Shake Shack Announces First Quarter 2024 Financial Results

Shake Shack (SHAK) PT Raised to $108 at Loop Capital

Loop Capital analyst Alton Stump raised the price target on Shake Shack (NYSE: SHAK) to $108.00 (from $95.00) while maintaining a Buy rating.

The analyst comments "SHAK reported EPS of$0.13 for 1Q24, favorable to our estimate of $0.04 and consensus of $0.10, while consolidated EBITDA... More

William Blair Comments on Shake Shack (SHAK)

William Blair analyst Sharon Zackfia reiterated an Outperform rating on Shake Shack (NYSE: SHAK).

The analyst comments "Shake Shacks first-quarter adjusted EPS beat our/consensus expectations on a $0.03 benefit from a lower-than-expected tax rate, absent which EPS would have been in line. Unit-level margin rose 120 basis points to 19.5% (at the... More

Shake Shack (SHAK) PT Raised to $115 at UBS

UBS analyst Dennis Geiger raised the price target on Shake Shack (NYSE: SHAK) to $115.00 (from $110.00) while maintaining a Neutral rating.

The analyst comments "SHAK's 1Q results included improving sales trends following pressure early in the quarter, while strengthening profitability reflects continued progress against a potentially... More

Shake Shack (SHAK) PT Raised to $112 at Deutsche Bank

Deutsche Bank analyst Lauren Silberman raised the price target on Shake Shack (NYSE: SHAK) to $112.00 (from $105.00) while maintaining a Hold rating.

The analyst comments "SHAK delivered a solid 1Q print with in-line top-line, a slight restaurant margin beat and in-line 2Q guide (+LSD... More

Shake Shack (SHAK) PT Raised to $95 at Jefferies

Jefferies analyst Andy Barish raised the price target on Shake Shack (NYSE: SHAK) to $95.00 (from $90.00) while maintaining a Hold rating.

The analyst comments "Modest EBITDA beat as slightly lower SSS was partly offset by higher RLM, where underlying traffic was ~flat (ex weather... More

Shake Shack (SHAK) reports mixed Q1 results, stock climbs

Shake Shack (NYSE: SHAK) reported mixed financial results for the fiscal first quarter, with earnings beating and revenue missing consensus estimates.

Shares climbed 1.6% in premarket trading Thursday.

In particular, earnings per share (EPS) came in at $0.13, beating the expected $0.10. The company reported... More

Shake Shack (SHAK) Tops Q1 EPS by 3c

Shake Shack (NYSE: SHAK) reported Q1 EPS of $0.13, $0.03 better than the analyst estimate of $0.10. Revenue for the quarter came in at $290.5 million versus the consensus estimate of $290.96 million.

For earnings history and earnings-related data on Shake Shack (SHAK) click here.