Shake Shack (SHAK) Scheduled to Post Earnings on Thursday

Shake Shack (NYSE:SHAK) will announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.02 EPS for the quarter. The business had revenue of $286.20 million during the quarter, compared to analyst estimates of $280.45 million. Shake Shack had a net margin of 1.82% and a return on equity of 3.67%. The company’s quarterly revenue was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.06) 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 Up 0.1 %

Shake Shack stock opened at $105.86 on Wednesday. The company has a 50-day simple moving average of $101.87 and a 200-day simple moving average of $79.71. The firm has a market capitalization of $4.48 billion, a P/E ratio of 230.13, a P/E/G ratio of 3.78 and a beta of 1.80. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.01 and a current ratio of 2.04. Shake Shack has a one year low of $52.64 and a one year high of $110.90.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. BTIG Research increased their target price on shares of Shake Shack from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Raymond James increased their target price on shares of Shake Shack from $90.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Friday, February 16th. TD Cowen reiterated a “buy” rating and issued a $125.00 target price on shares of Shake Shack in a research report on Wednesday, April 10th. JPMorgan Chase & Co. increased their target price on shares of Shake Shack from $65.00 to $100.00 and gave the company an “underweight” rating in a research report on Monday, March 4th. Finally, Wedbush reiterated a “neutral” rating and issued a $80.00 target price on shares of Shake Shack in a research report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $88.67.

Insider Buying and Selling at Shake Shack

In other Shake Shack news, Director Daniel Harris Meyer sold 40,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $106.34, for a total transaction of $4,253,600.00. Following the completion of the sale, the director now directly owns 480,437 shares of the company’s stock, valued at $51,089,670.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Shake Shack news, Director Daniel Harris Meyer sold 40,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $106.34, for a total transaction of $4,253,600.00. Following the completion of the sale, the director now directly owns 480,437 shares of the company’s stock, valued at $51,089,670.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey Flug sold 304 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $108.05, for a total transaction of $32,847.20. Following the sale, the director now directly owns 4,058 shares of the company’s stock, valued at $438,466.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,760 shares of company stock valued at $10,190,420. 10.06% of the stock is currently owned by corporate 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.