Shake Shack Inc. (SHAK) Analysts See $0.09 EPS as of May, 3

Tuesday, 17 Apr, 2018

Shake Shack (NYSE:SHAK) last announced its quarterly earnings results on Thursday, February 15th. Its down 15.94% from 8.66M shares previously. Cowen upped 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. Out of 5 Wall Street analysts rating Mallinckrodt plc, 5 give it "Buy", 0 "Sell" rating, while 0 recommend "Hold". Five analysts have provided estimates for Shake Shack's earnings. SHAK outperformed the S&P500 by 15.57%. The company had a trading volume of 330,407 shares, compared to its average volume of 826,094. Deutsche Bank maintained the shares of MNK in report on Wednesday, August 31 with "Buy" rating. Morgan Stanley reiterated an "underweight" rating and issued a $34.00 price objective on shares of Shake Shack in a research note on Friday, March 3rd.

The stock increased 1.52% or $0.21 during the last trading session, reaching $14. About 157,707 shares traded. The firm has a market cap of $1,593.63, a price-to-earnings ratio of 76.21, a P/E/G ratio of 4.21 and a beta of 1.29. Mallinckrodt Public Limited Company (MNK) has declined 68.69% since April 16, 2017 and is downtrending.

Shake Shack Inc. owns, operates, and licenses Shake Shack restaurants in the United States and internationally.The firm is worth $1.64 billion. Rehmann Capital Advisory Group bought a new stake in shares of Shake Shack in the 4th quarter valued at approximately $273,000. On Thursday, November 2 the firm earned "Equal-Weight" rating by Barclays Capital. (NYSE:SHAK) earned "Buy" rating by SunTrust. ValuEngine upgraded Shake Shack from a "hold" rating to a "buy" rating in a research report on Saturday, April 7th. Shacks offers hamburgers, hot dogs, crispy chicken, crinkle-cut fries, shakes, frozen custard, beer, shakes, wine, and other it has negative earnings. It now has negative earnings. Morgan Stanley maintained Shake Shack Inc. The stock presently has an average rating of "Buy" and an average price target of $40.81. On Thursday, November 2 Barclays Capital maintained the shares of SHAK in report with "Equal-Weight" rating. (NYSE:SHAK) with "Sell" rating. The stock rating was maintained by Barclays Capital with "Hold" on Tuesday, January 16. On Friday, January 6 the stock rating was downgraded by Buckingham Research to "Neutral". 78 funds opened positions while 160 raised stakes. Moreover, Gvo Asset Management Ltd has 0.51% invested in the company for 97,400 shares. Municipal Employees Retirement System of MI now owns 6,960 shares of the company's stock valued at $231,000 after acquiring an additional 2,580 shares in the last quarter. Following the transaction, the chief executive officer now directly owns 38,041 shares of the company's stock, valued at $1,560,061.41. 7,191 were reported by Nomura Holdg Inc. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.06 by $0.04. As of December 27, 2017, it had 159 Shacks, including 90 domestic company-operated Shacks, 10 domestic licensed Shacks, and 59 global licensed Shacks.

Analysts await Whirlpool Corporation (NYSE:WHR) to report earnings on April, 23.

Brokerages expect Shake Shack (NYSE:SHAK) to report sales of $97.29 million for the current quarter, according to Zacks Investment Research.

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