Shake Shack sees 3Q same-store sales fall

Shake Shack sees 3Q same-store sales fall”

State of Alaska Department of Revenue now owns 3,630 shares of the company's stock worth $126,000 after purchasing an additional 1,670 shares during the period. On the other end, a stock with a score from 0-2 would be viewed as weak.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business.

Looking at some ROIC (Return on Invested Capital) numbers, Shake Shack Inc. Finally, Municipal Employees Retirement System of MI purchased a new stake in Shake Shack during the 1st quarter worth about $137,000. Victory Capital Management Inc. increased its holdings in Shake Shack by 109.7% during the 1st quarter. The company had previously forecast a drop of 2 percent to 3 percent. Municipal Employees Retirement System of MI acquired a new stake in Shake Shack during the 1st quarter worth $137,000. Swiss National Bank now owns 23,700 shares of the company's stock worth $792,000 after purchasing an additional 1,300 shares during the period. Institutional investors own 82.02% of the company's stock.

A number of equities analysts have recently commented on the company.

Shifting gears, we can see that Shake Shack Inc.

On September 26 the company was downgraded to "Neutral" from "Outperform" in a report issued by Wedbush. Cowen and Company reiterated a "hold" rating and issued a $35.00 target price on shares of Shake Shack in a report on Tuesday, September 12th. Zacks Investment Research lowered Shake Shack from a "hold" rating to a "sell" rating in a research report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. LLC lifted its stake in Shake Shack, Inc.

Shares of Shake Shack, Inc. (NYSE:SHAK), we note that the mother of all ratios (Return on Equity) stands at 0.08777 for the firm. Shake Shack Inc. now has a P/CF ratio of 14.735702. The firm's 50 day moving average price is $32.95 and its 200 day moving average price is $32.95.

The stock rose as high as $40.82 in extended trading after the results were released.

Class A (NYSE:SHAK) is at overbought status with a 14-day RSI of 84.84. The company saw a fall in short interest of -0.67% as of the latest report on October 13, 2017. The company now has a Return on Equity of 9.5% and a Return on Investment of 14.1%. During the same quarter in the prior year, the company posted $0.14 EPS. As of the latest earnings report the EPS was $0.57 and is projected to be $0.51 for the current year with 25,981,000 shares now outstanding. The firm's revenue for the quarter was up 37.3% compared to the same quarter a year ago. On average, analysts expect Shake Shack to post $0.52 EPS for the current fiscal year and $0.59 EPS for the next fiscal year.

COPYRIGHT VIOLATION WARNING: This story was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this report on another domain, it was copied illegally and reposted in violation of U.S. & global copyright & trademark legislation. The correct version of this report can be read at Also, CEO Randall J. Garutti sold 8,000 shares of Shake Shack stock in a transaction on Wednesday, October 25th. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Investors may use Price to Book to display how the market portrays the value of a stock.

Shake Shack shares have risen nearly 4 percent since the beginning of the year through the close of regular-session trading Wednesday.

The counter witnessed a trading volume of 8.53 million shares versus an average volume of 4.85 million shares during last trading session. Company insiders own 34.91% of the company's stock. The Business's domestic menu includes a range of signature items, such as the ShackBurger, SmokeShack, Shack-cago Dog, 'Shroom Burger, seasonal frozen custard, hand-spun shakes, concretes, ShackMeister Ale, and Shack Red and Shack White wines.

Like this


02 November 2017
Lyon William Homes (NYSE:WLH) Shares Sold by Parametric Portfolio Associates LLC
During current year the company's forecasts over growth are 23.2% while for the next year analysts' growth estimation is 39.3%. Stocks with beta's lower than 1 are considered to be less risky and those with a higher beta are more risky than the market.

02 November 2017
Harry Styles pauses live show for fan
HARRY STYLES found out the hazards of naming a pop song after a fruit when one fan gave him the slip at his latest gig in London. At the concert, Eldred said she was crushed and pushed by fans behind her and fell to the floor.

02 November 2017
AI can oil financial markets, but call goes out to manage risks
Meanwhile, a lack of interpretability or auditability of AI and machine learning methods could become a macro-level risk. Network effects and scalability of new technologies may in the future give rise to third-party dependencies.

02 November 2017
ABB Ltd (ABB) Hits 52-Week High
The Company operates through four divisions: Electrification Products, Robotics and Motion, Industrial Automation and Power Grids. Deutsche Bank AG upgraded shares of ABB from a "sell" rating to a "hold" rating in a research report on Friday, July 22nd.

02 November 2017
Redskins make roster moves: Sign DL Arthur Jones
Rookie defensive end Jonathan Allen was also placed on injured reserve on October 19 with a foot injury. He hadn't received a call since being released by the Indianapolis Colts back in the Spring.

02 November 2017
There were 134 collisions in Edmonton Wednesday
The product, which is applied in a thin layer once per snowfall, prevents the snow from sticking to the pavement, the city said. Tecklenborg says the city is well-prepared for winter, with more than 150 pieces of snow removal equipment at its disposal.

02 November 2017
Cardinal Health, Inc. (NYSE:CAH)
Cardinal Health, Inc . (NYSE: CAH ) that has shown a discernible change in trend levels over the path of recent market activity. Parametric Portfolio Assocs Ltd Liability Co has invested 0.07% of its portfolio in Cardinal Health Inc (NYSE: CAH ).

02 November 2017
Analysts Estimates And Ratings PDL BioPharma, Inc. (PDLI)
Want to see what other hedge funds are holding PDLI? The Company's segments include income generating assets and product sales. The firm had revenue of $143.80 million during the quarter, compared to analysts' expectations of $56.30 million.

02 November 2017
What Does Wall Street Say about SunPower Corporation (NASDAQ:SPWR)?
That's a potential 27.53 increase relative to where SunPower Corporation (NASDAQ: SPWR ) has been trading recently. NeoPhotonics Corporation (NYSE:NPTN) earnings have risen with a quarterly rate of 15.4% over the last 5 years.

02 November 2017
Discovering Momentum Stocks: New Residential Investment Corp. (NRZ), Costco Wholesale Corporation (COST)
The stock of New Residential Investment Corp (NYSE:NRZ) has "Overweight" rating given on Wednesday, August 10 by Barclays Capital. The stock of New Residential Investment Corp (NYSE:NRZ) has "Outperform" rating given on Thursday, February 25 by FBR Capital.