The company presently has a consensus rating of "Hold" and a consensus target price of $37.76. During the same period in the prior year, the firm posted $0.15 EPS. analysts forecast that Shake Shack will post 0.52 EPS for the current year.
Accern also gave news coverage about the company an impact score of 43.096348319214 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next several days. BidaskClub raised shares of Shake Shack from a "strong sell" rating to a "sell" rating in a research note on Saturday, September 23rd. The firm has "Buy" rating given on Wednesday, January 3 by SunTrust. Cowen lifted their price target on shares of Shake Shack from $35.00 to $36.00 and gave the stock a "market perform" rating in a research note on Thursday, November 2nd. The stock of Shake Shack Inc.
Among 13 analysts covering Shake Shack (NYSE:SHAK), 6 have Buy rating, 1 Sell and 6 Hold. The firm earned "Hold" rating on Monday, September 18 by Stifel Nicolaus. The stock has a market cap of $1,620.00 and a PE ratio of 71.35. Shake Shack Inc has a fifty-two week low of $30.12 and a fifty-two week high of $47.39.
ILLEGAL ACTIVITY WARNING: "Q1 2018 Earnings Estimate for Shake Shack Inc Issued By SunTrust Banks (NYSE:SHAK)" was reported by Week Herald and is the property of of Week Herald. The business had revenue of $94.60 million during the quarter, compared to analysts' expectations of $94.17 million. Shake Shack Inc. (NYSE:SHAK) has risen 9.19% since January 12, 2017 and is uptrending. The firm's revenue for the quarter was up 26.8% on a year-over-year basis. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.15 by $0.02.
Several other large investors have also bought and sold shares of the stock. Municipal Employees Retirement System of MI now owns 4,380 shares of the company's stock worth $153,000 after purchasing an additional 280 shares during the period. Victory Capital Management Inc. boosted its position in shares of Shake Shack by 17.7% in the 2nd quarter.
On Friday, November 3rd, Equity Group L.P. Select sold 50,630 shares of Shake Shack stock. Morgan Stanley now owns 2,110,317 shares of the company's stock valued at $73,165,000 after buying an additional 554,919 shares during the last quarter. Pacad Investment Ltd. grew its holdings in Shake Shack by 1,225.0% in the 2nd quarter. Municipal Employees Retirement System of MI now owns 4,380 shares of the company's stock valued at $153,000 after buying an additional 280 shares during the last quarter. Finally, Lord Abbett & CO. Municipal Employees Retirement System of MI boosted its position in shares of Shake Shack by 58.9% in the 3rd quarter. Finally, Zevenbergen Capital Investments LLC purchased a new stake in Shake Shack during the third quarter valued at about $24,073,000. Institutional investors and hedge funds own 83.16% of the company's stock. The firm has "Buy" rating by Wedbush given on Friday, August 4. The Tributary Capital Management Llc holds 16,660 shares with $2.06M value, up from 12,860 last quarter. About 405,336 shares traded. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
In other news, Director Daniel Harris Meyer sold 20,000 shares of the stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $35.62, for a total transaction of $284,960.00. Following the completion of the sale, the chief executive officer now owns 11,100 shares in the company, valued at $387,723. The disclosure for this sale can be found here.
The stock decreased 0.76% or $0.33 during the last trading session, reaching $43.15. The stock of The Coca-Cola Company (NYSE:KO) has "Neutral" rating given on Friday, February 5 by Susquehanna. If you are reading this news story on another website, it was copied illegally and republished in violation of US and worldwide copyright law. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States & worldwide copyright law.
Shake Shack Inc. owns, operates, and licenses Shake Shack restaurants in the United States and internationally. Shacks offers hamburgers, hot dogs, crispy chicken, crinkle-cut fries, shakes, frozen custard, beer, shakes, wine, and other products.