Shake Shack (SHAK) Scheduled to Post Quarterly Earnings on Thursday

Shake Shack (NYSE:SHAK - Get Free Report) will announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Shake Shack (NYSE:SHAK - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $286.20 million for the quarter, compared to analysts' expectations of $280.45 million. Shake Shack had a net margin of 1.82% and a return on equity of 3.67%. The business's quarterly revenue was up 20.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.06) earnings per share. On average, analysts expect Shake Shack to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shake Shack Stock Up 1.8 %

SHAK traded up $1.81 during trading on Thursday, hitting $101.35. The company had a trading volume of 718,042 shares, compared to its average volume of 940,660. The company has a market capitalization of $4.29 billion, a PE ratio of 220.33, a PEG ratio of 3.60 and a beta of 1.80. Shake Shack has a one year low of $52.64 and a one year high of $110.90. The firm's 50-day moving average price is $101.36 and its 200 day moving average price is $78.17. The company has a quick ratio of 2.01, a current ratio of 2.04 and a debt-to-equity ratio of 0.52.

Insider Activity at Shake Shack

In other Shake Shack news, Director Daniel Harris Meyer sold 30,000 shares of the business'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 owns 550,437 shares of the company's stock, valued at approximately $52,429,124.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Shake Shack news, Director Daniel Harris Meyer sold 30,000 shares of the business'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 owns 550,437 shares of the company's stock, valued at approximately $52,429,124.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey Flug sold 304 shares of the company's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $108.05, for a total transaction of $32,847.20. Following the sale, the director now directly owns 4,058 shares of the company's stock, valued at approximately $438,466.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,912 shares of company stock worth $10,201,834. Insiders own 10.06% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SHAK shares. TD Cowen reaffirmed a "buy" rating and issued a $125.00 price objective on shares of Shake Shack in a research report on Wednesday, April 10th. Oppenheimer boosted their price objective on shares of Shake Shack from $108.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, March 22nd. Wedbush reiterated a "neutral" rating and issued a $80.00 price target on shares of Shake Shack in a research note on Wednesday, February 14th. Truist Financial lifted their price target on shares of Shake Shack from $112.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday, April 2nd. Finally, UBS Group lifted their price target on shares of Shake Shack from $80.00 to $88.00 and gave the company a "neutral" rating in a research note on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Shake Shack presently has a consensus rating of "Hold" and a consensus target price of $88.67.

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.