Zacks Research Decreases Earnings Estimates for Shake Shack

Shake Shack Inc. (NYSE:SHAK) – Analysts at Zacks Research reduced their FY2025 earnings per share estimates for shares of Shake Shack in a report released on Tuesday, March 25th. Zacks Research analyst H. Ray now anticipates that the company will earn $1.24 per share for the year, down from their previous estimate of $1.26. The consensus estimate for Shake Shack’s current full-year earnings is $1.26 per share.

Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, February 20th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. Shake Shack had a net margin of 0.81% and a return on equity of 8.40%. The company had revenue of $328.68 million for the quarter, compared to analysts’ expectations of $329.02 million.

A number of other research firms have also issued reports on SHAK. Stifel Nicolaus reduced their price objective on Shake Shack from $128.00 to $110.00 and set a “hold” rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. reduced their price target on shares of Shake Shack from $107.00 to $105.00 and set an “underweight” rating for the company in a report on Thursday, March 20th. TD Securities reiterated a “buy” rating and issued a $140.00 price objective on shares of Shake Shack in a research report on Friday, February 21st. Wedbush upped their target price on shares of Shake Shack from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Finally, Wells Fargo & Company started coverage on Shake Shack in a report on Wednesday. They set an “equal weight” rating and a $95.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $124.05.

Shake Shack Price Performance

SHAK opened at $88.25 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $105.33 and its 200 day moving average price is $115.06. Shake Shack has a fifty-two week low of $77.50 and a fifty-two week high of $139.89. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 383.71 and a beta of 1.89.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SHAK. Vanguard Group Inc. grew its holdings in shares of Shake Shack by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 4,426,015 shares of the company’s stock worth $574,497,000 after acquiring an additional 49,883 shares during the last quarter. State Street Corp increased its stake in Shake Shack by 3.5% in the 3rd quarter. State Street Corp now owns 1,452,736 shares of the company’s stock worth $149,937,000 after purchasing an additional 49,324 shares in the last quarter. Invesco Ltd. increased its stake in Shake Shack by 30.7% in the 4th quarter. Invesco Ltd. now owns 1,245,093 shares of the company’s stock worth $161,613,000 after purchasing an additional 292,348 shares in the last quarter. Holocene Advisors LP raised its holdings in Shake Shack by 68.3% during the 3rd quarter. Holocene Advisors LP now owns 946,350 shares of the company’s stock worth $97,673,000 after buying an additional 384,131 shares during the period. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of Shake Shack by 17.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 894,286 shares of the company’s stock worth $116,078,000 after buying an additional 134,475 shares during the period. Institutional investors and hedge funds own 86.07% 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.