Wedbush Issues Optimistic Forecast for Shake Shack Earnings

Shake Shack Inc. (NYSE:SHAKFree Report) – Analysts at Wedbush lifted their FY2024 earnings estimates for Shake Shack in a research report issued to clients and investors on Wednesday, January 15th. Wedbush analyst N. Setyan now expects that the company will earn $0.90 per share for the year, up from their previous estimate of $0.80. Wedbush has a “Neutral” rating and a $130.00 price objective on the stock. The consensus estimate for Shake Shack’s current full-year earnings is $0.82 per share. Wedbush also issued estimates for Shake Shack’s Q2 2025 earnings at $0.34 EPS, Q4 2025 earnings at $0.32 EPS and FY2025 earnings at $1.26 EPS.

Several other equities analysts have also recently weighed in on the company. Truist Financial dropped their price objective on Shake Shack from $149.00 to $143.00 and set a “buy” rating on the stock in a research note on Tuesday. UBS Group raised their price target on shares of Shake Shack from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. TD Cowen reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Shake Shack in a research report on Wednesday, September 18th. Oppenheimer lifted their target price on shares of Shake Shack from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Finally, Barclays raised Shake Shack from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $125.00 to $159.00 in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $124.78.

Check Out Our Latest Report on Shake Shack

Shake Shack Stock Down 1.8 %

SHAK stock opened at $116.63 on Thursday. The firm has a market capitalization of $4.95 billion, a PE ratio of 686.06, a P/E/G ratio of 1.91 and a beta of 1.86. The company has a quick ratio of 1.98, a current ratio of 2.01 and a debt-to-equity ratio of 0.51. Shake Shack has a twelve month low of $64.16 and a twelve month high of $139.89. The stock’s 50 day moving average is $129.59 and its 200-day moving average is $110.96.

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

Institutional Investors Weigh In On Shake Shack

A number of institutional investors and hedge funds have recently modified their holdings of the company. Quest Partners LLC bought a new stake in Shake Shack during the 2nd quarter worth approximately $38,000. American Century Companies Inc. grew its position in shares of Shake Shack by 18.6% during the 2nd quarter. American Century Companies Inc. now owns 9,577 shares of the company’s stock valued at $862,000 after purchasing an additional 1,505 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Shake Shack by 9.0% in the second quarter. Dimensional Fund Advisors LP now owns 801,003 shares of the company’s stock worth $72,088,000 after purchasing an additional 66,090 shares during the period. Renaissance Technologies LLC raised its position in shares of Shake Shack by 41.9% in the second quarter. Renaissance Technologies LLC now owns 437,600 shares of the company’s stock worth $39,384,000 after buying an additional 129,200 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Shake Shack by 303.3% during the second quarter. Hsbc Holdings PLC now owns 16,604 shares of the company’s stock valued at $1,460,000 after buying an additional 12,487 shares during the period. 86.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Shake Shack

In other news, CFO Katherine Irene Fogertey sold 642 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was 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 of the company’s stock, valued at $4,223,894.67. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel Harris Meyer sold 22,691 shares of Shake Shack stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $124.47, for a total value of $2,824,348.77. Following the completion of the transaction, the director now owns 437,646 shares of the company’s stock, valued at approximately $54,473,797.62. This trade represents a 4.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,333 shares of company stock worth $6,566,330 over the last quarter. Corporate insiders own 9.73% of the company’s stock.

About Shake Shack

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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.

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Earnings History and Estimates for Shake Shack (NYSE:SHAK)

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