Published: Tue, April 17, 2018
People | By Leon Thompson

Analysts See $0.09 EPS for Shake Shack Inc. (SHAK) on May, 3

Analysts See $0.09 EPS for Shake Shack Inc. (SHAK) on May, 3

On during the last trading session the stock increased $0.51 or 1.17%, reaching $43.95.Currently Shake Shack Inc.is uptrending after 27.12% change in last April 16, 2017. Crossmark Global Holdings Inc. bought a new position in Shake Shack during the 4th quarter worth $236,000. Shake Shack has a 52-week low of $30.36 and a 52-week high of $42.94. The company is scheduled to announce its next earnings report on Thursday, May 3rd. Previous year: $0.1; Analysts forcast: $0.09. SHAK's profit would be $3.36M giving it 121.67 P/E if the $0.09 EPS is correct. Zacks Investment Research's EPS calculations are an average based on a survey of research firms that that provide coverage for Shake Shack. Out of 5 Wall Street analysts rating Mallinckrodt plc, 5 give it "Buy", 0 "Sell" rating, while 0 recommend "Hold". (NYSE:SHAK)'s earnings report, RTT reports. Shake Shack had a return on equity of 7.12% and a net margin of 3.97%. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.04.

A number of brokerages have weighed in on SHAK. In Friday, February 16 report SunTrust maintained the stock with "Buy" rating. 213,172 shares of the stock traded hands, compared to its average volume of 500,457. On Tuesday, January 16 Barclays Capital maintained Shake Shack Inc. Shake Shack posted sales of $76.75 million during the same quarter last year, which suggests a positive year over year growth rate of 26.8%. The stock of Shake Shack Inc. Somerset Trust Company sold 5,289 shares as Whirlpool Corp (WHR)'s stock declined 11.00%. (NYSE:SHAK) with "Underweight" rating. With their stock price now trading around $43.44, the firm has proven a solid track record of growth over the past few years. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel Harris Meyer sold 100,000 shares of the firm's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $38.01, for a total value of $760,200.00. The disclosure for this sale can be found here. The Somerset Trust Company holds 5,885 shares with $992,000 value, down from 11,174 last quarter.

Several hedge funds and other institutional investors have recently modified their holdings of SHAK. Elkfork Partners LLC bought a new position in Shake Shack during the fourth quarter valued at approximately $123,000. Cipher Capital LP acquired a new stake in Shake Shack during the 3rd quarter worth about $211,000. Finally, Rehmann Capital Advisory Group bought a new position in Shake Shack during the 4th quarter worth $273,000. Municipal Employees Retirement System of MI now owns 6,960 shares of the company's stock worth $231,000 after acquiring an additional 2,580 shares during the period.

Shake Shack (NYSE:SHAK) opened at 32.45 on Friday.

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Despite the past success, investors want to know where the stock is headed from here. The SI to Shake Shack Inc Class A's float is 35.7%. The firm has a market cap of $826.50 million, a price-to-earnings ratio of 61.23 and a beta of 1.31.

TRADEMARK VIOLATION NOTICE: This report was first reported by Enterprise Leader and is owned by of Enterprise Leader.

Mallinckrodt public limited company develops, makes, markets, and distributes branded and generic specialty pharmaceutical products and therapies in the United States, Europe, the Middle East, Africa, and internationally. Shacks offers hamburgers, hot dogs, crispy chicken, crinkle-cut fries, shakes, frozen custard, beer, shakes, wine, and other products.now it has negative earnings.

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