Wedbush Equities Analysts Raise Earnings Estimates for Shake Shack Inc. (NYSE:SHAK)

Shake Shack Inc. (NYSE:SHAK) – Research analysts at Wedbush boosted their Q2 2024 earnings per share (EPS) estimates for shares of Shake Shack in a note issued to investors on Friday, April 26th. Wedbush analyst N. Setyan now anticipates that the company will post earnings of $0.27 per share for the quarter, up from their prior forecast of $0.25. Wedbush currently has a “Neutral” rating and a $80.00 price objective on the stock. The consensus estimate for Shake Shack’s current full-year earnings is $0.71 per share. Wedbush also issued estimates for Shake Shack’s Q1 2025 earnings at $0.14 EPS and Q2 2025 earnings at $0.34 EPS.

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

SHAK has been the subject of several other research reports. BTIG Research raised their target price on shares of Shake Shack from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Raymond James raised their price objective on shares of Shake Shack from $90.00 to $115.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 16th. UBS Group upped their target price on Shake Shack from $80.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Robert W. Baird increased their price target on Shake Shack from $67.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, February 13th. Finally, Truist Financial boosted their price objective on Shake Shack from $112.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Shake Shack presently has a consensus rating of “Hold” and a consensus price target of $88.67.

Shake Shack Stock Performance

Shake Shack stock opened at $105.86 on Monday. The company’s 50-day moving average price is $101.70 and its 200-day moving average price is $79.34. The company has a quick ratio of 2.01, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The company has a market cap of $4.48 billion, a PE ratio of 230.13, a price-to-earnings-growth ratio of 3.78 and a beta of 1.80. Shake Shack has a twelve month low of $52.64 and a twelve month high of $110.90.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC increased its stake in Shake Shack by 37.4% during the 3rd quarter. CWM LLC now owns 1,349 shares of the company’s stock worth $78,000 after buying an additional 367 shares during the period. SG Americas Securities LLC increased its position in shares of Shake Shack by 6.9% during the third quarter. SG Americas Securities LLC now owns 3,747 shares of the company’s stock worth $218,000 after acquiring an additional 243 shares during the period. DAVENPORT & Co LLC boosted its holdings in Shake Shack by 8.9% in the third quarter. DAVENPORT & Co LLC now owns 9,939 shares of the company’s stock valued at $577,000 after purchasing an additional 814 shares during the period. Exchange Traded Concepts LLC acquired a new position in Shake Shack during the 3rd quarter worth $253,000. Finally, Commonwealth Equity Services LLC increased its holdings in Shake Shack by 5.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,560 shares of the company’s stock worth $265,000 after purchasing an additional 247 shares during the period. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Shake Shack news, Director Jeffrey Flug sold 304 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $108.05, for a total value of $32,847.20. Following the completion of the sale, the director now owns 4,058 shares of the company’s stock, valued at $438,466.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Shake Shack news, Director Daniel Harris Meyer sold 30,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $95.25, for a total transaction of $2,857,500.00. Following the sale, the director now owns 550,437 shares in the company, valued at approximately $52,429,124.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey Flug sold 304 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $108.05, for a total value of $32,847.20. Following the completion of the transaction, the director now directly owns 4,058 shares in the company, valued at $438,466.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,760 shares of company stock worth $10,190,420. Insiders own 10.06% of the company’s stock.

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.