Shake Shack Inc (NYSE: SHAK) closed the day trading at $100.33 down -2.02% from the previous closing price of $102.40. In other words, the price has decreased by -$2.07 from its previous closing price. On the day, 611321 shares were traded.
Ratios:
For a better understanding of SHAK, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.01 and its Current Ratio is at 2.04. In the meantime, Its Debt-to-Equity ratio is 1.74 whereas as Long-Term Debt/Eq ratio is at 1.62.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Oppenheimer on March 22, 2024, Reiterated its Outperform rating but revised its target price to $120 from $108 previously.
On March 07, 2024, TD Cowen Upgraded its rating to Outperform which previously was Market Perform and also upped its target price recommendation from $91 to $125.
On December 20, 2023, HSBC Securities started tracking the stock assigning a Hold rating and target price of $74.HSBC Securities initiated its Hold rating on December 20, 2023, with a $74 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 04 ’24 when Flug Jeffrey sold 304 shares for $108.05 per share. The transaction valued at 32,846 led to the insider holds 4,058 shares of the business.
Meyer Daniel Harris sold 40,000 shares of SHAK for $4,253,629 on Mar 01 ’24. The Director now owns 480,437 shares after completing the transaction at $106.34 per share. On Feb 26 ’24, another insider, Meyer Daniel Harris, who serves as the Director of the company, sold 6,034 shares for $100.08 each. As a result, the insider received 603,877 and left with 520,437 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SHAK now has a Market Capitalization of 3.96B and an Enterprise Value of 4.44B. As of this moment, Shake’s Price-to-Earnings (P/E) ratio for their current fiscal year is 218.92, and their Forward P/E ratio for the next fiscal year is 107.13. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.64 while its Price-to-Book (P/B) ratio in mrq is 8.93. Its current Enterprise Value per Revenue stands at 4.08 whereas that against EBITDA is 39.73.
Stock Price History:
Over the past 52 weeks, SHAK has reached a high of $110.90, while it has fallen to a 52-week low of $52.64. The 50-Day Moving Average of the stock is 93.82, while the 200-Day Moving Average is calculated to be 73.71.
Shares Statistics:
Over the past 3-months, SHAK traded about 1.02M shares per day on average, while over the past 10 days, SHAK traded about 1.01M shares per day. A total of 39.47M shares are outstanding, with a floating share count of 37.47M. Insiders hold about 5.09% of the company’s shares, while institutions hold 92.87% stake in the company. Shares short for SHAK as of Mar 15, 2024 were 3.25M with a Short Ratio of 3.20, compared to 3.5M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.24% and a Short% of Float of 11.97%.
Earnings Estimates
Current recommendations for the stock of the company come from 18 analysts. On average, analysts expect EPS of $0.1 for the current quarter, with a high estimate of $0.15 and a low estimate of $0.04, while EPS last year was -$0.01. The consensus estimate for the next quarter is $0.26, with high estimates of $0.32 and low estimates of $0.17.
Analysts are recommending an EPS of between $0.84 and $0.47 for the fiscal current year, implying an average EPS of $0.68. EPS for the following year is $0.94, with 20 analysts recommending between $1.19 and $0.63.
Revenue Estimates
18 analysts predict $290.62M in revenue for the current quarter. It ranges from a high estimate of $299M to a low estimate of $279M. As of the current estimate, Shake Shack Inc’s year-ago sales were $253.28M, an estimated increase of 14.70% from the year-ago figure. For the next quarter, 18 analysts are estimating revenue of $312.47M, an increase of 15.00% over than the figure of $14.70% in the same quarter last year. There is a high estimate of $317M for the next quarter, whereas the lowest estimate is $309.8M.
A total of 21 analysts have provided revenue estimates for SHAK’s current fiscal year. The highest revenue estimate was $1.27B, while the lowest revenue estimate was $1.23B, resulting in an average revenue estimate of $1.25B. In the same quarter a year ago, actual revenue was $1.09B, up 14.60% from the average estimate. Based on 21 analysts’ estimates, the company’s revenue will be $1.44B in the next fiscal year. The high estimate is $1.47B and the low estimate is $1.37B. The average revenue growth estimate for next year is up 15.30% from the average revenue estimate for this year.
