Shake Shack (SHAK) to Release Earnings on Thursday

Shake Shack (NYSE:SHAK) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Shake Shack to post earnings of $0.10 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Thursday, February 15th. The company reported $0.02 EPS for the quarter. The company had revenue of $286.20 million during the quarter, compared to the consensus estimate of $280.45 million. Shake Shack had a net margin of 1.82% and a return on equity of 3.67%. Shake Shack’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. On average, analysts expect Shake Shack to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shake Shack Stock Up 0.9 %

Shares of NYSE SHAK opened at $105.80 on Tuesday. Shake Shack has a 12-month low of $52.64 and a 12-month high of $110.90. The stock’s fifty day simple moving average is $101.55 and its two-hundred day simple moving average is $78.98. The stock has a market capitalization of $4.48 billion, a PE ratio of 230.00, a price-to-earnings-growth 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.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Truist Financial upped their price objective on Shake Shack from $112.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Robert W. Baird raised their price target on shares of Shake Shack from $67.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, February 13th. Wedbush reaffirmed a “neutral” rating and issued a $80.00 price objective on shares of Shake Shack in a research report on Wednesday, February 14th. 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 report on Thursday, March 14th. Finally, Raymond James lifted their price target on shares of Shake Shack from $90.00 to $115.00 and gave the stock a “strong-buy” rating in a report on Friday, February 16th. Two analysts have rated the stock with a sell rating, ten have given 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 stock presently has an average rating of “Hold” and a consensus price target of $88.67.

Insider Activity at Shake Shack

In other news, Director Daniel Harris Meyer sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $95.25, for a total transaction of $2,857,500.00. Following the sale, the director now owns 550,437 shares of the company’s stock, valued at approximately $52,429,124.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Jeffrey Flug sold 304 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $103.01, for a total transaction of $31,315.04. Following the sale, the director now owns 3,754 shares of the company’s stock, valued at approximately $386,699.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel Harris Meyer sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $95.25, for a total transaction of $2,857,500.00. Following the sale, the director now directly owns 550,437 shares in the company, valued at approximately $52,429,124.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,760 shares of company stock worth $10,190,420. 10.06% of the stock is owned by corporate insiders.

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.