|Bid||47.13 x 800|
|Ask||47.25 x 1200|
|Day's Range||46.75 - 48.52|
|52 Week Range||36.58 - 70.12|
|Beta (3Y Monthly)||1.38|
|PE Ratio (TTM)||353.08|
|Earnings Date||Feb 13, 2019 - Feb 18, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||54.45|
If restaurant chains can’t price-hike their way out of rising labor costs, then they’ve got to find other ways to maintain profit margins—which, for many, will mean technology upgrades and more staff efficiency. “We’ll never take enough price to offset the kind of labor headwinds that we’ve got right now and that we foresee for a period of time to come,” (SHAK) (SHAK) Chief Financial Officer Tara Comonte said Tuesday at a Barclays conference. The New York–based burger chain cited “increased labor and related expenses” as the chief reason for a 1.4% decrease in operating margins when it reported third-quarter financial results last month.
The proposal to redevelop the former Real Food Co. location has already landed the idolized burger chain as well as a boutique fitness operator.
Among the 12 analysts that cover Shake Shack (SHAK), 33.3% recommended a “buy,” 41.7% recommended a “hold,” and 8.3% recommended a “sell.” On average, analysts have set a 12-month target price of $54.55, which represents an upside potential of 6.8% from its current stock price of $50.99.
In the first three quarters of 2018, Shake Shack (SHAK) posted an adjusted EPS of $0.65—38.3% growth from $0.47 in the first three quarters of 2017. The EPS growth was driven by the revenue growth and lower effective tax rate. The growth was partially offset by a decline in the EBIT (earnings before interest and tax) margins. Increased labor expenses, other operating costs, and general and administrative expenses lowered Shake Shack’s EBIT margins during the first three quarters of 2018.
In the first three quarters, Shake Shack opened 17 new company-owned restaurants and 12 franchised restaurants. For 2018, Shake Shack’s management expects its revenues to be $450 million–$452 million. Shake Shack expects to open 33–34 company-owned restaurants and 14–16 franchised restaurants.
As of November 27, Shake Shack (SHAK) was trading at a stock price of $50.99, which represents a fall of 7.0% since the announcement of its third-quarter earnings on November 1. Currently, Shake Shack is trading 39.4% higher than its 52-week low of $36.58 and 27.3% lower than its 52-week high of $70.12.
Short interest is moderate for SHAK with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Over the last one-month, outflows of investor capital in ETFs holding SHAK totaled $304 million.
Randy Garutti has been the CEO of Shake Shack Inc (NYSE:SHAK) since 2012. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of Read More...
Short interest is moderate for SHAK with between 5 and 10% of shares outstanding currently on loan. ETFs that hold SHAK had net inflows of $1.94 billion over the last one-month. Index (PMI) data, output in the Consumer Services sector is rising.
The small businesses that Square helped get up and running are now growing up, and that is good news for shareholders. Here's how Square is selling to larger merchants than ever before.
Short interest is moderate for SHAK with between 5 and 10% of shares outstanding currently on loan. ETFs that hold SHAK had net inflows of $1.02 billion over the last one-month. Index (PMI) data, output in the Consumer Services sector is rising.
NEW YORK, Nov. 12, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
As of November 6, of the 33 analysts that cover Chipotle Mexican Grill (CMG), 39.4% favor a “buy,” 45.5% favor a “hold,” and 15.2% favor a “sell.” On average, analysts have set a target price of $467.96, which represents a potential downside of 1.3%.
How Much Upside Is Left in Chipotle’s Stock Price? In the last quarter, Chipotle Mexican Grill (CMG) posted an adjusted EPS of $2.16, which represents 62.4% growth from $1.33 in the same quarter of the previous year. In the following graph, you can see that Chipotle has outperformed analysts’ expectations in four of the last five quarters.
How Much Upside Is Left in Chipotle’s Stock Price? For the next four quarters, analysts expect Chipotle Mexican Grill (CMG) to post revenues of $5.10 billion, which represents 7.5% growth from $4.75 billion in the same four quarters of the previous year. The revenue growth will likely be driven by adding new restaurants and positive SSSG (same-store sales growth).
In the last quarter, which ended on September 30, Chipotle posted an adjusted EPS of $2.16 and outperformed analysts’ expectation of $2.00. The company’s revenues of $1.23 billion were in line with analysts’ expectation. However, Chipotle’s SSSG (same-store sales growth) of 4.4% was lower than analysts’ expectation of 5.0%. The company posted an SSSG in the mid-single digits in July and August. The company’s SSSG declined to the low-single digits in September.
Randy Garutti of Shake Shack discusses the company's "aggressive international" growth strategy, the impact of the U.S.-China trade war and how digital disruption has changed the way consumers access the brand.