Shake Shack (SHAK) Set to Announce Quarterly Earnings on Thursday

Shake Shack (NYSE:SHAKGet Free Report) is scheduled to post its quarterly earnings results before the market opens on Thursday, February 15th. Analysts expect Shake Shack to post earnings of $0.00 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Shake Shack Stock Up 0.9 %

SHAK opened at $80.30 on Tuesday. The stock’s 50 day moving average price is $71.58 and its 200 day moving average price is $66.11. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.12 and a quick ratio of 2.09. The stock has a market cap of $3.40 billion, a P/E ratio of 2,008.00 and a beta of 1.75. Shake Shack has a 12 month low of $52.01 and a 12 month high of $81.89.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SHAK shares. Raymond James raised Shake Shack from an “outperform” rating to a “strong-buy” rating and set a $78.00 target price on the stock in a report on Wednesday, December 6th. Oppenheimer lifted their target price on Shake Shack from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of Shake Shack in a report on Thursday, October 19th. They issued a “hold” rating and a $62.00 price target for the company. HSBC began coverage on shares of Shake Shack in a research note on Wednesday, December 20th. They set a “hold” rating and a $74.00 target price for the company. Finally, Barclays decreased their target price on Shake Shack from $72.00 to $59.00 and set an “equal weight” rating on the stock in a report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $72.95.

Read Our Latest Stock Analysis on Shake Shack

Insider Buying and Selling

In other Shake Shack news, Director Jeffrey Flug sold 771 shares of the stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $75.07, for a total transaction of $57,878.97. Following the completion of the sale, the director now owns 5,740 shares of the company’s stock, valued at approximately $430,901.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 1,075 shares of company stock worth $80,852 in the last quarter. 10.06% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SHAK. Vanguard Group Inc. boosted its position in Shake Shack by 1.2% during the first quarter. Vanguard Group Inc. now owns 4,071,207 shares of the company’s stock valued at $276,435,000 after purchasing an additional 48,614 shares in the last quarter. State Street Corp lifted its position in Shake Shack by 2.4% during the second quarter. State Street Corp now owns 1,318,230 shares of the company’s stock worth $102,453,000 after buying an additional 30,401 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Shake Shack by 4.5% in the 1st quarter. Geode Capital Management LLC now owns 692,530 shares of the company’s stock valued at $38,429,000 after purchasing an additional 30,086 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Shake Shack by 5.9% during the first quarter. Dimensional Fund Advisors LP now owns 681,236 shares of the company’s stock worth $37,801,000 after buying an additional 37,782 shares during the period. Finally, Two Sigma Advisers LP raised its holdings in shares of Shake Shack by 30.8% in the 4th quarter. Two Sigma Advisers LP now owns 458,300 shares of the company’s stock valued at $19,033,000 after buying an additional 107,900 shares during the period. 91.70% of the stock is owned by hedge funds and other institutional investors.

About Shake Shack

(Get Free Report)

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. The company was founded in 2001 and is headquartered in New York, New York.

Featured Stories

Earnings History for Shake Shack (NYSE:SHAK)

Receive News & Ratings for Shake Shack Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shake Shack and related companies with MarketBeat.com's FREE daily email newsletter.