Shake Shack (SHAK) Scheduled to Post Earnings on Wednesday

Shake Shack (NYSE:SHAK) will release its earnings data before the market opens on Wednesday, October 30th. Analysts expect Shake Shack to post earnings of $0.19 per share for the quarter. Shake Shack has set its Q3 2024 guidance at EPS and its FY 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. The business had revenue of $316.50 million for the quarter, compared to the consensus estimate of $314.37 million. Shake Shack had a net margin of 2.23% and a return on equity of 5.63%. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period last year, the firm posted $0.18 earnings per share. On average, analysts expect Shake Shack to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shake Shack Stock Performance

Shares of SHAK opened at $108.72 on Wednesday. The company’s 50 day moving average price is $104.68 and its 200 day moving average price is $97.90. Shake Shack has a 52 week low of $53.63 and a 52 week high of $113.50. The company has a market capitalization of $4.62 billion, a PE ratio of 175.35, a PEG ratio of 3.25 and a beta of 1.83. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.03 and a current ratio of 2.06.

Insiders Place Their Bets

In other Shake Shack news, Director Jeffrey Flug sold 304 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $90.39, for a total transaction of $27,478.56. Following the transaction, the director now directly owns 3,347 shares in the company, valued at approximately $302,535.33. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Daniel Harris Meyer sold 10,000 shares of Shake Shack stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $110.24, for a total transaction of $1,102,400.00. Following the transaction, the director now owns 470,437 shares of the company’s stock, valued at $51,860,974.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey Flug sold 304 shares of Shake Shack stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $90.39, for a total transaction of $27,478.56. Following the transaction, the director now directly owns 3,347 shares in the company, valued at $302,535.33. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,330 shares of company stock valued at $2,429,690 in the last 90 days. 9.73% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SHAK shares. Capital One Financial started coverage on shares of Shake Shack in a research note on Monday, July 29th. They issued an “overweight” rating and a $95.00 price objective for the company. Bank of America upped their target price on shares of Shake Shack from $104.00 to $116.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Barclays upped their target price on shares of Shake Shack from $110.00 to $115.00 and gave the company an “equal weight” rating in a research note on Tuesday. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $102.00 target price (down from $105.00) on shares of Shake Shack in a research note on Tuesday, September 24th. Finally, Morgan Stanley cut their target price on shares of Shake Shack from $108.00 to $100.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $107.67.

Shake Shack Company Profile

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.