Shake Shack (NYSE:SHAK) Issues Earnings Results

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

Shake Shack Stock Performance

NYSE:SHAK traded up $2.53 during midday trading on Friday, reaching $107.47. The stock had a trading volume of 998,288 shares, compared to its average volume of 746,591. The stock has a market capitalization of $4.55 billion, a P/E ratio of 195.40, a PEG ratio of 3.71 and a beta of 1.78. Shake Shack has a 1-year low of $52.79 and a 1-year high of $110.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.03 and a quick ratio of 2.01. The firm’s fifty day simple moving average is $102.37 and its 200-day simple moving average is $80.42.

Analyst Ratings Changes

A number of research firms recently commented on SHAK. Raymond James raised their price objective on shares of Shake Shack from $90.00 to $115.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 16th. Oppenheimer increased their price target on shares of Shake Shack from $108.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. UBS Group boosted their price objective on shares of Shake Shack from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday. BTIG Research lifted their target price on shares of Shake Shack from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Finally, StockNews.com downgraded shares of Shake Shack from a “hold” rating to a “sell” rating in a research note on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $96.33.

Insiders Place Their Bets

In other news, Director Jeffrey Flug sold 304 shares of Shake Shack stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $108.05, for a total value of $32,847.20. Following the transaction, the director now directly owns 4,058 shares in the company, valued at $438,466.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Daniel Harris Meyer sold 23,966 shares of Shake Shack stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $100.13, for a total transaction of $2,399,715.58. Following the sale, the director now owns 526,471 shares of the company’s stock, valued at approximately $52,715,541.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey Flug sold 304 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $108.05, for a total value of $32,847.20. Following the completion of the transaction, the director now owns 4,058 shares of the company’s stock, valued at $438,466.90. The disclosure for this sale can be found here. Insiders sold a total of 100,760 shares of company stock valued at $10,190,420 in the last quarter. Insiders own 10.06% 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, 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.