Shake Shack (SHAK) Set to Announce 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. Individual interested in listening to the company’s earnings conference call can do so using this link.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $286.20 million during the quarter, compared to the consensus estimate of $280.45 million. Shake Shack had a return on equity of 3.67% and a net margin of 1.82%. Shake Shack’s quarterly revenue was up 20.0% on a year-over-year basis. During the same period in the prior year, the business 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 Performance

NYSE SHAK opened at $99.54 on Thursday. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 216.39, a PEG ratio of 3.59 and a beta of 1.80. Shake Shack has a twelve month low of $52.64 and a twelve month high of $110.90. The stock has a fifty day simple moving average of $100.93 and a 200 day simple moving average of $78.02. The company has a quick ratio of 2.01, a current ratio of 2.04 and a debt-to-equity ratio of 0.52.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SHAK shares. StockNews.com downgraded Shake Shack from a “hold” rating to a “sell” rating in a report on Monday, March 4th. Robert W. Baird increased their price target on Shake Shack from $67.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, February 13th. JPMorgan Chase & Co. increased their price target on Shake Shack from $65.00 to $100.00 and gave the stock an “underweight” rating in a report on Monday, March 4th. BTIG Research increased their price target on Shake Shack from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Finally, Wedbush reiterated a “neutral” rating and set a $80.00 price target on shares of Shake Shack in a report on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Shake Shack presently has an average rating of “Hold” and an average target price of $88.67.

Insider Buying and Selling at Shake Shack

In other news, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $103.01, for a total value of $31,315.04. Following the transaction, the director now owns 3,754 shares in the company, valued at approximately $386,699.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Daniel Harris Meyer sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $106.34, for a total value of $4,253,600.00. Following the transaction, the director now owns 480,437 shares in the company, valued at approximately $51,089,670.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey Flug sold 304 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $103.01, for a total value of $31,315.04. Following the completion of the transaction, the director now owns 3,754 shares in the company, valued at approximately $386,699.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,912 shares of company stock worth $10,201,834. Insiders own 10.06% 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.