Q1 2022 Earnings Estimate for Shake Shack Inc. (NYSE:SHAK) Issued By William Blair

Shake Shack Inc. (NYSE:SHAK) – Equities researchers at William Blair issued their Q1 2022 EPS estimates for shares of Shake Shack in a note issued to investors on Tuesday, January 11th. William Blair analyst S. Zackfia expects that the company will post earnings of ($0.09) per share for the quarter. William Blair also issued estimates for Shake Shack’s Q2 2022 earnings at $0.28 EPS, Q3 2022 earnings at $0.14 EPS, Q4 2022 earnings at ($0.13) EPS and FY2023 earnings at $0.57 EPS.

Several other brokerages have also recently issued reports on SHAK. UBS Group started coverage on Shake Shack in a research note on Friday, December 3rd. They issued a “neutral” rating and a $78.00 price objective on the stock. Truist Securities increased their price objective on Shake Shack from $100.00 to $102.00 and gave the stock a “buy” rating in a research note on Wednesday. Truist increased their price objective on Shake Shack from $100.00 to $102.00 and gave the stock a “buy” rating in a research note on Wednesday. Robert W. Baird dropped their target price on Shake Shack from $88.00 to $83.00 in a research report on Wednesday. Finally, Credit Suisse Group dropped their target price on Shake Shack from $102.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, November 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $93.17.

Shares of NYSE:SHAK opened at $69.29 on Thursday. Shake Shack has a 52-week low of $65.25 and a 52-week high of $138.38. The stock has a market cap of $2.91 billion, a P/E ratio of -138.58, a price-to-earnings-growth ratio of 83.15 and a beta of 1.52. The business’s 50 day moving average is $75.54 and its 200 day moving average is $83.36. The company has a quick ratio of 3.51, a current ratio of 3.54 and a debt-to-equity ratio of 0.55.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Thursday, November 4th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. Shake Shack had a positive return on equity of 0.19% and a negative net margin of 2.64%. The firm had revenue of $193.90 million for the quarter, compared to the consensus estimate of $197.47 million. During the same period in the prior year, the business posted ($0.11) earnings per share. The company’s revenue for the quarter was up 48.7% on a year-over-year basis.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in Shake Shack by 22.1% in the 2nd quarter. BlackRock Inc. now owns 6,987,446 shares of the company’s stock worth $747,797,000 after acquiring an additional 1,264,855 shares during the last quarter. Vanguard Group Inc. raised its stake in Shake Shack by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 3,908,823 shares of the company’s stock worth $418,323,000 after acquiring an additional 38,717 shares during the last quarter. Invesco Ltd. raised its stake in Shake Shack by 1.3% in the 2nd quarter. Invesco Ltd. now owns 1,108,586 shares of the company’s stock worth $118,640,000 after acquiring an additional 14,032 shares during the last quarter. State Street Corp raised its stake in Shake Shack by 4.5% in the 2nd quarter. State Street Corp now owns 1,106,935 shares of the company’s stock worth $118,464,000 after acquiring an additional 48,092 shares during the last quarter. Finally, Amundi purchased a new position in Shake Shack in the 2nd quarter worth $94,400,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Shake Shack Company Profile

Shake Shack, Inc operates as a holding company. The firm engages in operating fast food hamburger restaurants. It offers beef burgers, flat-top dogs, chicken sandwiches, frozen custard and crinkle cut fries and includes all the mobile ordering essentials. The company was founded by Daniel Harris Meyer on September 23, 2014 and is headquartered in New York, NY.

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Earnings History and Estimates for Shake Shack (NYSE:SHAK)

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