Shake Shack (NYSE:SHAK) Posts Earnings Results, Beats Estimates By $0.03 EPS

Shake Shack (NYSE:SHAK - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.03, Briefing.com reports. The company 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%. The company's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company earned ($0.01) earnings per share.

Shake Shack Stock Up 2.4 %

NYSE:SHAK traded up $2.53 during trading hours on Friday, hitting $107.47. 998,288 shares of the company's stock traded hands, compared to its average volume of 746,591. The stock's fifty day moving average price is $102.37 and its two-hundred day moving average price is $80.59. The firm has a market cap of $4.55 billion, a P/E ratio of 195.40, a P/E/G ratio of 3.71 and a beta of 1.78. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.01 and a current ratio of 2.03. Shake Shack has a twelve month low of $52.79 and a twelve month high of $110.90.

Analysts Set New Price Targets

Several equities analysts have commented on SHAK shares. UBS Group raised their target price on shares of Shake Shack from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday. Oppenheimer boosted their target price on Shake Shack from $108.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, March 22nd. JPMorgan Chase & Co. upped their target price on Shake Shack from $65.00 to $100.00 and gave the stock an "underweight" rating in a research report on Monday, March 4th. Wedbush lifted their price target on Shake Shack from $100.00 to $110.00 and gave the company a "neutral" rating in a research report on Friday. Finally, Raymond James lifted their target price on Shake Shack from $90.00 to $115.00 and gave the stock a "strong-buy" rating in a report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Shake Shack currently has an average rating of "Hold" and an average price target of $96.33.

Insiders Place Their Bets

In other news, Director Jeffrey Flug sold 304 shares of the company's 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 owns 4,058 shares in the company, valued at approximately $438,466.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Daniel Harris Meyer sold 40,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $106.34, for a total transaction of $4,253,600.00. Following the completion of the sale, the director now directly owns 480,437 shares in the company, valued at $51,089,670.58. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey Flug sold 304 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $438,466.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,760 shares of company stock worth $10,190,420. 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.