Shake Shack Inc (NYSE:SHAK) – Research analysts at Piper Jaffray Companies boosted their FY2021 earnings per share (EPS) estimates for shares of Shake Shack in a report released on Sunday, July 14th. Piper Jaffray Companies analyst N. Regan now forecasts that the company will earn $0.91 per share for the year, up from their previous estimate of $0.87. Piper Jaffray Companies currently has a “Overweight” rating and a $86.00 target price on the stock.
Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. Shake Shack had a return on equity of 9.64% and a net margin of 2.88%. The firm had revenue of $132.60 million during the quarter, compared to the consensus estimate of $127.23 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 33.7% on a year-over-year basis.
Several other equities research analysts also recently issued reports on SHAK. Morgan Stanley set a $226.00 price target on S&P Global and gave the stock a “hold” rating in a report on Friday, May 3rd. Stifel Nicolaus set a $95.00 price target on C.H. Robinson Worldwide and gave the stock a “buy” rating in a report on Friday, May 3rd. TheStreet downgraded Viewray from a “c-” rating to a “d” rating in a report on Friday, May 3rd. SunTrust Banks upped their price target on Paylocity to $108.00 and gave the stock a “positive” rating in a report on Friday, May 3rd. Finally, Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Shake Shack presently has a consensus rating of “Hold” and a consensus target price of $60.44.
Shake Shack stock traded up $0.19 during trading on Wednesday, hitting $73.62. 47,207 shares of the company were exchanged, compared to its average volume of 649,751. The firm has a 50 day simple moving average of $67.72. Shake Shack has a 52 week low of $40.67 and a 52 week high of $76.49. The company has a market capitalization of $2.79 billion, a P/E ratio of 103.69, a P/E/G ratio of 5.71 and a beta of 1.41. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.17 and a quick ratio of 1.15.
In other Shake Shack news, CEO Randall J. Garutti sold 15,000 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $61.10, for a total value of $916,500.00. Following the completion of the transaction, the chief executive officer now owns 38,555 shares in the company, valued at approximately $2,355,710.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan D. Sokoloff sold 212,927 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $74.81, for a total value of $15,929,068.87. The disclosure for this sale can be found here. Insiders sold a total of 1,151,282 shares of company stock valued at $75,717,767 in the last 90 days. Corporate insiders own 21.85% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Macquarie Group Ltd. lifted its position in shares of Shake Shack by 63.4% during the 4th quarter. Macquarie Group Ltd. now owns 1,014,914 shares of the company’s stock valued at $46,097,000 after buying an additional 393,710 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Shake Shack by 51.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 417,461 shares of the company’s stock valued at $18,960,000 after buying an additional 141,498 shares during the last quarter. FMR LLC lifted its position in shares of Shake Shack by 13.0% during the 1st quarter. FMR LLC now owns 1,203,667 shares of the company’s stock valued at $71,197,000 after buying an additional 138,218 shares during the last quarter. Apertura Capital LLC lifted its position in shares of Shake Shack by 133.3% during the 1st quarter. Apertura Capital LLC now owns 175,000 shares of the company’s stock valued at $10,351,000 after buying an additional 100,000 shares during the last quarter. Finally, Zweig DiMenna Associates LLC purchased a new position in shares of Shake Shack during the 2nd quarter valued at $7,169,000. Hedge funds and other institutional investors own 84.37% of the company’s stock.
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, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 26, 2018, it operated 208 Shacks, including 124 domestic company-operated Shacks, 12 domestic licensed Shacks, and 72 international licensed Shacks.