Shake Shack (NYSE:SHAK) will announce its earnings results after the market closes on Thursday, November 1st. Analysts expect the company to announce earnings of $0.13 per share for the quarter.
Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.11. Shake Shack had a return on equity of 10.39% and a net margin of 0.42%. The business had revenue of $116.30 million during the quarter, compared to analyst estimates of $110.70 million. During the same period in the previous year, the firm earned $0.20 EPS. Shake Shack’s quarterly revenue was up 27.4% compared to the same quarter last year. On average, analysts expect Shake Shack to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of SHAK opened at $50.07 on Tuesday. Shake Shack has a 52-week low of $35.43 and a 52-week high of $70.12. The company has a market capitalization of $1.93 billion, a P/E ratio of 87.84, a price-to-earnings-growth ratio of 3.80 and a beta of 1.21.
Several equities analysts recently issued reports on SHAK shares. Stifel Nicolaus started coverage on Shake Shack in a research report on Tuesday, October 9th. They issued a “hold” rating and a $65.00 price objective for the company. Zacks Investment Research upgraded Shake Shack from a “sell” rating to a “hold” rating in a research report on Tuesday, July 17th. Barclays boosted their price objective on Shake Shack from $52.00 to $59.00 and gave the company an “equal weight” rating in a research report on Monday, August 6th. Cowen reiterated a “hold” rating and issued a $59.00 price objective on shares of Shake Shack in a research report on Wednesday, July 25th. Finally, Morgan Stanley boosted their price objective on Shake Shack from $47.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, July 16th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $54.20.
About Shake Shack
Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of October 9, 2018, it operated 180 locations in 26 U.S.
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