Shake Shack Inc (NYSE:SHAK) – Analysts at SunTrust Banks raised their Q2 2018 earnings per share (EPS) estimates for shares of Shake Shack in a research report issued on Tuesday. SunTrust Banks analyst J. Bartlett now forecasts that the company will earn $0.24 per share for the quarter, up from their prior estimate of $0.19. SunTrust Banks has a “Buy” rating and a $50.00 price objective on the stock. SunTrust Banks also issued estimates for Shake Shack’s Q3 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.08 EPS and FY2018 earnings at $0.68 EPS.

Several other brokerages also recently issued reports on SHAK. BidaskClub raised shares of Shake Shack from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Morgan Stanley raised shares of Shake Shack from an “underweight” rating to an “equal weight” rating and cut their target price for the company from $43.04 to $34.00 in a research note on Thursday, December 7th. Barclays boosted their target price on shares of Shake Shack from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. Cowen boosted their target price on shares of Shake Shack from $36.00 to $42.00 and gave the company a “market perform” rating in a research note on Tuesday, December 19th. Finally, Jefferies Group downgraded shares of Shake Shack from a “hold” rating to an “underperform” rating and set a $36.00 target price on the stock. in a research note on Saturday, December 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $37.76.

Shares of Shake Shack (SHAK) opened at $44.17 on Friday. Shake Shack has a one year low of $30.12 and a one year high of $47.39. The stock has a market cap of $1,620.00 and a price-to-earnings ratio of 71.24.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Shake Shack had a return on equity of 9.42% and a net margin of 4.78%. The company had revenue of $94.60 million for the quarter, compared to analysts’ expectations of $94.17 million. During the same quarter in the prior year, the company earned $0.15 earnings per share. The firm’s revenue was up 26.8% on a year-over-year basis.

In other news, CEO Randall J. Garutti sold 8,000 shares of the business’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $35.62, for a total transaction of $284,960.00. Following the transaction, the chief executive officer now directly owns 18,961 shares in the company, valued at approximately $675,390.82. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Equity Group L.P. Select sold 52,276 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $45.03, for a total transaction of $2,353,988.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,058,737 shares of company stock worth $43,750,477. 34.91% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of SHAK. Victory Capital Management Inc. boosted its holdings in Shake Shack by 17.7% in the second quarter. Victory Capital Management Inc. now owns 4,371 shares of the company’s stock worth $152,000 after purchasing an additional 656 shares in the last quarter. Pacad Investment Ltd. boosted its holdings in Shake Shack by 1,225.0% in the second quarter. Pacad Investment Ltd. now owns 5,300 shares of the company’s stock worth $185,000 after purchasing an additional 4,900 shares in the last quarter. Cipher Capital LP bought a new stake in Shake Shack in the third quarter worth $211,000. Municipal Employees Retirement System of Michigan boosted its holdings in Shake Shack by 58.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,960 shares of the company’s stock worth $231,000 after purchasing an additional 2,580 shares in the last quarter. Finally, Parametric Portfolio Associates LLC bought a new stake in Shake Shack in the second quarter worth $247,000. Institutional investors and hedge funds own 83.16% of the company’s stock.

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Shake Shack Company Profile

Shake Shack Inc operates roadside burger stands. The Company serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. The Company’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard.

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