Shake Shack Inc (SHAK) Expected to Post Quarterly Sales of $97.29 Million
Analysts expect Shake Shack Inc (NYSE:SHAK) to announce sales of $97.29 million for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Shake Shack’s earnings. The highest sales estimate is $100.31 million and the lowest is $92.89 million. Shake Shack reported sales of $76.75 million during the same quarter last year, which indicates a positive year over year growth rate of 26.8%. The business is expected to issue its next quarterly earnings report on Thursday, May 3rd.
On average, analysts expect that Shake Shack will report full year sales of $97.29 million for the current financial year, with estimates ranging from $444.34 million to $455.37 million. For the next fiscal year, analysts expect that the firm will post sales of $583.86 million per share, with estimates ranging from $560.77 million to $610.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Shake Shack.
Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.04. The firm had revenue of $96.14 million during the quarter, compared to the consensus estimate of $92.80 million. Shake Shack had a positive return on equity of 9.47% and a negative net margin of 0.63%. The company’s revenue for the quarter was up 31.2% on a year-over-year basis. During the same quarter last year, the company posted $0.09 EPS.
In other Shake Shack news, Director Jeffrey Flug sold 15,904 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $41.31, for a total transaction of $656,994.24. Following the completion of the sale, the director now directly owns 4,415 shares in the company, valued at approximately $182,383.65. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Equity Group L.P. Select sold 95,564 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $45.43, for a total value of $4,341,472.52. The disclosure for this sale can be found here. Insiders sold a total of 701,840 shares of company stock valued at $30,228,298 in the last ninety days. 34.91% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of SHAK. Elkfork Partners LLC purchased a new position in Shake Shack in the fourth quarter worth approximately $123,000. Millennium Management LLC purchased a new position in shares of Shake Shack during the fourth quarter worth about $228,000. Sciencast Management LP purchased a new position in shares of Shake Shack during the fourth quarter worth about $227,000. Crossmark Global Holdings Inc. purchased a new position in shares of Shake Shack during the fourth quarter worth about $236,000. Finally, Rehmann Capital Advisory Group purchased a new position in shares of Shake Shack during the fourth quarter worth about $273,000. Institutional investors and hedge funds own 82.10% of the company’s stock.
Shake Shack (NYSE:SHAK) traded up $0.73 during trading hours on Thursday, reaching $42.33. The company had a trading volume of 491,258 shares, compared to its average volume of 1,363,002. The company has a market cap of $1,554.74, a P/E ratio of -529.06, a price-to-earnings-growth ratio of 4.12 and a beta of 1.41. Shake Shack has a one year low of $30.12 and a one year high of $47.39.
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About Shake Shack
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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