Q4 Earnings Forecast for Shake Shack Issued By William Blair

Shake Shack Inc. (NYSE:SHAK) – Stock analysts at William Blair raised their Q4 2024 earnings estimates for Shake Shack in a report released on Wednesday, October 23rd. William Blair analyst S. Zackfia now forecasts that the company will earn $0.12 per share for the quarter, up from their prior estimate of $0.09. The consensus estimate for Shake Shack’s current full-year earnings is $0.74 per share. William Blair also issued estimates for Shake Shack’s FY2025 earnings at $1.06 EPS.

A number of other research firms have also weighed in on SHAK. Wedbush reissued a “neutral” rating and issued a $90.00 target price on shares of Shake Shack in a research note on Thursday, August 1st. Morgan Stanley reduced their price target on Shake Shack from $108.00 to $100.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. The Goldman Sachs Group raised their price objective on shares of Shake Shack from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Truist Financial reiterated a “buy” rating and issued a $127.00 target price on shares of Shake Shack in a report on Wednesday, August 28th. Finally, Bank of America lifted their price target on shares of Shake Shack from $104.00 to $116.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Shake Shack has a consensus rating of “Hold” and a consensus price target of $107.67.

Shake Shack Stock Performance

NYSE SHAK opened at $110.45 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.06 and a quick ratio of 2.03. Shake Shack has a 1-year low of $54.06 and a 1-year high of $113.50. The company has a market cap of $4.67 billion, a PE ratio of 200.82, a price-to-earnings-growth ratio of 3.21 and a beta of 1.83. The stock’s 50 day simple moving average is $104.82 and its 200-day simple moving average is $98.10.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. Shake Shack had a net margin of 2.23% and a return on equity of 5.63%. The firm had revenue of $316.50 million during the quarter, compared to the consensus estimate of $314.37 million. During the same quarter in the prior year, the firm earned $0.18 EPS. The company’s revenue for the quarter was up 16.4% on a year-over-year basis.

Insider Transactions at Shake Shack

In related news, Director Daniel Harris Meyer sold 10,000 shares of Shake Shack stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $110.24, for a total value of $1,102,400.00. Following the completion of the transaction, the director now owns 470,437 shares in the company, valued at approximately $51,860,974.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Shake Shack news, Director Daniel Harris Meyer sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $110.24, for a total value of $1,102,400.00. Following the completion of the transaction, the director now owns 470,437 shares of the company’s stock, valued at $51,860,974.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $90.39, for a total transaction of $27,478.56. Following the completion of the transaction, the director now owns 3,347 shares of the company’s stock, valued at approximately $302,535.33. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,330 shares of company stock valued at $2,429,690. 9.73% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Shake Shack

Several large investors have recently bought and sold shares of SHAK. Allspring Global Investments Holdings LLC purchased a new position in Shake Shack in the first quarter worth approximately $25,000. Commonwealth Equity Services LLC lifted its position in shares of Shake Shack by 71.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 7,973 shares of the company’s stock worth $829,000 after purchasing an additional 3,313 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Shake Shack by 7.8% during the first quarter. BNP Paribas Financial Markets now owns 41,487 shares of the company’s stock worth $4,316,000 after purchasing an additional 2,996 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Shake Shack in the first quarter valued at $853,000. Finally, Hussman Strategic Advisors Inc. acquired a new stake in Shake Shack in the first quarter valued at $655,000. Hedge funds and other institutional investors own 86.07% 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.