Shake Shack (SHAK) PT Lowered to $35 at Barclays on 1Q Report; 'Comp Shortfall'
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Go back to Shake Shack (SHAK) PT Lowered to $35 at Barclays on 1Q Report; 'Comp Shortfall'
May 5, 2017 7:48 AM EDT
(Updated - May 5, 2017 7:52 AM EDT)
(updated to add analyst comment)
Buckingham Research upgraded Shake Shack (NYSE: SHAK) from Neutral to Buy, price target $32.00.
Analyst John Zolidis says shares have floor now that the company has started to beat estimates and the... More
May 5, 2017 6:51 AM EDT
Cowen lowered its price target on Shake Shack (NYSE: SHAK) to $35.00 (from $37.00) while maintaining a Market Perform rating.
Analyst Andrew Charles says the cut to comp guidance is an over-reaction. He expects increasing store openings and strong new unit performance to offset the weaker guidance.
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May 4, 2017 4:13 PM EDT
Shake Shack (NYSE: SHAK) reported Q1 EPS of $0.10, $0.02 better than the analyst estimate of $0.08. Revenue for the quarter came in at $76.7 million versus the consensus estimate of $74.72 million.
Total revenue increased 41.7% to $76.7 million.Shack sales increased 42.2% to $74.2 million.Same-Shack sales decreased 2.5%.Operating income increased 19.4% to $5.6 million.Shack-level operating profit*, a non-GAAP measure, increased 26.9% to $18.7 million, or 25.2% of Shack sales.Adjusted EBITDA*, a non-GAAP measure, increased 28.9% to $12.2 million.Net income attributable to Shake Shack Inc. was $2.3 million, or $0.09 per diluted share.Adjusted pro forma net...
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