Analysts Set Expectations for Shake Shack FY2024 Earnings

Shake Shack Inc. (NYSE:SHAK) – Equities research analysts at Zacks Research lifted their FY2024 earnings per share estimates for Shake Shack in a research note issued on Wednesday, January 8th. Zacks Research analyst H. Ray now forecasts that the company will post earnings of $0.82 per share for the year, up from their prior forecast of $0.81. 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 $0.17 EPS, Q1 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.31 EPS, FY2025 earnings at $1.09 EPS, Q3 2026 earnings at $0.39 EPS, Q4 2026 earnings at $0.36 EPS and FY2026 earnings at $1.40 EPS.

Other equities research analysts have also issued reports about the stock. TD Cowen reaffirmed a “buy” rating and set a $125.00 price target on shares of Shake Shack in a report on Wednesday, September 18th. UBS Group raised their target price on Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $102.00 price target (down previously from $105.00) on shares of Shake Shack in a report on Tuesday, September 24th. Truist Financial lifted their price target on shares of Shake Shack from $147.00 to $149.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Gordon Haskett raised Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a report on Wednesday. Two analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $122.59.

Shake Shack Trading Up 0.4 %

SHAK opened at $132.62 on Friday. The firm’s 50 day moving average is $129.82 and its 200-day moving average is $109.73. Shake Shack has a 52-week low of $64.16 and a 52-week high of $139.89. The company has a quick ratio of 1.98, a current ratio of 2.01 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $5.63 billion, a P/E ratio of 780.12, a P/E/G 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 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05. The business had revenue of $316.92 million for the quarter, compared to the consensus estimate of $316.03 million. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. The company’s revenue was up 14.7% on a year-over-year basis. During the same period last year, the business posted $0.17 EPS.

Insider Activity at Shake Shack

In other news, Director Daniel Harris Meyer sold 30,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $121.79, for a total value of $3,653,700.00. Following the sale, the director now owns 407,646 shares of the company’s stock, valued at approximately $49,647,206.34. The trade was a 6.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Katherine Irene Fogertey sold 642 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total value of $88,281.42. Following the completion of the sale, the chief financial officer now owns 30,717 shares of the company’s stock, valued at approximately $4,223,894.67. This trade represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 53,333 shares of company stock worth $6,566,330 in the last three months. 9.73% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SHAK. Hsbc Holdings PLC boosted its position in shares of Shake Shack by 303.3% in the 2nd quarter. Hsbc Holdings PLC now owns 16,604 shares of the company’s stock valued at $1,460,000 after purchasing an additional 12,487 shares during the period. Fisher Asset Management LLC lifted its stake in Shake Shack by 4.8% during the third quarter. Fisher Asset Management LLC now owns 354,114 shares of the company’s stock valued at $36,548,000 after buying an additional 16,097 shares in the last quarter. GDS Wealth Management acquired a new position in shares of Shake Shack in the third quarter worth about $417,000. Charles Schwab Investment Management Inc. increased its position in shares of Shake Shack by 7.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 353,501 shares of the company’s stock worth $36,485,000 after acquiring an additional 24,813 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Shake Shack by 3.6% in the 3rd quarter. FMR LLC now owns 243,549 shares of the company’s stock valued at $25,137,000 after acquiring an additional 8,512 shares in the last quarter. Institutional investors and hedge funds 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.