FY2024 EPS Estimates for Shake Shack Boosted by Analyst

Shake Shack Inc. (NYSE:SHAK) – Equities researchers at William Blair upped their FY2024 EPS estimates for Shake Shack in a research note issued on Monday, January 13th. William Blair analyst S. Zackfia now forecasts that the company will earn $0.89 per share for the year, up from their previous estimate of $0.78. The consensus estimate for Shake Shack’s current full-year earnings is $0.82 per share. William Blair also issued estimates for Shake Shack’s Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.31 EPS, Q3 2025 earnings at $0.23 EPS, FY2025 earnings at $1.12 EPS and FY2026 earnings at $1.28 EPS.

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

Several other equities research analysts have also recently issued reports on SHAK. Truist Financial dropped their target price on shares of Shake Shack from $149.00 to $143.00 and set a “buy” rating on the stock in a report on Tuesday. UBS Group raised their target price on shares of Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Wedbush restated a “neutral” rating and issued a $130.00 target price on shares of Shake Shack in a report on Wednesday. JPMorgan Chase & Co. restated an “underweight” rating and issued a $102.00 target price (down previously from $105.00) on shares of Shake Shack in a report on Tuesday, September 24th. Finally, Stifel Nicolaus raised their target price on shares of Shake Shack from $115.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $124.78.

Shake Shack Trading Up 0.2 %

Shares of NYSE SHAK opened at $117.09 on Wednesday. The company has a market cap of $4.97 billion, a PE ratio of 688.74, a P/E/G ratio of 1.91 and a beta of 1.86. The firm’s 50 day moving average price is $129.29 and its 200-day moving average price is $111.00. Shake Shack has a 52-week low of $64.16 and a 52-week high of $139.89. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.98 and a current ratio of 2.01.

Insider Activity

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

Institutional Trading of Shake Shack

A number of institutional investors and hedge funds have recently bought and sold shares of SHAK. Quest Partners LLC bought a new stake in Shake Shack in the 2nd quarter valued at $38,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Shake Shack in the 3rd quarter valued at $41,000. Kimelman & Baird LLC bought a new stake in Shake Shack in the 2nd quarter valued at $45,000. Covestor Ltd increased its holdings in Shake Shack by 41.6% in the 3rd quarter. Covestor Ltd now owns 698 shares of the company’s stock valued at $72,000 after acquiring an additional 205 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Shake Shack by 56.3% in the 4th quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock valued at $96,000 after acquiring an additional 265 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors.

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.