Analysts Set Expectations for Shake Shack FY2024 Earnings

Shake Shack Inc. (NYSE:SHAK) – Research analysts at William Blair upped their FY2024 earnings per share (EPS) estimates for Shake Shack in a report issued on Monday, January 13th. William Blair analyst S. Zackfia now anticipates that the company will post earnings of $0.89 per share for the year, up from their prior forecast of $0.78. The consensus estimate for Shake Shack’s current full-year earnings is $0.82 per share. William Blair also issued estimates for Shake Shack’s Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.31 EPS, Q3 2025 earnings at $0.23 EPS, FY2025 earnings at $1.12 EPS and FY2026 earnings at $1.28 EPS.

SHAK has been the subject of several other reports. Gordon Haskett upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a report on Wednesday, January 8th. Barclays upgraded shares of Shake Shack from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $125.00 to $159.00 in a research note on Tuesday, January 7th. Stifel Nicolaus raised their target price on shares of Shake Shack from $115.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, January 10th. UBS Group boosted their target price on shares of Shake Shack from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, Truist Financial lowered their price target on Shake Shack from $149.00 to $143.00 and set a “buy” rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Shake Shack currently has a consensus rating of “Hold” and an average target price of $122.56.

Shake Shack Stock Performance

SHAK opened at $118.56 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.98 and a current ratio of 2.01. The company has a market cap of $5.04 billion, a PE ratio of 697.41, a price-to-earnings-growth ratio of 2.83 and a beta of 1.86. The stock has a 50-day moving average of $130.09 and a 200-day moving average of $110.72. Shake Shack has a 52-week low of $64.16 and a 52-week high of $139.89.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. Shake Shack had a net margin of 0.68% and a return on equity of 6.28%. The firm had revenue of $316.92 million during the quarter, compared to analysts’ expectations of $316.03 million. During the same period in the prior year, the company posted $0.17 earnings per share. Shake Shack’s revenue for the quarter was up 14.7% on a year-over-year basis.

Insiders Place Their Bets

In other Shake Shack news, CFO Katherine Irene Fogertey sold 642 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total transaction of $88,281.42. Following the completion of the transaction, the chief financial officer now owns 30,717 shares in the company, valued at $4,223,894.67. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel Harris Meyer sold 30,000 shares of Shake Shack stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $121.79, for a total value of $3,653,700.00. Following the sale, the director now directly owns 407,646 shares in the company, valued at $49,647,206.34. The trade was a 6.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,333 shares of company stock worth $6,566,330 over the last 90 days. Corporate insiders own 9.73% of the company’s stock.

Institutional Trading of Shake Shack

A number of large investors have recently bought and sold shares of SHAK. Quest Partners LLC acquired a new stake in shares of Shake Shack in the 2nd quarter valued at $38,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Shake Shack during the 3rd quarter worth about $41,000. Kimelman & Baird LLC bought a new position in Shake Shack during the 2nd quarter valued at about $45,000. Covestor Ltd boosted its position in Shake Shack by 41.6% in the third quarter. Covestor Ltd now owns 698 shares of the company’s stock valued at $72,000 after buying an additional 205 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Shake Shack by 56.3% during the fourth quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $96,000 after buying an additional 265 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors.

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.