Jefferies Group Comments on Shake Shack Inc’s Q1 2018 Earnings (SHAK)

Shake Shack Inc (NYSE:SHAK) – Equities research analysts at Jefferies Group reduced their Q1 2018 earnings per share estimates for shares of Shake Shack in a report issued on Friday. Jefferies Group analyst A. Barish now expects that the company will post earnings of $0.10 per share for the quarter, down from their prior estimate of $0.11. Jefferies Group currently has a “Underperform” rating and a $36.00 target price on the stock. Jefferies Group also issued estimates for Shake Shack’s Q4 2018 earnings at $0.05 EPS and FY2019 earnings at $0.65 EPS.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. Shake Shack had a return on equity of 9.42% and a net margin of 4.78%. The company had revenue of $94.60 million during the quarter, compared to analysts’ expectations of $94.17 million. During the same quarter in the previous year, the business earned $0.15 EPS. Shake Shack’s revenue was up 26.8% compared to the same quarter last year.

SHAK has been the subject of several other reports. SunTrust Banks reiterated a “buy” rating and issued a $50.00 target price on shares of Shake Shack in a report on Friday, November 3rd. Cowen upped their target price on Shake Shack from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Thursday, November 2nd. Wedbush cut Shake Shack from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $40.00 to $36.00 in a report on Tuesday, September 26th. BidaskClub upgraded Shake Shack from a “strong sell” rating to a “sell” rating in a report on Saturday, September 23rd. Finally, Morgan Stanley upped their target price on Shake Shack from $32.00 to $34.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Shake Shack presently has an average rating of “Hold” and an average price target of $37.76.

Shake Shack (NYSE SHAK) traded down $1.41 on Monday, reaching $44.79. The company had a trading volume of 637,300 shares, compared to its average volume of 722,432. Shake Shack has a one year low of $30.12 and a one year high of $46.90. The stock has a market cap of $1,645.09, a PE ratio of 72.24, a P/E/G ratio of 3.87 and a beta of 1.43.

In other news, Director Daniel Harris Meyer sold 100,000 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $45.93, for a total value of $4,593,000.00. Following the completion of the transaction, the director now directly owns 642 shares of the company’s stock, valued at approximately $29,487.06. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Randall J. Garutti sold 8,000 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $35.62, for a total value of $284,960.00. Following the transaction, the chief executive officer now directly owns 18,961 shares in the company, valued at $675,390.82. The disclosure for this sale can be found here. Over the last three months, insiders sold 895,461 shares of company stock valued at $36,526,449. Corporate insiders own 34.91% of the company’s stock.

A number of large investors have recently made changes to their positions in SHAK. Fred Alger Management Inc. grew its stake in Shake Shack by 163.8% during the 2nd quarter. Fred Alger Management Inc. now owns 592,963 shares of the company’s stock valued at $20,683,000 after purchasing an additional 368,185 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in Shake Shack by 101.3% during the 2nd quarter. Lord Abbett & CO. LLC now owns 706,704 shares of the company’s stock valued at $24,650,000 after purchasing an additional 355,674 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new stake in Shake Shack during the 2nd quarter valued at about $8,681,000. Balyasny Asset Management LLC grew its stake in Shake Shack by 77.7% during the 2nd quarter. Balyasny Asset Management LLC now owns 539,181 shares of the company’s stock valued at $18,807,000 after purchasing an additional 235,681 shares during the last quarter. Finally, UBS Oconnor LLC purchased a new stake in Shake Shack during the 2nd quarter valued at about $5,525,000. 83.16% of the stock is currently owned by institutional investors.

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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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