Q2 2022 Earnings Forecast for Shake Shack Inc. Issued By Wedbush (NYSE:SHAK)

Shake Shack Inc. (NYSE:SHAK) – Stock analysts at Wedbush reduced their Q2 2022 EPS estimates for shares of Shake Shack in a research note issued on Wednesday, January 12th. Wedbush analyst N. Setyan now expects that the company will earn ($0.01) per share for the quarter, down from their previous forecast of $0.01.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, November 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. Shake Shack had a positive return on equity of 0.19% and a negative net margin of 2.64%. The firm had revenue of $193.90 million for the quarter, compared to analysts’ expectations of $197.47 million. During the same quarter in the prior year, the firm posted ($0.11) earnings per share. Shake Shack’s revenue for the quarter was up 48.7% compared to the same quarter last year.

A number of other analysts have also recently weighed in on the company. MKM Partners dropped their price target on Shake Shack from $103.00 to $83.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 2nd. Truist raised their target price on Shake Shack from $100.00 to $102.00 and gave the company a “buy” rating in a research report on Wednesday. Credit Suisse Group lowered their target price on Shake Shack from $102.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, November 5th. Loop Capital started coverage on Shake Shack in a research report on Tuesday, October 5th. They issued a “hold” rating and a $80.00 target price on the stock. Finally, Morgan Stanley lowered their target price on Shake Shack from $87.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $93.17.

Shares of NYSE SHAK opened at $69.29 on Thursday. The stock’s 50 day moving average price is $75.54 and its two-hundred day moving average price is $83.36. Shake Shack has a 52-week low of $65.25 and a 52-week high of $138.38. The stock has a market capitalization of $2.91 billion, a P/E ratio of -138.58, a PEG ratio of 83.15 and a beta of 1.52. The company has a quick ratio of 3.51, a current ratio of 3.54 and a debt-to-equity ratio of 0.55.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. bought a new stake in shares of Shake Shack during the 3rd quarter worth $29,000. Spire Wealth Management purchased a new stake in shares of Shake Shack in the fourth quarter valued at $29,000. Advisory Services Network LLC purchased a new stake in shares of Shake Shack in the second quarter valued at $65,000. Dark Forest Capital Management LP lifted its holdings in shares of Shake Shack by 633.0% in the third quarter. Dark Forest Capital Management LP now owns 645 shares of the company’s stock valued at $51,000 after purchasing an additional 557 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Shake Shack by 61.5% in the third quarter. KBC Group NV now owns 1,458 shares of the company’s stock valued at $114,000 after purchasing an additional 555 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Shake Shack Company Profile

Shake Shack, Inc operates as a holding company. The firm engages in operating fast food hamburger restaurants. It offers beef burgers, flat-top dogs, chicken sandwiches, frozen custard and crinkle cut fries and includes all the mobile ordering essentials. The company was founded by Daniel Harris Meyer on September 23, 2014 and is headquartered in New York, NY.

Further Reading: What is a growth and income fund?

Earnings History and Estimates for Shake Shack (NYSE:SHAK)

Receive News & Ratings for Shake Shack Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shake Shack and related companies with MarketBeat.com's FREE daily email newsletter.