Shake Shack Inc (NYSE:SHAK) – SunTrust Banks issued their Q1 2019 earnings estimates for shares of Shake Shack in a research report issued to clients and investors on Friday. SunTrust Banks analyst J. Bartlett forecasts that the company will post earnings per share of $0.10 for the quarter. SunTrust Banks currently has a “Buy” rating and a $54.00 target price on the stock. SunTrust Banks also issued estimates for Shake Shack’s Q2 2019 earnings at $0.24 EPS, Q3 2019 earnings at $0.21 EPS and Q4 2019 earnings at $0.04 EPS.
Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, February 15th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.04. Shake Shack had a negative net margin of 0.63% and a positive return on equity of 9.50%. The firm had revenue of $96.14 million during the quarter, compared to analyst estimates of $92.80 million. During the same period last year, the business earned $0.09 earnings per share. The business’s revenue was up 31.2% on a year-over-year basis.
Shake Shack (SHAK) traded down $0.44 during mid-day trading on Monday, hitting $37.59. 1,197,021 shares of the stock traded hands, compared to its average volume of 997,509. Shake Shack has a 1 year low of $30.12 and a 1 year high of $47.39. The stock has a market capitalization of $1,396.80, a price-to-earnings ratio of -470.57, a price-to-earnings-growth ratio of 3.06 and a beta of 1.33.
In other Shake Shack news, Director Daniel Harris Meyer sold 100,000 shares of Shake Shack stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $42.90, for a total value of $4,290,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Peggy Rubenzer sold 5,000 shares of Shake Shack stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $46.37, for a total transaction of $231,850.00. Following the completion of the sale, the senior vice president now directly owns 22,415 shares of the company’s stock, valued at approximately $1,039,383.55. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,034,707 shares of company stock valued at $43,848,268. 34.91% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the business. Millennium Management LLC purchased a new position in shares of Shake Shack during the 4th quarter worth $228,000. Sciencast Management LP purchased a new position in shares of Shake Shack during the 4th quarter worth $227,000. Crossmark Global Holdings Inc. purchased a new position in shares of Shake Shack during the 4th quarter worth $236,000. Cipher Capital LP purchased a new position in shares of Shake Shack during the 3rd quarter worth $211,000. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Shake Shack by 58.9% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,960 shares of the company’s stock worth $231,000 after acquiring an additional 2,580 shares during the last quarter. 82.49% of the stock is owned by institutional investors and hedge funds.
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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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