Shake Shack Inc (SHAK) to Post Q1 2018 Earnings of $0.13 Per Share, SunTrust Banks Forecasts

Shake Shack Inc (NYSE:SHAK) – Stock analysts at SunTrust Banks upped their Q1 2018 earnings estimates for shares of Shake Shack in a note issued to investors on Tuesday, according to Zacks Investment Research. SunTrust Banks analyst J. Bartlett now anticipates that the company will post earnings of $0.13 per share for the quarter, up from their prior forecast of $0.12. SunTrust Banks currently has a “Buy” rating and a $50.00 price target on the stock. SunTrust Banks also issued estimates for Shake Shack’s FY2019 earnings at $0.83 EPS.

A number of other equities analysts have also recently commented on the company. BidaskClub raised Shake Shack from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Jefferies Group lowered Shake Shack from a “hold” rating to an “underperform” rating and set a $36.00 price objective on the stock. in a research report on Friday, December 22nd. Morgan Stanley upgraded Shake Shack from an “underweight” rating to an “equal weight” rating and cut their price objective for the stock from $43.04 to $34.00 in a research report on Thursday, December 7th. Cowen lifted their price objective on Shake Shack from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, November 2nd. Finally, Wedbush reiterated a “hold” rating and issued a $36.00 price objective on shares of Shake Shack in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $38.94.

Shake Shack (NYSE SHAK) opened at $43.59 on Thursday. The company has a market capitalization of $1,600.00 and a P/E ratio of 70.31. Shake Shack has a 12 month low of $30.12 and a 12 month high of $47.39.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The business had revenue of $94.60 million for the quarter, compared to analysts’ expectations of $94.17 million. Shake Shack had a return on equity of 9.42% and a net margin of 4.78%. The business’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 EPS.

Several hedge funds have recently bought and sold shares of the company. FMR LLC raised its stake in shares of Shake Shack by 5.7% in the second quarter. FMR LLC now owns 2,615,287 shares of the company’s stock worth $91,221,000 after purchasing an additional 142,140 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Shake Shack by 9.5% in the second quarter. Vanguard Group Inc. now owns 1,641,799 shares of the company’s stock worth $57,266,000 after purchasing an additional 143,027 shares during the last quarter. Sylebra HK Co Ltd raised its stake in shares of Shake Shack by 2.6% in the third quarter. Sylebra HK Co Ltd now owns 1,001,849 shares of the company’s stock worth $33,291,000 after purchasing an additional 25,546 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Shake Shack by 18.9% in the second quarter. Macquarie Group Ltd. now owns 844,390 shares of the company’s stock worth $29,452,000 after purchasing an additional 134,386 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its stake in shares of Shake Shack by 101.3% in the second quarter. Lord Abbett & CO. LLC now owns 706,704 shares of the company’s stock worth $24,650,000 after purchasing an additional 355,674 shares during the last quarter. Hedge funds and other institutional investors own 83.46% of the company’s stock.

In other Shake Shack news, SVP Peggy Rubenzer sold 5,400 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $37.90, for a total value of $204,660.00. Following the sale, the senior vice president now directly owns 22,815 shares of the company’s stock, valued at $864,688.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Zach Koff sold 5,000 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $37.00, for a total value of $185,000.00. Following the completion of the sale, the chief operating officer now directly owns 8,978 shares in the company, valued at $332,186. The disclosure for this sale can be found here. Insiders have sold 1,058,737 shares of company stock worth $43,750,477 over the last 90 days. 34.91% of the stock is currently owned by corporate insiders.

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Shake Shack Company Profile

Shake Shack Inc operates roadside burger stands. The Company serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. The Company’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard.

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