Shake Shack Inc (NYSE: SHAK) has reported earnings for its first fiscal quarter (ending March 31) of $0.05 versus a loss $-0.04 for the same period a year ago. This performance was $-0.08 short of the consensus estimate of $0.12. For the latest four quarters through March 31, E.P.S. were $0.60 versus $-0.32 for the same period a year ago.
Recent Price Action
Shake Shack Inc (NYSE: SHAK) stock closed at $104.94 on 5/2/24 after an increase of 1.6%. Moreover, exceptionally high trading volume at 221% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 5.4% during the last week.
Current PriceTarget Research Rating
SHAK is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Shake Shack has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Shake Shack has a very low Appreciation Score of 8 but a very high Power Rating of 96, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment