Shake Shack (NYSE:SHAK) Announces Earnings Results

Shake Shack (NYSE:SHAK) announced its earnings results on Thursday. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03, Briefing.com reports. Shake Shack had a net margin of 2.08% and a return on equity of 4.86%. The company had revenue of $290.50 million during the quarter, compared to analyst estimates of $291.00 million. During the same quarter last year, the firm posted ($0.01) earnings per share. Shake Shack’s revenue was up 14.7% compared to the same quarter last year.

Shake Shack Stock Performance

NYSE SHAK traded up $2.53 on Friday, reaching $107.47. The stock had a trading volume of 998,288 shares, compared to its average volume of 746,591. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.01 and a current ratio of 2.03. The stock has a market cap of $4.55 billion, a P/E ratio of 195.40, a price-to-earnings-growth ratio of 3.71 and a beta of 1.78. The business’s 50-day moving average price is $102.37 and its 200 day moving average price is $80.42. Shake Shack has a 12-month low of $52.79 and a 12-month high of $110.90.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. BTIG Research upped their price objective on shares of Shake Shack from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Barclays lifted their target price on Shake Shack from $92.00 to $108.00 and gave the company an “equal weight” rating in a research report on Friday. Morgan Stanley upped their target price on shares of Shake Shack from $88.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. TD Cowen reissued a “buy” rating and issued a $125.00 price target on shares of Shake Shack in a research report on Thursday. Finally, Robert W. Baird boosted their price target on shares of Shake Shack from $102.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $96.33.

Insider Activity

In other news, Director Daniel Harris Meyer sold 30,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $95.25, for a total value of $2,857,500.00. Following the completion of the sale, the director now directly owns 550,437 shares of the company’s stock, valued at $52,429,124.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Daniel Harris Meyer sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $95.25, for a total value of $2,857,500.00. Following the transaction, the director now owns 550,437 shares of the company’s stock, valued at $52,429,124.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeffrey Flug sold 304 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $103.01, for a total value of $31,315.04. Following the sale, the director now owns 3,754 shares of the company’s stock, valued at approximately $386,699.54. The disclosure for this sale can be found here. Insiders have sold 100,760 shares of company stock valued at $10,190,420 in the last ninety days. 10.06% of the stock is currently owned by company insiders.

About Shake Shack

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.