FY2024 EPS Estimates for Shake Shack Raised by William Blair

Shake Shack Inc. (NYSE:SHAK) – Equities researchers at William Blair lifted their FY2024 earnings estimates for Shake Shack in a research report issued to clients and investors on Monday, January 13th. William Blair analyst S. Zackfia now forecasts that the company will earn $0.89 per share for the year, up from their previous 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.

A number of other brokerages have also recently issued reports on SHAK. Wedbush reiterated a “neutral” rating and set a $130.00 price objective on shares of Shake Shack in a report on Wednesday. UBS Group lifted their price objective 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. TD Cowen reissued a “buy” rating and issued a $125.00 price target on shares of Shake Shack in a research report on Wednesday, September 18th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $102.00 price target (down previously from $105.00) on shares of Shake Shack in a research report on Tuesday, September 24th. Finally, Stifel Nicolaus boosted their price objective 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $124.78.

Shake Shack Stock Down 1.8 %

Shares of NYSE SHAK opened at $116.63 on Wednesday. The stock has a market capitalization of $4.95 billion, a P/E ratio of 686.06, a P/E/G ratio of 2.83 and a beta of 1.86. The company has a 50-day moving average price of $129.92 and a 200-day moving average price of $110.92. Shake Shack has a 1 year low of $64.16 and a 1 year high of $139.89. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.98.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Quest Partners LLC bought a new stake in Shake Shack during the 2nd quarter valued at about $38,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Shake Shack during the 3rd quarter valued at about $41,000. Kimelman & Baird LLC bought a new stake in Shake Shack during the 2nd quarter valued at about $45,000. Covestor Ltd increased its stake in Shake Shack by 41.6% during the 3rd quarter. Covestor Ltd now owns 698 shares of the company’s stock valued at $72,000 after purchasing an additional 205 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Shake Shack by 56.3% during the 4th quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock valued at $96,000 after purchasing an additional 265 shares in the last quarter. 86.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Shake Shack

In related news, CFO Katherine Irene Fogertey sold 642 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $137.51, for a total value of $88,281.42. Following the completion of the transaction, the chief financial officer now directly owns 30,717 shares in the company, valued at $4,223,894.67. This trade represents a 2.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel Harris Meyer sold 30,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $121.79, for a total transaction of $3,653,700.00. Following the completion of the transaction, the director now owns 407,646 shares of the company’s stock, valued at approximately $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 sold 53,333 shares of company stock valued at $6,566,330 in the last quarter. Company insiders own 9.73% of the company’s stock.

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.