 and set an “underweight” rating for the company in a research report on Thursday, February 24th. Finally, StockNews.com initiated coverage on Shake Shack in a research report on Thursday, March 31st. They set a “sell” rating on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $85.59.

SHAK stock opened at $57.83 on Monday. The business has a 50 day moving average of $65.90 and a 200-day moving average of $70.76. The company has a quick ratio of 3.34, a current ratio of 3.37 and a debt-to-equity ratio of 0.56. Shake Shack has a 12-month low of $57.64 and a 12-month high of $112.44. The firm has a market cap of $2.43 billion, a PE ratio of -231.32 and a beta of 1.44.

A number of hedge funds have recently made changes to their positions in SHAK. Spire Wealth Management bought a new position in Shake Shack in the fourth quarter worth about $29,000. Ellis Investment Partners LLC raised its position in shares of Shake Shack by 100.0% in the 4th quarter. Ellis Investment Partners LLC now owns 460 shares of the company’s stock worth $33,000 after acquiring an additional 230 shares in the last quarter. HM Payson & Co. bought a new position in shares of Shake Shack in the 4th quarter worth approximately $37,000. CWM LLC purchased a new position in shares of Shake Shack in the 4th quarter valued at approximately $42,000. Finally, Pinebridge Investments L.P. bought a new stake in shares of Shake Shack during the fourth quarter valued at approximately $43,000. 80.92% of the stock is owned by institutional investors.

Shake Shack Company Profile (Get Rating)

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 29, 2021, it operated 369 Shacks, including 218 domestic company-operated Shacks, 25 domestic licensed Shacks, and 126 international licensed Shacks.

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