Shake Shack also surpassed analysts' same-store sales guidance as this figure rose about 0.8% during the period. Earnings, adjusted for pretax expenses, came to 10 cents per share. (NYSE:SHAK) to report earnings on March, 7.
Wall Street analysts are predicting that Achillion Pharmaceut (NASDAQ:ACHN) will report earnings per share of $-0.16 in their quarterly report. Shake Shack Inc. (NYSE:SHAK) has risen 9.19% since February 17, 2017 and is uptrending. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.15 by $0.02. Revenue was reported as $358.8 million. They expect $0.05 EPS, down 44.44% or $0.04 from last year's $0.09 per share. A year ago the company's sales were $73270 while its sales growth yearly estimates for the current quarter are 26.7%.
Several other equities research analysts have also issued reports on the stock. The stock has "Buy" rating by Berenberg on Thursday, October 6. Wedbush reaffirmed a "hold" rating and set a $36.00 price objective on shares of Shake Shack in a research report on Thursday, November 2nd. (NYSE:SHAK) earned "Neutral" rating by SunTrust on Wednesday, January 6. Finally, Jefferies Group downgraded shares of Shake Shack from a "hold" rating to an "underperform" rating and set a $36.00 price target on the stock.in a report on Saturday, December 30th.
De Villiers ruled out of T20 series against India
India is fresh from a 5-1 historical ODI series win against South Africa and will look to extend their white ball dominance here. Focus, though, will be on Suresh Raina as he makes a comeback into the national team after a year away.
Among 13 analysts covering Shake Shack (NYSE:SHAK), 6 have Buy rating, 1 Sell and 6 Hold. Barclays Capital has "Equal-Weight" rating and $34 target. The firm earned "Buy" rating on Thursday, August 11 by SunTrust. Shake Shack has a twelve month low of $30.12 and a twelve month high of $47.39. The company has a market cap of $1,453.73, a P/E ratio of 63.26, a PEG ratio of 3.19 and a beta of 1.33. Shake Shack presently has a consensus rating of "Hold" and a consensus price target of $39.12. The shares were sold at an average price of $37.90, for a total transaction of $204,660.00. The shares were sold at an average price of $37.24, for a total value of $297,920.00. The disclosure for this sale can be found here. OppenheimerFunds Inc. now owns 1,005,241 shares of the company's stock worth $43,427,000 after acquiring an additional 282,404 shares during the period. However the six-month change in the insider ownership was recorded -94.09%, as well as three-month change in the institutional ownership was recorded -7.39%. It provides its services to Hennessy Funds and investment companies. Currently, Shake Shack is a Zacks Rank #3 (Hold) and is up almost 2% to $42 per share in after-hours trading shortly after its earnings report was released. The stock exchanged hands 3.23 Million shares versus average trading capacity of 2.64 Million shares.
Shake Shack Inc (NYSE:SHAK) up 3.96% to close at the price of $41.21. Following the completion of the sale, the senior vice president now owns 22,415 shares of the company's stock, valued at approximately $1,039,383.55. Cipher Capital LP acquired a new stake in Shake Shack in the 3rd quarter valued at about $211,000. Sylebra HK Co Ltd now owns 1,001,849 shares of the company's stock valued at $33,291,000 after buying an additional 25,546 shares during the last quarter. Municipal Employees Retirement System of MI increased its stake in Shake Shack by 58.9% in the 3rd quarter. Finally, Lord Abbett & CO. Wells Fargo & Company MN raised its position in Shake Shack by 9.5% during the second quarter. LLC now owns 706,704 shares of the company's stock valued at $24,650,000 after buying an additional 355,674 shares during the last quarter. If you are accessing this story on another domain, it was stolen and reposted in violation of USA and worldwide trademark & copyright laws.
Currently Shake Shack Inc (NYSE:SHAK)'s shares owned by insiders are 0.3%, whereas shares owned by institutional owners are 0%. The Company serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others.