Shake Shack FY2024 EPS Estimate Boosted by William Blair

Shake Shack Inc. (NYSE:SHAK) – Equities researchers at William Blair raised their FY2024 EPS estimates for shares of Shake Shack in a research report issued on Monday, January 13th. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $0.89 for the year, up from their prior 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.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.25 EPS 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 business had revenue of $316.92 million during the quarter, compared to analysts’ expectations of $316.03 million. During the same period last year, the company posted $0.17 EPS. The business’s revenue was up 14.7% on a year-over-year basis.

Other equities analysts have also recently issued reports about the stock. Oppenheimer lifted their price target on shares of Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Stifel Nicolaus lifted their price target on shares of Shake Shack from $115.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, January 10th. Barclays raised shares of Shake Shack from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $125.00 to $159.00 in a research note on Tuesday, January 7th. Truist Financial dropped 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 note on Tuesday. Finally, Gordon Haskett raised shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $124.78.

Shake Shack Stock Performance

Shares of NYSE:SHAK opened at $117.09 on Wednesday. Shake Shack has a 52 week low of $64.16 and a 52 week high of $139.89. The stock has a market capitalization of $4.97 billion, a P/E ratio of 688.74, a PEG ratio of 1.91 and a beta of 1.86. The firm has a fifty day simple moving average of $129.29 and a two-hundred day simple moving average of $111.00. The company has a quick ratio of 1.98, a current ratio of 2.01 and a debt-to-equity ratio of 0.51.

Insider Activity

In other news, CFO Katherine Irene Fogertey sold 642 shares of the company’s stock in a transaction that occurred 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 represents a 2.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel Harris Meyer sold 22,691 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $124.47, for a total transaction of $2,824,348.77. Following the completion of the sale, the director now directly owns 437,646 shares of the company’s stock, valued at $54,473,797.62. The trade was a 4.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,333 shares of company stock worth $6,566,330. 9.73% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Shake Shack

Several hedge funds have recently modified their holdings of SHAK. Point72 Asset Management L.P. lifted its position in shares of Shake Shack by 154.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company’s stock worth $67,157,000 after purchasing an additional 395,311 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Shake Shack during the third quarter valued at approximately $39,677,000. Holocene Advisors LP lifted its position in Shake Shack by 68.3% during 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. Marshall Wace LLP lifted its position in Shake Shack by 101.2% during the second quarter. Marshall Wace LLP now owns 544,336 shares of the company’s stock valued at $48,990,000 after acquiring an additional 273,822 shares during the last quarter. Finally, Armistice Capital LLC lifted its position in Shake Shack by 69.1% during the second quarter. Armistice Capital LLC now owns 579,904 shares of the company’s stock valued at $52,191,000 after acquiring an additional 236,950 shares during the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

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.