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Shake Shack stock price, SHAK
Shake Shack stock chart:
Shake Shack close price: 36.1
Stock price forecast:
DOWN TO -1.16%
Total forecasts: 82
Reached: 57 (69.51%)
Total Win: 118.67 (369.04%)
Showing 1-10 of 570 items.
|Date of Forecast||Stock Price||Target Price||Forecast Reached Date|
Shake Shack latest news:
Does Shake Shack Have Enough Upside to Justify This Analyst Upgrade?
Shake Shack upgraded on growth prospects
Shake Shack Inc. was upgraded to buy from neutral at Buckingham Research Group now that analysts say the company has passed its toughest "same-Shack" sales comparisons and is set up for growth. Buckingham maintained its $39 price target. The company has gotten past tough comparisons, reset guidance for the year for same-store sales growth of 2% to 3%, and continues to open restaurants "at very robust volumes," analysts wrote in a Friday note. As a result, they think Shake Shack can return to "the beat-raise pattern that existed prior to fourth-quarter 2016 results." Shake Shack shares are up 1.8% in Friday premarket trading, but down 7.5% for the year to date. The S&P 500 index is up 6.7% for 2017 so far.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Shake Shack says a key sales figure declined
Shake Shack says a key sales figure declined in the first quarter. The company blamed cold weather and an unfavorable shift in the calendar.
Why Investors Aren’t Hungry For Shake Shack After This Report
Shake Shack shares plunge as company sales growth slackens
Shares of Shake Shack Inc. plunged more than 11% late Thursday after the fast-casual restaurant chain reported first-quarter earnings and sales above Wall Street expectations, but same-restaurant sales slackened. Shake Shack earned $2.27 million, or 9 cents a share, in the quarter, compared with $1.46 million, or 7 cents a share, in the year-ago period. Adjusted for one-time items, the company earned 10 cents a share, compared with 8 cents a share a year ago. Revenue increased 41.7% to $76.7 million in the quarter, from $54.2 million in the first quarter of 2016. Analysts polled by FactSet had expected the company to report adjusted earnings of 8 cents a share on sales of $74.7 million. Same-restaurant sales decreased 2.5% for the quarter, versus 9.9% growth in the first quarter of last year. That decline consisted of a 3.4% decrease in guest traffic offset by a combined increase in price and sales mix of 0.9%, the company said. The analysts surveyed by FactSet had expected same-store sales growth of 0.5% in the quarter. Shake Shack also said it expects flat same-restaurant sales growth for the year, compared with 2016. The stock ended the regular trading session down 2.7%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Shake Shack's Fat Valuation Isn't Healthy
Shake Shack Inc. just can't whet investors' appetites. Its shares are down 6.5% so far this year and have fallen 27% since its January 2015 initial public offering, among the worst performers of so-called fast-casual dining chains. The initial pop following the IPO has long faded.
Why Investors Aren’t Hungry for Shake Shack Earnings
Shake Shack shares slide on subdued 2017 revenue outlook
Shares of Shake Shack Inc. fell in Wednesday's extended session after the casual restaurant chain issued a tepid 2017 revenue outlook. Shake Shack reported its fourth-quarter earnings rose to $5.5 million, or 15 cents a share, from $3 million, or 7 cents a share, a year ago. On an adjusted basis, it would have earned 9 cents a share. Revenue grew 43.5% to $73.3 million while same-store sales climbed 1.6%, slowing sharply from an increase of 11% a year ago. Analysts surveyed by FactSet had forecast earnings of 9 cents a share on revenue of $70.7 million. The burger chain forecast 2017 revenue in a range of $349 million to $353 million, below analysts' average estimate of $354.5 million. It also projected same-store sales of 2% to 3%. Shake Shack shares slid more than 3.7% after hours. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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