Brokers Offer Predictions for Shake Shack FY2024 Earnings

Shake Shack Inc. (NYSE:SHAK) – Zacks Research lifted their FY2024 earnings per share (EPS) estimates for shares of Shake Shack in a note issued to investors on Wednesday, November 13th. Zacks Research analyst H. Ray now anticipates that the company will post earnings of $0.81 per share for the year, up from their previous forecast of $0.72. The consensus estimate for Shake Shack’s current full-year earnings is $0.82 per share. Zacks Research also issued estimates for Shake Shack’s Q4 2024 earnings at $0.16 EPS, Q1 2025 earnings at $0.18 EPS, Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.30 EPS, Q4 2025 earnings at $0.25 EPS, FY2025 earnings at $1.07 EPS, Q1 2026 earnings at $0.25 EPS, Q2 2026 earnings at $0.41 EPS, Q3 2026 earnings at $0.38 EPS and FY2026 earnings at $1.33 EPS.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $102.00 price target (down previously from $105.00) on shares of Shake Shack in a research report on Tuesday, September 24th. TD Cowen reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Shake Shack in a research report on Wednesday, September 18th. Capital One Financial began coverage on Shake Shack in a research note on Monday, July 29th. They issued an “overweight” rating and a $95.00 price target on the stock. Bank of America increased their price objective on Shake Shack from $104.00 to $116.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Finally, Piper Sandler cut Shake Shack from an “overweight” rating to a “neutral” rating and cut their target price for the company from $121.00 to $114.00 in a research note on Monday, August 19th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $112.94.

Shake Shack Stock Down 4.1 %

Shares of NYSE:SHAK opened at $116.49 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.98 and a current ratio of 2.01. Shake Shack has a 52 week low of $59.92 and a 52 week high of $134.90. The company has a 50 day moving average price of $112.08 and a two-hundred day moving average price of $100.90. The company has a market capitalization of $4.95 billion, a PE ratio of 685.24, a PEG ratio of 2.78 and a beta of 1.81.

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

Insider Buying and Selling

In other news, CFO Katherine Irene Fogertey sold 321 shares of Shake Shack stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $103.93, for a total transaction of $33,361.53. Following the completion of the sale, the chief financial officer now owns 36,180 shares of the company’s stock, valued at approximately $3,760,187.40. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel Harris Meyer sold 22,691 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $124.47, for a total transaction of $2,824,348.77. Following the completion of the transaction, the director now owns 437,646 shares in the company, valued at $54,473,797.62. This trade represents a 4.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,433 shares of company stock valued at $7,654,856. 9.73% of the stock is owned by insiders.

Institutional Investors Weigh In On Shake Shack

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. lifted its position in shares of Shake Shack by 154.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company’s stock worth $67,157,000 after buying an additional 395,311 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Shake Shack during the third quarter worth $39,677,000. Holocene Advisors LP boosted its holdings in shares of Shake Shack by 68.3% during the 3rd quarter. Holocene Advisors LP now owns 946,350 shares of the company’s stock valued at $97,673,000 after acquiring an additional 384,131 shares in the last quarter. Marshall Wace LLP grew its position in Shake Shack by 101.2% during the 2nd quarter. Marshall Wace LLP now owns 544,336 shares of the company’s stock worth $48,990,000 after acquiring an additional 273,822 shares during the last quarter. Finally, Armistice Capital LLC boosted its stake in shares of Shake Shack by 69.1% during the second quarter. Armistice Capital LLC now owns 579,904 shares of the company’s stock valued at $52,191,000 after purchasing an additional 236,950 shares in 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.