Q4 Earnings Forecast for Shake Shack Issued By William Blair

Shake Shack Inc. (NYSE:SHAK) – Stock analysts at William Blair upped their Q4 2024 EPS estimates for shares of Shake Shack in a research note issued to investors on Monday, January 13th. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of $0.24 for the quarter, up from their prior forecast of $0.12. The consensus estimate for Shake Shack’s current full-year earnings is $0.82 per share.

SHAK has been the subject of a number of other research reports. Wedbush reiterated a “neutral” rating and issued a $130.00 price target on shares of Shake Shack in a research note on Wednesday. TD Cowen reissued a “buy” rating and issued a $125.00 target price on shares of Shake Shack in a report on Wednesday, September 18th. Stifel Nicolaus boosted their price target on shares of Shake Shack from $115.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. restated an “underweight” rating and set a $102.00 price objective (down previously from $105.00) on shares of Shake Shack in a research report on Tuesday, September 24th. Finally, UBS Group boosted their target price on Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $124.78.

Shake Shack Stock Down 1.8 %

SHAK stock opened at $116.63 on Thursday. The stock has a market cap of $4.95 billion, a P/E ratio of 686.06, a PEG ratio of 1.91 and a beta of 1.86. Shake Shack has a twelve month low of $64.16 and a twelve month high of $139.89. The business’s 50-day moving average price is $129.59 and its 200-day moving average price is $110.96. The company has a quick ratio of 1.98, a current ratio of 2.01 and a debt-to-equity ratio of 0.51.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05. The firm had revenue of $316.92 million during the quarter, compared to analyst estimates of $316.03 million. Shake Shack had a net margin of 0.68% and a return on equity of 6.28%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.17 EPS.

Insider Activity

In other news, Director Daniel Harris Meyer sold 22,691 shares of Shake Shack stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $124.47, for a total transaction of $2,824,348.77. Following the completion of the sale, the director now directly owns 437,646 shares in the company, valued at approximately $54,473,797.62. This trade represents a 4.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Katherine Irene Fogertey sold 642 shares of Shake Shack stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total value of $88,281.42. Following the sale, the chief financial officer now directly owns 30,717 shares of the company’s stock, valued at approximately $4,223,894.67. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,333 shares of company stock valued at $6,566,330. 9.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Shake Shack

Institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC lifted its holdings in shares of Shake Shack by 303.3% during the 2nd quarter. Hsbc Holdings PLC now owns 16,604 shares of the company’s stock valued at $1,460,000 after purchasing an additional 12,487 shares during the last quarter. Fisher Asset Management LLC raised its stake in Shake Shack by 4.8% in the third quarter. Fisher Asset Management LLC now owns 354,114 shares of the company’s stock valued at $36,548,000 after buying an additional 16,097 shares during the last quarter. GDS Wealth Management purchased a new stake in Shake Shack in the third quarter valued at about $417,000. Charles Schwab Investment Management Inc. boosted its holdings in Shake Shack by 7.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 353,501 shares of the company’s stock worth $36,485,000 after acquiring an additional 24,813 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Shake Shack by 3.6% during the third quarter. FMR LLC now owns 243,549 shares of the company’s stock worth $25,137,000 after acquiring an additional 8,512 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors and hedge funds.

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.