The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share. The transaction was disclosed in a document filed with the SEC, which is available through this link.
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Shake Shack Inc. tumbled as much as 10 percent in late trading after same-store sales missed analysts’ estimates, signaling that the rapidly expanding chain isn’t immune to a slump that’s spreading through the fast-food industry. They now have a United States dollars 40 price target on the stock.
06/16/2016 – Buckingham Research began new coverage on Shake Shack, Inc. giving the company a “buy” rating.
03/08/2016 – Shake Shack, Inc. had its “equal-weight” rating reiterated by analysts at Barclays.
Shake Shack management also raised other guidance metrics for the year.
Separately, TheStreet Ratings team rates the stock as a “sell” with a ratings score of D. Through the close, they had increased 3.2 percent this year, compared with a 6.4 percent gain for the Standard & Poor’s 500 Index. The stock has received “0” rating after consensus analysis from analysts. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Meyer Daniel Harris retains 2,570,454 shares in the stock after this transaction. (NYSE:SHAK) was up +0.48% during the last trading session, with a day high of 42.94. The stock has a market cap of $911.93 million and a price-to-earnings ratio of 122.00.
Wedbush began new coverage on Shake Shack, Inc. giving the company a “underperform” rating. The firm has a 50 day moving average of $38.28 and a 200-day moving average of $36.84.
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For the full year, Shake Shack sees same-store sales growth between 4% and 5%. 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.
