FY2024 EPS Estimates for Shake Shack Raised by William Blair

Shake Shack Inc. (NYSE:SHAK) – Research analysts at William Blair increased their FY2024 earnings estimates for shares of Shake Shack in a report released on Monday, January 13th. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of $0.89 for the year, up from their prior 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 released its quarterly earnings results on Wednesday, October 30th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The business had revenue of $316.92 million during the quarter, compared to analyst estimates 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 period last year, the business earned $0.17 EPS.

Several other research analysts have also commented on the company. Gordon Haskett upgraded 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. Barclays upgraded 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 note on Tuesday, January 7th. UBS Group raised their target price on Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Oppenheimer upped their price target on shares of Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Finally, Truist Financial reduced their target price on shares of Shake Shack from $149.00 to $143.00 and set a “buy” rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $124.78.

Shake Shack Stock Down 1.8 %

NYSE:SHAK opened at $116.63 on Wednesday. The stock has a 50-day simple moving average of $129.92 and a 200 day simple moving average of $110.92. Shake Shack has a one year low of $64.16 and a one year high of $139.89. The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of 686.06, a price-to-earnings-growth ratio of 2.83 and a beta of 1.86. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.98 and a current ratio of 2.01.

Insiders Place Their Bets

In other news, Director Daniel Harris Meyer sold 30,000 shares of the stock in a transaction 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 $49,647,206.34. This represents a 6.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Katherine Irene Fogertey sold 642 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 30,717 shares of the company’s stock, valued at $4,223,894.67. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,333 shares of company stock worth $6,566,330. Company insiders own 9.73% of the company’s stock.

Institutional Trading of Shake Shack

Several hedge funds and other institutional investors have recently modified their holdings of SHAK. Quest Partners LLC purchased a new stake in shares of Shake Shack during the second quarter worth $38,000. American Century Companies Inc. increased its position in Shake Shack by 18.6% during the second quarter. American Century Companies Inc. now owns 9,577 shares of the company’s stock worth $862,000 after buying an additional 1,505 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Shake Shack by 9.0% during the second quarter. Dimensional Fund Advisors LP now owns 801,003 shares of the company’s stock worth $72,088,000 after buying an additional 66,090 shares during the last quarter. Renaissance Technologies LLC increased its position in Shake Shack by 41.9% during the second quarter. Renaissance Technologies LLC now owns 437,600 shares of the company’s stock worth $39,384,000 after buying an additional 129,200 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in Shake Shack by 303.3% during the second quarter. Hsbc Holdings PLC now owns 16,604 shares of the company’s stock worth $1,460,000 after buying an additional 12,487 shares during the last quarter. 86.07% of the stock is currently owned by hedge funds and other 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.