Shake Shack (SHAK) Set to Announce Earnings on Thursday
Shake Shack (NYSE:SHAK) is scheduled to be announcing its earnings results after the market closes on Thursday, February 15th. Analysts expect the company to announce earnings of $0.06 per share for the quarter.
Shares of Shake Shack (NYSE:SHAK) opened at $39.22 on Tuesday. Shake Shack has a 12-month low of $30.12 and a 12-month high of $47.39. The company has a market capitalization of $1,440.00, a P/E ratio of 63.26, a P/E/G ratio of 3.19 and a beta of 1.33.
Several analysts recently commented on SHAK shares. Morgan Stanley upgraded Shake Shack from an “underweight” rating to an “equal weight” rating and dropped their price target for the stock from $43.04 to $34.00 in a research report on Thursday, December 7th. Barclays reiterated an “equal weight” rating and set a $49.00 price target (up from $36.00) on shares of Shake Shack in a research report on Tuesday, January 16th. Cowen boosted their price target on Shake Shack from $36.00 to $42.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 19th. BidaskClub upgraded Shake Shack from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 14th. Finally, Jefferies Group cut Shake Shack from a “hold” rating to an “underperform” rating and set a $36.00 price target for the company. in a research report on Saturday, December 30th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Shake Shack presently has an average rating of “Hold” and a consensus target price of $38.94.
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About Shake Shack
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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