Zacks Research Increases Earnings Estimates for Shake Shack

Shake Shack Inc. (NYSE:SHAK) – Equities researchers at Zacks Research upped their FY2026 earnings per share estimates for shares of Shake Shack in a research note issued to investors on Tuesday, December 10th. Zacks Research analyst H. Ray now expects that the company will post earnings of $1.38 per share for the year, up from their previous estimate of $1.33. The consensus estimate for Shake Shack’s current full-year earnings is $0.82 per share.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating 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 company had revenue of $316.92 million for the quarter, compared to the consensus estimate of $316.03 million. During the same period last year, the company earned $0.17 earnings per share. The firm’s revenue was up 14.7% compared to the same quarter last year.

Several other research analysts have also weighed in on the company. Barclays boosted their price target on Shake Shack from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Oppenheimer upped their price target on shares of Shake Shack from $122.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Truist Financial increased their price target on shares of Shake Shack from $127.00 to $144.00 and gave the company a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $102.00 target price (down from $105.00) on shares of Shake Shack in a research note on Tuesday, September 24th. Finally, Piper Sandler downgraded Shake Shack from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $121.00 to $114.00 in a research report on Monday, August 19th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $112.94.

Shake Shack Stock Down 2.4 %

Shares of SHAK stock opened at $134.84 on Thursday. The company has a current ratio of 2.01, a quick ratio of 1.98 and a debt-to-equity ratio of 0.51. The firm’s fifty day moving average price is $121.98 and its two-hundred day moving average price is $104.58. The firm has a market capitalization of $5.73 billion, a P/E ratio of 793.18, a PEG ratio of 2.98 and a beta of 1.85. Shake Shack has a 1 year low of $64.16 and a 1 year high of $139.89.

Institutional Investors Weigh In On Shake Shack

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Asset Management L.P. boosted its position in Shake Shack by 154.8% in the third quarter. Point72 Asset Management L.P. now owns 650,685 shares of the company’s stock valued at $67,157,000 after buying an additional 395,311 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Shake Shack during the 3rd quarter worth $39,677,000. Holocene Advisors LP increased its holdings in Shake Shack by 68.3% in the 3rd quarter. Holocene Advisors LP now owns 946,350 shares of the company’s stock worth $97,673,000 after purchasing an additional 384,131 shares in the last quarter. Marshall Wace LLP raised its position in Shake Shack by 101.2% in the second quarter. Marshall Wace LLP now owns 544,336 shares of the company’s stock valued at $48,990,000 after purchasing an additional 273,822 shares during the last quarter. Finally, Armistice Capital LLC boosted its stake in shares of Shake Shack by 69.1% during the second quarter. Armistice Capital LLC now owns 579,904 shares of the company’s stock valued at $52,191,000 after purchasing an additional 236,950 shares in the last quarter. 86.07% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Katherine Irene Fogertey sold 321 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $103.93, for a total transaction of $33,361.53. Following the completion of the sale, the chief financial officer now owns 36,180 shares of the company’s stock, valued at approximately $3,760,187.40. This represents a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel Harris Meyer sold 22,691 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $124.47, for a total value of $2,824,348.77. Following the sale, the director now owns 437,646 shares of the company’s stock, valued at $54,473,797.62. The trade was a 4.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,112 shares of company stock worth $7,623,215 in the last quarter. 9.73% of the stock is currently owned by corporate 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.