Shake Shack Inc (NYSE:SHAK) – Investment analysts at William Blair increased their Q1 2019 earnings per share (EPS) estimates for Shake Shack in a report released on Monday, April 22nd. William Blair analyst S. Zackfia now anticipates that the company will earn $0.11 per share for the quarter, up from their previous forecast of $0.10. William Blair also issued estimates for Shake Shack’s Q4 2019 earnings at $0.04 EPS and FY2020 earnings at $0.73 EPS.
Shake Shack (NYSE:SHAK) last released its earnings results on Monday, February 25th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $124.30 million for the quarter, compared to analyst estimates of $119.08 million. Shake Shack had a return on equity of 9.57% and a net margin of 3.30%. Shake Shack’s revenue was up 29.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 earnings per share.
A number of other research firms have also issued reports on SHAK. Zacks Investment Research raised Shake Shack from a “sell” rating to a “hold” rating in a report on Friday, March 29th. Wedbush lowered their target price on Shake Shack from $56.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday, February 26th. Finally, Longbow Research lowered Shake Shack from a “buy” rating to a “neutral” rating and set a $58.80 target price on the stock. in a report on Wednesday, April 17th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $54.09.
NYSE:SHAK opened at $60.85 on Wednesday. The stock has a market cap of $2.24 billion, a P/E ratio of 85.70, a PEG ratio of 4.33 and a beta of 1.45. Shake Shack has a 52-week low of $40.67 and a 52-week high of $70.12.
Several large investors have recently added to or reduced their stakes in SHAK. Vanguard Group Inc boosted its position in shares of Shake Shack by 28.5% in the 3rd quarter. Vanguard Group Inc now owns 2,878,119 shares of the company’s stock valued at $181,350,000 after purchasing an additional 638,875 shares during the period. Vanguard Group Inc. boosted its position in shares of Shake Shack by 28.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,878,119 shares of the company’s stock valued at $181,350,000 after purchasing an additional 638,875 shares during the period. Macquarie Group Ltd. boosted its position in shares of Shake Shack by 63.4% in the 4th quarter. Macquarie Group Ltd. now owns 1,014,914 shares of the company’s stock valued at $46,097,000 after purchasing an additional 393,710 shares during the period. RV Capital GmbH acquired a new position in shares of Shake Shack in the 4th quarter valued at $7,494,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Shake Shack by 139.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 275,963 shares of the company’s stock valued at $17,388,000 after purchasing an additional 160,854 shares during the period. Institutional investors and hedge funds own 83.47% of the company’s stock.
In related news, Director Daniel Harris Meyer sold 1,000 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $60.11, for a total value of $60,110.00. Following the completion of the transaction, the director now owns 1,032 shares in the company, valued at approximately $62,033.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan D. Sokoloff sold 250,000 shares of the stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $58.36, for a total value of $14,590,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 872,886 shares of company stock worth $48,646,526. 30.18% of the stock is owned by corporate insiders.
About Shake Shack
Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 26, 2018, it operated 208 Shacks, including 124 domestic company-operated Shacks, 12 domestic licensed Shacks, and 72 international licensed Shacks.
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