Piper Sandler Weighs in on Shake Shack Inc.’s Q1 2022 Earnings (NYSE:SHAK)

Shake Shack Inc. (NYSE:SHAK) – Analysts at Piper Sandler lowered their Q1 2022 earnings estimates for Shake Shack in a research note issued on Sunday, October 10th. Piper Sandler analyst N. Regan now forecasts that the company will post earnings of $0.03 per share for the quarter, down from their previous forecast of $0.05. Piper Sandler has a “Overweight” rating and a $100.00 price objective on the stock. Piper Sandler also issued estimates for Shake Shack’s Q3 2022 earnings at $0.13 EPS and Q4 2022 earnings at $0.07 EPS.

Shake Shack (NYSE:SHAK) last issued its earnings results on Thursday, August 5th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.12. The business had revenue of $187.46 million for the quarter, compared to analyst estimates of $181.62 million. Shake Shack had a negative return on equity of 0.36% and a negative net margin of 3.45%.

Several other research analysts also recently weighed in on SHAK. Morgan Stanley lowered their target price on Shake Shack from $101.00 to $93.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Oppenheimer lowered their target price on Shake Shack from $124.00 to $115.00 and set an “outperform” rating on the stock in a research note on Friday, August 6th. Loop Capital started coverage on Shake Shack in a research note on Tuesday, October 5th. They issued a “hold” rating and a $80.00 target price on the stock. Barclays lowered their target price on Shake Shack from $92.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Friday, August 6th. Finally, Cowen lowered their target price on Shake Shack from $93.00 to $86.00 and set a “market perform” rating on the stock in a research note on Friday, August 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $92.50.

NYSE:SHAK opened at $74.88 on Tuesday. The stock’s 50 day moving average price is $84.15 and its 200 day moving average price is $95.18. The company has a market capitalization of $3.15 billion, a PE ratio of -126.91 and a beta of 1.69. The company has a quick ratio of 3.49, a current ratio of 3.52 and a debt-to-equity ratio of 0.55. Shake Shack has a 52-week low of $64.02 and a 52-week high of $138.38.

Several hedge funds and other institutional investors have recently modified their holdings of SHAK. Russell Investments Group Ltd. acquired a new position in shares of Shake Shack in the first quarter worth about $221,000. Teacher Retirement System of Texas lifted its stake in shares of Shake Shack by 23.1% in the first quarter. Teacher Retirement System of Texas now owns 3,685 shares of the company’s stock worth $416,000 after acquiring an additional 692 shares in the last quarter. UBS Group AG lifted its stake in shares of Shake Shack by 61.8% in the first quarter. UBS Group AG now owns 60,012 shares of the company’s stock worth $6,768,000 after acquiring an additional 22,926 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Shake Shack by 36.7% in the first quarter. Sei Investments Co. now owns 55,461 shares of the company’s stock worth $6,254,000 after acquiring an additional 14,900 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its stake in shares of Shake Shack by 24.6% in the first quarter. Y Intercept Hong Kong Ltd now owns 3,815 shares of the company’s stock worth $425,000 after acquiring an additional 752 shares in the last quarter. 83.21% of the stock is owned by institutional investors.

Shake Shack Company Profile

Shake Shack, Inc operates as a holding company. The firm engages in operating fast food hamburger restaurants. It offers beef burgers, flat-top dogs, chicken sandwiches, frozen custard and crinkle cut fries and includes all the mobile ordering essentials. The company was founded by Daniel Harris Meyer on September 23, 2014 and is headquartered in New York, NY.

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Earnings History and Estimates for Shake Shack (NYSE:SHAK)

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