Shake Shack, Inc. (NYSE:SHAK) posted its earnings results on Thursday. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04, Briefing.com reports. The firm had revenue of $91.30 million during the quarter, compared to analyst estimates of $89 million. Shake Shack had a net margin of 4.70% and a return on equity of 8.92%. Shake Shack’s revenue was up 37.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 EPS.

Shake Shack (SHAK) traded down 5.46% during mid-day trading on Friday, hitting $31.35. 2,897,239 shares of the company were exchanged. The stock has a market cap of $807.48 million, a P/E ratio of 58.27 and a beta of 1.29. The company has a 50 day moving average of $35.48 and a 200 day moving average of $35.01. Shake Shack has a 12-month low of $30.36 and a 12-month high of $42.94.

COPYRIGHT VIOLATION NOTICE: “Shake Shack, Inc. (NYSE:SHAK) Announces Earnings Results” was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/08/05/shake-shack-inc-nyseshak-announces-earnings-results.html.

SHAK has been the subject of a number of analyst reports. SunTrust Banks, Inc. set a $48.00 target price on shares of Shake Shack and gave the company a “buy” rating in a research note on Tuesday, June 27th. Wedbush reissued an “outperform” rating and set a $40.00 target price (down from $43.00) on shares of Shake Shack in a research note on Sunday, July 30th. Vetr raised shares of Shake Shack from a “buy” rating to a “strong-buy” rating and set a $42.33 target price for the company in a research note on Tuesday, June 20th. Zacks Investment Research lowered shares of Shake Shack from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Piper Jaffray Companies initiated coverage on shares of Shake Shack in a research note on Wednesday, May 24th. They set an “overweight” rating and a $44.00 target price for the company. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $37.60.

In other news, Director Daniel Harris Meyer sold 25,000 shares of the firm’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $38.04, for a total value of $951,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Randall J. Garutti sold 16,000 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $34.82, for a total transaction of $557,120.00. Following the completion of the transaction, the chief executive officer now directly owns 26,961 shares in the company, valued at approximately $938,782.02. The disclosure for this sale can be found here. Insiders sold a total of 381,011 shares of company stock worth $14,110,511 in the last ninety days. Insiders own 34.91% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Alps Advisors Inc. raised its position in shares of Shake Shack by 0.3% in the second quarter. Alps Advisors Inc. now owns 15,588 shares of the company’s stock valued at $544,000 after buying an additional 41 shares during the period. Municipal Employees Retirement System of Michigan raised its position in shares of Shake Shack by 6.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,380 shares of the company’s stock valued at $153,000 after buying an additional 280 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Shake Shack by 4.1% in the second quarter. Louisiana State Employees Retirement System now owns 7,600 shares of the company’s stock valued at $265,000 after buying an additional 300 shares during the period. Arizona State Retirement System raised its position in shares of Shake Shack by 4.3% in the second quarter. Arizona State Retirement System now owns 9,700 shares of the company’s stock valued at $338,000 after buying an additional 400 shares during the period. Finally, Texas Permanent School Fund raised its position in shares of Shake Shack by 4.2% in the second quarter. Texas Permanent School Fund now owns 13,540 shares of the company’s stock valued at $472,000 after buying an additional 549 shares during the period. 97.46% of the stock is currently owned by institutional investors.

Shake Shack Company Profile

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.

Earnings History for Shake Shack (NYSE:SHAK)

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