-$0.01 Earnings Per Share Expected for Shake Shack Inc. (NYSE:SHAK) This Quarter

Wall Street brokerages predict that Shake Shack Inc. (NYSE:SHAKGet Rating) will post ($0.01) earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Shake Shack’s earnings, with the lowest EPS estimate coming in at ($0.10) and the highest estimate coming in at $0.07. Shake Shack posted earnings of $0.05 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 120%. The business is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Shake Shack will report full-year earnings of ($0.30) per share for the current financial year, with EPS estimates ranging from ($0.42) to ($0.03). For the next year, analysts forecast that the firm will post earnings of $0.16 per share, with EPS estimates ranging from ($0.33) to $0.48. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Shake Shack.

Shake Shack (NYSE:SHAKGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.04. Shake Shack had a negative return on equity of 2.87% and a negative net margin of 2.55%. The company had revenue of $203.39 million for the quarter, compared to analysts’ expectations of $200.64 million. During the same quarter last year, the business earned $0.04 earnings per share. Shake Shack’s revenue was up 31.0% on a year-over-year basis.

A number of research analysts have issued reports on the company. Oppenheimer decreased their target price on Shake Shack from $90.00 to $75.00 in a research report on Friday, May 6th. Barclays decreased their target price on Shake Shack from $77.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Friday, February 18th. Credit Suisse Group decreased their target price on Shake Shack from $92.00 to $80.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 22nd. Raymond James upgraded Shake Shack from an “underperform” rating to a “market perform” rating in a research report on Tuesday, May 17th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Shake Shack from $82.00 to $68.00 in a report on Friday, May 6th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $79.06.

Shake Shack stock traded down $1.19 during midday trading on Friday, reaching $41.98. The company’s stock had a trading volume of 864,726 shares, compared to its average volume of 1,068,845. Shake Shack has a 52 week low of $40.34 and a 52 week high of $111.49. The company has a current ratio of 3.07, a quick ratio of 3.04 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average price of $60.25 and a 200-day moving average price of $68.29. The stock has a market cap of $1.77 billion, a PE ratio of -80.73 and a beta of 1.45.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Shake Shack by 1.2% in the first quarter. Vanguard Group Inc. now owns 4,071,207 shares of the company’s stock valued at $276,435,000 after buying an additional 48,614 shares during the period. State Street Corp increased its holdings in shares of Shake Shack by 3.5% during the first quarter. State Street Corp now owns 1,267,146 shares of the company’s stock valued at $86,039,000 after acquiring an additional 43,087 shares in the last quarter. Champlain Investment Partners LLC increased its holdings in shares of Shake Shack by 39.1% during the fourth quarter. Champlain Investment Partners LLC now owns 814,685 shares of the company’s stock valued at $58,788,000 after acquiring an additional 228,975 shares in the last quarter. Van Berkom & Associates Inc. increased its holdings in shares of Shake Shack by 5.4% during the first quarter. Van Berkom & Associates Inc. now owns 728,850 shares of the company’s stock valued at $49,489,000 after acquiring an additional 37,482 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of Shake Shack by 25.1% during the third quarter. Morgan Stanley now owns 506,409 shares of the company’s stock valued at $39,733,000 after acquiring an additional 101,726 shares in the last quarter. 81.03% of the stock is currently owned by hedge funds and other institutional investors.

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

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