FY2024 EPS Estimates for Shake Shack Lifted by William Blair

Shake Shack Inc. (NYSE:SHAK) – Stock analysts at William Blair upped their FY2024 EPS estimates for shares of Shake Shack in a research note issued on Monday, January 13th. William Blair analyst S. Zackfia now expects that the company will earn $0.89 per share for the year, up from their previous forecast of $0.78. The consensus estimate for Shake Shack’s current full-year earnings is $0.82 per share. William Blair also issued estimates for Shake Shack’s Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.31 EPS, Q3 2025 earnings at $0.23 EPS, FY2025 earnings at $1.12 EPS and FY2026 earnings at $1.28 EPS.

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus lifted their target price on Shake Shack from $115.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, January 10th. TD Cowen reissued a “buy” rating and set a $125.00 price objective on shares of Shake Shack in a report on Wednesday, September 18th. Oppenheimer upped their target price on shares of Shake Shack from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Truist Financial lowered their price target on shares of Shake Shack from $149.00 to $143.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Barclays upgraded shares of Shake Shack from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $125.00 to $159.00 in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $122.56.

Shake Shack Stock Performance

SHAK stock opened at $118.56 on Wednesday. The company has a 50 day moving average price of $130.09 and a 200 day moving average price of $110.72. Shake Shack has a fifty-two week low of $64.16 and a fifty-two week high of $139.89. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98. The stock has a market capitalization of $5.04 billion, a PE ratio of 697.41, a price-to-earnings-growth ratio of 2.83 and a beta of 1.86.

Shake Shack (NYSE:SHAK) last announced its earnings results on Wednesday, October 30th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. Shake Shack had a net margin of 0.68% and a return on equity of 6.28%. The company had revenue of $316.92 million during the quarter, compared to the consensus estimate of $316.03 million. During the same period in the previous year, the firm posted $0.17 earnings per share. The company’s revenue was up 14.7% on a year-over-year basis.

Insider Activity

In related news, Director Daniel Harris Meyer sold 30,000 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $121.79, for a total transaction of $3,653,700.00. Following the sale, the director now directly owns 407,646 shares in the company, valued at $49,647,206.34. This trade represents a 6.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Katherine Irene Fogertey sold 642 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total transaction of $88,281.42. Following the completion of the sale, the chief financial officer now directly owns 30,717 shares in the company, valued at $4,223,894.67. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,333 shares of company stock worth $6,566,330 in the last 90 days. Corporate insiders own 9.73% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp lifted its stake in Shake Shack by 3.5% in the 3rd quarter. State Street Corp now owns 1,452,736 shares of the company’s stock valued at $149,937,000 after acquiring an additional 49,324 shares in the last quarter. Holocene Advisors LP increased its position in shares of Shake Shack by 68.3% in the third 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 during the last quarter. Geode Capital Management LLC raised its holdings in Shake Shack by 3.1% during the third quarter. Geode Capital Management LLC now owns 876,380 shares of the company’s stock worth $90,470,000 after acquiring an additional 26,620 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Shake Shack by 9.0% during the second quarter. Dimensional Fund Advisors LP now owns 801,003 shares of the company’s stock valued at $72,088,000 after purchasing an additional 66,090 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its stake in Shake Shack by 154.8% in the third quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company’s stock valued at $67,157,000 after purchasing an additional 395,311 shares in the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

About Shake Shack

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.