Zacks Research Reduces Earnings Estimates for Shake Shack

Shake Shack Inc. (NYSE:SHAK) – Equities research analysts at Zacks Research cut their FY2025 earnings per share estimates for shares of Shake Shack in a research report issued to clients and investors on Tuesday, March 25th. Zacks Research analyst H. Ray now anticipates that the company will post earnings of $1.24 per share for the year, down from their previous forecast of $1.26. The consensus estimate for Shake Shack’s current full-year earnings is $1.26 per share.

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

A number of other equities research analysts have also issued reports on SHAK. Wedbush increased their price target on Shake Shack from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Barclays raised shares of Shake Shack from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $125.00 to $159.00 in a report on Tuesday, January 7th. JPMorgan Chase & Co. dropped their price objective on shares of Shake Shack from $107.00 to $105.00 and set an “underweight” rating on the stock in a research report on Thursday, March 20th. Wells Fargo & Company initiated coverage on shares of Shake Shack in a research report on Wednesday. They set an “equal weight” rating and a $95.00 price objective for the company. Finally, Truist Financial increased their target price on Shake Shack from $143.00 to $154.00 and gave the company a “buy” rating in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $124.05.

Shake Shack Stock Up 0.6 %

Shares of NYSE SHAK opened at $93.93 on Friday. The stock has a market cap of $4.00 billion, a P/E ratio of 408.41 and a beta of 1.89. The business’s fifty day simple moving average is $105.87 and its 200-day simple moving average is $115.11. Shake Shack has a 12-month low of $77.50 and a 12-month high of $139.89. The company has a current ratio of 1.97, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50.

Institutional Investors Weigh In On Shake Shack

Several hedge funds have recently made changes to their positions in SHAK. Driehaus Capital Management LLC purchased a new stake in Shake Shack during the 4th quarter valued at approximately $66,349,000. Point72 Asset Management L.P. increased its holdings in shares of Shake Shack by 154.8% in the third quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company’s stock valued at $67,157,000 after purchasing an additional 395,311 shares during the period. Holocene Advisors LP raised its stake in shares of Shake Shack by 68.3% during the third quarter. Holocene Advisors LP now owns 946,350 shares of the company’s stock worth $97,673,000 after purchasing an additional 384,131 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Shake Shack by 30.7% during the fourth 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 during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Shake Shack by 204.0% during the fourth quarter. Ameriprise Financial Inc. now owns 324,109 shares of the company’s stock worth $42,064,000 after purchasing an additional 217,493 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.