How did Shake Shack Inc. (SHAK) surprise investors with its report?

Shake Shack Inc. [SHAK] stock prices are up 5.41% to $61.00 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The SHAK shares have gain 8.06% over the last week, with a monthly amount glided 46.35%, and seem to be holding up well over a long-time horizon.

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On 26, January 2023, Shake Shack to Announce Fourth Quarter 2022 Financial Results on February 16, 2023. In a post published today on Yahoo Finance, Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK), will release fourth quarter and fiscal year 2022 financial results on February 16, 2023, before the market opens. In conjunction with the earnings release, Shake Shack will host a conference call at 8:00 a.m. ET. Hosting the call will be Randy Garutti, Chief Executive Officer, and Katherine Fogertey, Chief Financial Officer.

From an analyst’s perspective:

Shake Shack Inc. [NYSE: SHAK] stock has seen the most recent analyst activity on January 17, 2023, when Morgan Stanley downgraded its rating to a Underweight and also revised its price target to $47 from $50. Previously, Wedbush downgraded its rating to Neutral on December 21, 2022. On November 07, 2022, BTIG Research reiterated its Buy rating and revised its price target to $60 on the stock. Gordon Haskett started tracking the stock assigning a Hold rating and suggested a price target of $50 on July 19, 2022. Raymond James upgraded its rating to a Mkt Perform. Northcoast upgraded its rating to Buy for this stock on May 16, 2022, but kept the price target unchanged to $70. In a note dated December 03, 2021, UBS initiated an Neutral rating and iterated a target price of $78 on this stock.

The stock price of Shake Shack Inc. [SHAK] has been fluctuating between $37.72 and $79.25 over the past year. Currently, Wall Street analysts expect the stock to reach $53.82 within the next 12 months. Shake Shack Inc. [NYSE: SHAK] shares were valued at $61.00 at the most recent close of the market. An investor can expect a potential drop of -11.77% based on the average SHAK price forecast.

Analyzing the SHAK fundamentals

The most recent quarter, Shake Shack Inc. [NYSE:SHAK] reported sales of 227.81 billion, representing a surge of 17.50%. Gross Margin for this corporation currently stands at +11.33% with Operating Margin at -0.13%, Pretax Margin comes in at -2.34%, and Net Margin reading is -1.17%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 59.19 points at the first support level, and at 57.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 62.10, and for the 2nd resistance point, it is at 63.20.

Shake Shack Inc. [SHAK] reported earnings per share of $0 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.02/share, meaning a difference of $0.02 and a surprise factor of 100.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were -$0.19 per share as compared to estimates of -$0.22 per share, a difference of $0.03 representing a surprise of 13.60%.

Ratios To Look Out For

It’s worth pointing out that Shake Shack Inc. [NYSE:SHAK]’s Current Ratio is 2.50. On the other hand, the Quick Ratio is 3.34, and the Cash Ratio is 3.15. Considering the valuation of this stock, the price to sales ratio is 3.70, the price to book ratio is 6.70.

Transactions by insiders

Recent insider trading involved Koff Zach, Chief Operating Officer, that happened on Oct 28 when 3900.0 shares were sold. Chief Operating Officer, Koff Zach completed a deal on Jul 14 to sell 5000.0 shares. Meanwhile, Director Meyer Daniel Harris bought 21000.0 shares on Jul 11.