Equities analysts forecast that Shake Shack Inc. (NYSE:SHAK – Get Rating) will post sales of $237.94 million for the current quarter, according to Zacks. Seven analysts have provided estimates for Shake Shack’s earnings, with the lowest sales estimate coming in at $235.51 million and the highest estimate coming in at $241.26 million. Shake Shack reported sales of $187.46 million in the same quarter last year, which would suggest a positive year over year growth rate of 26.9%. The company is expected to issue its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Shake Shack will report full year sales of $940.87 million for the current fiscal year, with estimates ranging from $919.60 million to $953.70 million. For the next year, analysts forecast that the firm will report sales of $1.17 billion, with estimates ranging from $1.11 billion to $1.23 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Shake Shack.
Shake Shack (NYSE:SHAK – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.04. The business had revenue of $203.39 million during the quarter, compared to analyst estimates of $200.64 million. Shake Shack had a negative return on equity of 2.87% and a negative net margin of 2.55%. The company’s quarterly revenue was up 31.0% on a year-over-year basis. During the same period last year, the business posted $0.04 earnings per share.
Several large investors have recently made changes to their positions in SHAK. Profund Advisors LLC grew its stake in shares of Shake Shack by 4.3% in the 4th quarter. Profund Advisors LLC now owns 3,898 shares of the company’s stock valued at $281,000 after purchasing an additional 159 shares during the period. Private Advisor Group LLC increased its holdings in Shake Shack by 6.5% during the 4th quarter. Private Advisor Group LLC now owns 2,834 shares of the company’s stock worth $205,000 after purchasing an additional 174 shares in the last quarter. Point72 Hong Kong Ltd increased its holdings in Shake Shack by 2.8% during the 4th quarter. Point72 Hong Kong Ltd now owns 6,523 shares of the company’s stock worth $471,000 after purchasing an additional 180 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in Shake Shack by 1.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 15,604 shares of the company’s stock worth $1,126,000 after purchasing an additional 205 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Shake Shack by 0.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 31,853 shares of the company’s stock worth $2,299,000 after purchasing an additional 219 shares in the last quarter. 81.03% of the stock is owned by institutional investors.
SHAK stock opened at $43.27 on Tuesday. The company has a quick ratio of 3.04, a current ratio of 3.07 and a debt-to-equity ratio of 0.57. Shake Shack has a fifty-two week low of $40.34 and a fifty-two week high of $111.49. The business has a 50 day moving average price of $59.87 and a 200 day moving average price of $67.89. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of -83.21 and a beta of 1.45.
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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