What is Wedbush’s Forecast for Shake Shack Q4 Earnings?

Shake Shack Inc. (NYSE:SHAK) – Equities research analysts at Wedbush boosted their Q4 2024 earnings estimates for shares of Shake Shack in a research report issued on Wednesday, January 15th. Wedbush analyst N. Setyan now anticipates that the company will post earnings of $0.24 per share for the quarter, up from their previous forecast of $0.15. Wedbush currently has a “Neutral” rating and a $130.00 target price on the stock. The consensus estimate for Shake Shack’s current full-year earnings is $0.82 per share. Wedbush also issued estimates for Shake Shack’s Q1 2025 earnings at $0.25 EPS and Q3 2025 earnings at $0.35 EPS.

SHAK has been the subject of several other reports. Gordon Haskett raised shares of Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $102.00 price objective (down from $105.00) on shares of Shake Shack in a report on Tuesday, September 24th. Stifel Nicolaus lowered their target price on shares of Shake Shack from $128.00 to $110.00 and set a “hold” rating on the stock in a research report on Friday. Truist Financial reduced their price target on Shake Shack from $149.00 to $143.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Barclays raised Shake Shack from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $125.00 to $159.00 in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $123.78.

Shake Shack Trading Down 1.4 %

NYSE:SHAK opened at $115.25 on Friday. The company has a market capitalization of $4.90 billion, a P/E ratio of 677.94, a P/E/G ratio of 1.91 and a beta of 1.86. The stock’s 50 day moving average price is $128.97 and its 200 day moving average price is $111.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.98 and a current ratio of 2.01. Shake Shack has a 52 week low of $66.06 and a 52 week high of $139.89.

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 company had revenue of $316.92 million for the quarter, compared to analyst estimates of $316.03 million. During the same period in the prior year, the firm posted $0.17 EPS. The business’s revenue was up 14.7% compared to the same quarter last year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp raised its stake in shares of Shake Shack by 3.5% in the 3rd quarter. State Street Corp now owns 1,452,736 shares of the company’s stock valued at $149,937,000 after buying an additional 49,324 shares in the last quarter. Holocene Advisors LP increased its stake in Shake Shack by 68.3% in the third quarter. Holocene Advisors LP now owns 946,350 shares of the company’s stock valued at $97,673,000 after acquiring an additional 384,131 shares during the period. Geode Capital Management LLC increased its stake in Shake Shack by 3.1% in the third quarter. Geode Capital Management LLC now owns 876,380 shares of the company’s stock valued at $90,470,000 after acquiring an additional 26,620 shares during the period. Dimensional Fund Advisors LP raised its position in Shake Shack by 9.0% in the second quarter. Dimensional Fund Advisors LP now owns 801,003 shares of the company’s stock worth $72,088,000 after purchasing an additional 66,090 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in Shake Shack by 154.8% during the third quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company’s stock worth $67,157,000 after purchasing an additional 395,311 shares during the period. 86.07% of the stock is owned by institutional investors.

Insider Activity at Shake Shack

In other Shake Shack news, Director Daniel Harris Meyer sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $121.79, for a total value of $3,653,700.00. Following the completion of the sale, the director now owns 407,646 shares in the company, valued at approximately $49,647,206.34. This trade represents a 6.85 % 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, CFO Katherine Irene Fogertey sold 642 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total value of $88,281.42. Following the sale, the chief financial officer now owns 30,717 shares in the company, valued at approximately $4,223,894.67. This represents a 2.05 % 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 worth $6,566,330 in the last ninety days. 9.73% of the stock is currently owned by 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, 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.