Shake Shack Inc (NYSE:SHAK) – Research analysts at Jefferies Group decreased their Q1 2018 earnings per share (EPS) estimates for shares of Shake Shack in a note issued to investors on Thursday. Jefferies Group analyst A. Barish now anticipates that the company will earn $0.08 per share for the quarter, down from their previous forecast of $0.10. Jefferies Group has a “Underperform” rating and a $36.00 price objective on the stock. Jefferies Group also issued estimates for Shake Shack’s Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.14 EPS, FY2018 earnings at $0.49 EPS and FY2019 earnings at $0.63 EPS.
SHAK has been the subject of several other reports. SunTrust Banks set a $54.00 target price on Shake Shack and gave the company a “buy” rating in a research note on Friday, February 16th. Cowen upped their target price on Shake Shack from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Thursday, November 2nd. Wedbush reiterated a “hold” rating and issued a $36.00 target price on shares of Shake Shack in a research note on Thursday, November 2nd. Barclays dropped their target price on Shake Shack from $49.00 to $45.00 and set an “equal weight” rating for the company in a research note on Friday, February 16th. Finally, Morgan Stanley upped their target price on Shake Shack from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.12.
Shake Shack (NYSE:SHAK) opened at $37.29 on Monday. The company has a market capitalization of $1,396.80, a price-to-earnings ratio of -466.07, a P/E/G ratio of 3.06 and a beta of 1.33. Shake Shack has a 12 month low of $30.12 and a 12 month high of $47.39.
Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, February 15th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.04. The firm had revenue of $96.14 million during the quarter, compared to analyst estimates of $92.80 million. Shake Shack had a positive return on equity of 9.50% and a negative net margin of 0.63%. The business’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 earnings per share.
In other Shake Shack news, Director Daniel Harris Meyer sold 100,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $42.90, for a total transaction of $4,290,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Randall J. Garutti sold 8,000 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $37.24, for a total value of $297,920.00. Following the sale, the chief executive officer now directly owns 18,961 shares of the company’s stock, valued at approximately $706,107.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,034,707 shares of company stock valued at $43,848,268. 34.91% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Millennium Management LLC purchased a new stake in shares of Shake Shack in the fourth quarter worth about $228,000. Sciencast Management LP purchased a new stake in shares of Shake Shack in the fourth quarter worth about $227,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Shake Shack in the fourth quarter worth about $236,000. Cipher Capital LP purchased a new stake in shares of Shake Shack in the third quarter worth about $211,000. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of Shake Shack by 58.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,960 shares of the company’s stock worth $231,000 after buying an additional 2,580 shares during the period. 82.49% of the stock is owned by hedge funds and other institutional investors.
Shake Shack Company Profile
Shake Shack Inc operates roadside burger stands. The Company serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. The Company’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard.
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