Shake Shack (NYSE:SHAK) Issues Earnings Results

Shake Shack (NYSE:SHAK) issued its earnings results on Wednesday. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05, Briefing.com reports. The business had revenue of $316.92 million for 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 company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company posted $0.17 earnings per share. Shake Shack updated its Q4 2024 guidance to EPS.

Shake Shack Stock Performance

Shares of NYSE SHAK traded up $2.43 during mid-day trading on Friday, hitting $124.10. The stock had a trading volume of 1,003,510 shares, compared to its average volume of 1,138,472. The firm has a market cap of $5.27 billion, a PE ratio of 730.00, a PEG ratio of 3.35 and a beta of 1.81. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.03 and a current ratio of 2.01. The company has a 50 day moving average of $105.87 and a two-hundred day moving average of $98.65. Shake Shack has a twelve month low of $54.06 and a twelve month high of $130.20.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SHAK shares. The Goldman Sachs Group upped their target price on Shake Shack from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Wedbush reiterated a “neutral” rating and set a $90.00 target price on shares of Shake Shack in a report on Thursday, August 1st. Piper Sandler lowered shares of Shake Shack from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $121.00 to $114.00 in a report on Monday, August 19th. Capital One Financial started coverage on shares of Shake Shack in a research report on Monday, July 29th. They issued an “overweight” rating and a $95.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $115.00 price objective on shares of Shake Shack in a report on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $110.00.

Insiders Place Their Bets

In related news, Director Daniel Harris Meyer sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $110.24, for a total value of $1,102,400.00. Following the transaction, the director now owns 470,437 shares in the company, valued at approximately $51,860,974.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Shake Shack news, Director Daniel Harris Meyer sold 10,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $110.24, for a total value of $1,102,400.00. Following the sale, the director now directly owns 470,437 shares of the company’s stock, valued at approximately $51,860,974.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Katherine Irene Fogertey sold 321 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $103.93, for a total value of $33,361.53. Following the sale, the chief financial officer now directly owns 36,180 shares in the company, valued at $3,760,187.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,058 shares of company stock valued at $5,161,562. 9.73% of the stock is owned by company insiders.

Shake Shack Company Profile

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.