William Blair Analysts Cut Earnings Estimates for Shake Shack Inc. (NYSE:SHAK)

Shake Shack Inc. (NYSE:SHAK) – Equities research analysts at William Blair cut their FY2025 earnings estimates for Shake Shack in a note issued to investors on Wednesday, April 24th. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $0.96 for the year, down from their previous forecast of $0.97. The consensus estimate for Shake Shack’s current full-year earnings is $0.71 per share.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.02 EPS for the quarter. Shake Shack had a net margin of 1.82% and a return on equity of 3.67%. The business had revenue of $286.20 million during the quarter, compared to analyst estimates of $280.45 million. During the same quarter last year, the business earned ($0.06) earnings per share. Shake Shack’s quarterly revenue was up 20.0% compared to the same quarter last year.

Other equities research analysts also recently issued research reports about the stock. Morgan Stanley increased their target price on shares of Shake Shack from $88.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. StockNews.com downgraded shares of Shake Shack from a “hold” rating to a “sell” rating in a research note on Monday, March 4th. Robert W. Baird increased their target price on shares of Shake Shack from $67.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, February 13th. BTIG Research increased their target price on shares of Shake Shack from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Finally, Truist Financial raised their price target on shares of Shake Shack from $112.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $88.67.

Shake Shack Trading Up 3.5 %

Shares of SHAK opened at $104.88 on Monday. Shake Shack has a twelve month low of $52.64 and a twelve month high of $110.90. The company has a market cap of $4.44 billion, a P/E ratio of 228.00, a P/E/G ratio of 3.78 and a beta of 1.80. The company has a current ratio of 2.04, a quick ratio of 2.01 and a debt-to-equity ratio of 0.52. The company’s fifty day simple moving average is $101.55 and its 200-day simple moving average is $78.83.

Institutional Trading of Shake Shack

A number of institutional investors have recently modified their holdings of SHAK. Public Employees Retirement System of Ohio acquired a new stake in Shake Shack in the 3rd quarter worth approximately $1,700,000. Raymond James Financial Services Advisors Inc. boosted its stake in Shake Shack by 60.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 77,901 shares of the company’s stock worth $5,774,000 after purchasing an additional 29,431 shares in the last quarter. California Public Employees Retirement System boosted its stake in Shake Shack by 14.6% in the 3rd quarter. California Public Employees Retirement System now owns 67,466 shares of the company’s stock worth $3,918,000 after purchasing an additional 8,615 shares in the last quarter. Aigen Investment Management LP acquired a new stake in Shake Shack in the 3rd quarter worth approximately $216,000. Finally, Campbell & CO Investment Adviser LLC boosted its stake in Shake Shack by 1,816.5% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 80,339 shares of the company’s stock worth $4,665,000 after purchasing an additional 76,147 shares in the last quarter. 86.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Shake Shack

In other Shake Shack news, Director Jeffrey Flug sold 304 shares of the firm’s 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 transaction, the director now owns 4,058 shares of the company’s stock, valued at approximately $438,466.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Jeffrey Flug sold 304 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $108.05, for a total value of $32,847.20. Following the sale, the director now directly owns 4,058 shares in the company, valued at approximately $438,466.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel Harris Meyer sold 40,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $106.34, for a total transaction of $4,253,600.00. Following the completion of the sale, the director now owns 480,437 shares in the company, valued at $51,089,670.58. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,760 shares of company stock valued at $10,190,420. Company insiders own 10.06% 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.