Q4 Earnings Forecast for Shake Shack Issued By William Blair

Shake Shack Inc. (NYSE:SHAK) – William Blair raised their Q4 2024 EPS estimates for Shake Shack in a report issued 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 prior forecast of $0.12. The consensus estimate for Shake Shack’s current full-year earnings is $0.82 per share.

A number of other analysts also recently issued reports on the stock. Wedbush reissued a “neutral” rating and set a $130.00 target price on shares of Shake Shack in a research report on Wednesday. Barclays raised shares of Shake Shack from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $125.00 to $159.00 in a research report on Tuesday, January 7th. Truist Financial cut their target price on shares of Shake Shack from $149.00 to $143.00 and set a “buy” rating on the stock in a research note on Tuesday. UBS Group upped their price target on shares of Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus cut their price objective on Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $123.78.

Shake Shack Stock Performance

Shares of NYSE:SHAK opened at $115.25 on Thursday. The firm has a market capitalization of $4.90 billion, a PE ratio of 677.94, a P/E/G ratio of 1.91 and a beta of 1.86. Shake Shack has a 12 month low of $66.06 and a 12 month high of $139.89. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98. The business has a 50-day moving average of $128.97 and a two-hundred day moving average of $111.20.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Quest Partners LLC acquired a new stake in Shake Shack during the second quarter worth about $38,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Shake Shack during the 3rd quarter worth approximately $41,000. Kimelman & Baird LLC bought a new stake in shares of Shake Shack in the 2nd quarter worth approximately $45,000. Covestor Ltd boosted its position in Shake Shack by 41.6% during the 3rd 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 grew its stake in Shake Shack by 56.3% during the 4th quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $96,000 after buying an additional 265 shares during the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Katherine Irene Fogertey sold 642 shares of Shake Shack stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $137.51, for a total value of $88,281.42. Following the completion of the transaction, the chief financial officer now owns 30,717 shares in the company, valued at approximately $4,223,894.67. This trade represents a 2.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel Harris Meyer sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $121.79, for a total value of $3,653,700.00. Following the sale, the director now directly owns 407,646 shares in the company, valued at approximately $49,647,206.34. This represents a 6.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,333 shares of company stock valued at $6,566,330 in the last ninety days. Corporate insiders own 9.73% 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.