Q4 Earnings Forecast for Shake Shack Issued By William Blair

Shake Shack Inc. (NYSE:SHAK) – Equities researchers at William Blair boosted their Q4 2024 earnings estimates for shares of Shake Shack in a note issued to investors on Monday, January 13th. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $0.24 for the quarter, up from their previous estimate of $0.12. The consensus estimate for Shake Shack’s current full-year earnings is $0.82 per share.

Other equities research analysts also recently issued reports about the company. Gordon Haskett raised Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a report on Wednesday, January 8th. UBS Group lifted their target price on shares of Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Oppenheimer boosted 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. Wedbush restated a “neutral” rating and issued a $130.00 price objective on shares of Shake Shack in a research report on Wednesday. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $102.00 target price (down previously from $105.00) on shares of Shake Shack in a research report on Tuesday, September 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $123.78.

Shake Shack Trading Down 1.4 %

Shares of SHAK stock opened at $115.25 on Thursday. The company has a market capitalization of $4.90 billion, a P/E ratio of 677.94, a price-to-earnings-growth ratio of 1.91 and a beta of 1.86. The company has a current ratio of 2.01, a quick ratio of 1.98 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $128.97 and its two-hundred day moving average is $111.20. Shake Shack has a twelve month low of $66.06 and a twelve month high of $139.89.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The firm had revenue of $316.92 million for the quarter, compared to analyst estimates of $316.03 million. Shake Shack had a return on equity of 6.28% and a net margin of 0.68%. The business’s revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the company posted $0.17 earnings per share.

Institutional Investors Weigh In On Shake Shack

A number of hedge funds and other institutional investors have recently modified their holdings of SHAK. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Shake Shack during the third quarter worth approximately $41,000. Quest Partners LLC purchased a new position in shares of Shake Shack during the 2nd quarter worth $38,000. Kimelman & Baird LLC acquired a new stake in shares of Shake Shack during the second quarter worth $45,000. Covestor Ltd grew its position in shares of Shake Shack by 41.6% in the third quarter. Covestor Ltd now owns 698 shares of the company’s stock valued at $72,000 after purchasing an additional 205 shares during the period. Finally, GAMMA Investing LLC increased its stake in Shake Shack by 56.3% in the fourth quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock valued at $96,000 after purchasing an additional 265 shares during the last quarter. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Shake Shack

In other Shake Shack news, CFO Katherine Irene Fogertey sold 642 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total transaction of $88,281.42. Following the sale, the chief financial officer now owns 30,717 shares in the company, valued at approximately $4,223,894.67. This represents a 2.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel Harris Meyer sold 22,691 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $124.47, for a total value of $2,824,348.77. Following the completion of the transaction, the director now directly owns 437,646 shares of the company’s stock, valued at approximately $54,473,797.62. This trade represents a 4.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,333 shares of company stock valued at $6,566,330. Insiders own 9.73% 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.