Shake Shack (NYSE:SHAK) Announces Earnings Results

Shake Shack (NYSE:SHAK) posted its earnings results on Thursday. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03, Briefing.com reports. Shake Shack had a net margin of 2.08% and a return on equity of 4.86%. The firm had revenue of $290.50 million during the quarter, compared to analyst estimates of $291.00 million. During the same period in the previous year, the business posted ($0.01) EPS. Shake Shack’s revenue was up 14.7% on a year-over-year basis.

Shake Shack Price Performance

Shares of SHAK stock opened at $107.47 on Friday. The firm’s 50 day moving average price is $102.37 and its two-hundred day moving average price is $80.59. The stock has a market cap of $4.55 billion, a PE ratio of 195.40, a PEG ratio of 3.80 and a beta of 1.78. Shake Shack has a 52-week low of $52.79 and a 52-week high of $110.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.01 and a current ratio of 2.03.

Insider Activity

In related news, Director Jeffrey Flug sold 304 shares of Shake Shack stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $103.01, for a total transaction of $31,315.04. Following the completion of the sale, the director now directly owns 3,754 shares of the company’s stock, valued at $386,699.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Shake Shack news, Director Daniel Harris Meyer sold 40,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $106.34, for a total value of $4,253,600.00. Following the completion of the transaction, 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 SEC, which can be accessed through this hyperlink. Also, Director Jeffrey Flug sold 304 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $103.01, for a total value of $31,315.04. Following the sale, the director now directly owns 3,754 shares in the company, valued at approximately $386,699.54. The disclosure for this sale can be found here. Insiders have sold a total of 100,760 shares of company stock valued at $10,190,420 in the last 90 days. 10.06% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on SHAK shares. Barclays lifted their target price on Shake Shack from $92.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday. Raymond James lifted their price target 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. Oppenheimer increased their price objective on Shake Shack from $108.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. JPMorgan Chase & Co. raised their price objective on Shake Shack from $65.00 to $100.00 and gave the stock an “underweight” rating in a research report on Monday, March 4th. Finally, BTIG Research raised their target price on Shake Shack from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Two 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $96.33.

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.