Brokerages forecast that Shake Shack Inc (NYSE:SHAK) will post $0.04 earnings per share for the current quarter, Zacks reports. Seven analysts have issued estimates for Shake Shack’s earnings, with estimates ranging from ($0.01) to $0.10. Shake Shack reported earnings per share of $0.10 during the same quarter last year, which indicates a negative year-over-year growth rate of 60%. The company is scheduled to report its next quarterly earnings results on Thursday, February 21st.

On average, analysts expect that Shake Shack will report full year earnings of $0.69 per share for the current year, with EPS estimates ranging from $0.63 to $0.74. For the next fiscal year, analysts forecast that the company will post earnings of $0.73 per share, with EPS estimates ranging from $0.64 to $0.81. Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Shake Shack.

Shake Shack (NYSE:SHAK) last posted its earnings results on Thursday, November 1st. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.08. The company had revenue of $119.65 million during the quarter, compared to analyst estimates of $116.81 million. Shake Shack had a return on equity of 10.64% and a net margin of 0.40%. The company’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.17 EPS.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Shake Shack from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Wednesday, November 7th. ValuEngine cut Shake Shack from a “strong-buy” rating to a “buy” rating in a report on Friday, November 2nd. Wedbush cut their price objective on Shake Shack from $62.00 to $56.00 and set a “neutral” rating on the stock in a report on Friday, November 2nd. Barclays cut their price objective on Shake Shack from $59.00 to $56.00 and set an “equal weight” rating on the stock in a report on Friday, November 2nd. Finally, Cowen reiterated a “hold” rating and set a $59.00 price objective on shares of Shake Shack in a report on Wednesday, July 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Shake Shack has a consensus rating of “Hold” and a consensus price target of $54.50.

Shares of Shake Shack stock traded up $1.33 during trading on Friday, hitting $50.39. 861,617 shares of the company were exchanged, compared to its average volume of 900,943. The firm has a market capitalization of $1.90 billion, a P/E ratio of 88.30, a PEG ratio of 3.32 and a beta of 1.36. Shake Shack has a 1-year low of $36.58 and a 1-year high of $70.12.

In other Shake Shack news, Director Jonathan D. Sokoloff sold 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $57.15, for a total value of $28,575,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Equity Group L.P. Select sold 57,404 shares of the business’s stock in a transaction that occurred on Tuesday, October 23rd. The shares were sold at an average price of $53.56, for a total value of $3,074,558.24. The disclosure for this sale can be found here. Insiders sold a total of 1,284,560 shares of company stock worth $74,700,300 in the last 90 days. Company insiders own 30.18% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its stake in Shake Shack by 345.5% in the 3rd quarter. AQR Capital Management LLC now owns 17,715 shares of the company’s stock valued at $1,116,000 after acquiring an additional 13,739 shares in the last quarter. Macquarie Group Ltd. lifted its stake in Shake Shack by 15.0% in the 3rd quarter. Macquarie Group Ltd. now owns 621,204 shares of the company’s stock valued at $39,142,000 after acquiring an additional 81,186 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Shake Shack by 36.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 4,379 shares of the company’s stock valued at $276,000 after acquiring an additional 1,177 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Shake Shack by 31.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 17,519 shares of the company’s stock valued at $1,104,000 after acquiring an additional 4,242 shares in the last quarter. Finally, MetLife Investment Advisors LLC bought a new stake in Shake Shack in the 3rd quarter valued at approximately $1,084,000. Hedge funds and other institutional investors own 87.48% 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 October 9, 2018, it operated 180 locations in 26 U.S.

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

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