Shake Shack (SHAK) Set to Announce Earnings on Thursday

Shake Shack (NYSE:SHAK) will be releasing its earnings data before the market opens on Thursday, May 2nd. Analysts expect Shake Shack to post earnings of $0.10 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.02 EPS for the quarter. The business had revenue of $286.20 million for the quarter, compared to the consensus estimate of $280.45 million. Shake Shack had a net margin of 1.82% and a return on equity of 3.67%. The business’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.06) EPS. On average, analysts expect Shake Shack to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shake Shack Stock Down 0.5 %

SHAK stock opened at $99.54 on Thursday. The firm’s fifty day simple moving average is $100.93 and its 200-day simple moving average is $78.02. The company has a market capitalization of $4.21 billion, a P/E ratio of 216.39, a price-to-earnings-growth ratio of 3.59 and a beta of 1.80. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 2.01. Shake Shack has a 12 month low of $52.64 and a 12 month high of $110.90.

Insider Buying and Selling at Shake Shack

In other Shake Shack news, Director Daniel Harris Meyer sold 23,966 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $100.13, for a total transaction of $2,399,715.58. Following the transaction, the director now directly owns 526,471 shares of the company’s stock, valued at $52,715,541.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Daniel Harris Meyer sold 23,966 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $100.13, for a total value of $2,399,715.58. Following the completion of the sale, the director now directly owns 526,471 shares in the company, valued at $52,715,541.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey Flug sold 304 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $108.05, for a total transaction of $32,847.20. Following the completion of the sale, the director now owns 4,058 shares of the company’s stock, valued at $438,466.90. The disclosure for this sale can be found here. Insiders have sold a total of 100,912 shares of company stock valued at $10,201,834 over the last ninety days. Corporate insiders own 10.06% of the company’s stock.

Analyst Ratings Changes

SHAK has been the topic of several recent research reports. TD Cowen reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Shake Shack in a report on Wednesday, April 10th. Wedbush reaffirmed a “neutral” rating and issued a $80.00 price objective on shares of Shake Shack in a report on Wednesday, February 14th. Truist Financial increased their price target on shares of Shake Shack from $112.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. UBS Group increased their price target on shares of Shake Shack from $80.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Finally, JPMorgan Chase & Co. increased their price target on shares of Shake Shack from $65.00 to $100.00 and gave the stock an “underweight” rating in a report on Monday, March 4th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $88.67.

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.