|Bid||59.94 x 1100|
|Ask||60.06 x 800|
|Day's range||59.23 - 60.20|
|52-week range||33.83 - 70.12|
|Beta (3Y Monthly)||0.72|
|PE ratio (TTM)||441.54|
|Earnings date||1 Nov 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||55.70|
CDMX! Shake Shack Inc.’s (“Shake Shack” or the “Company”) (SHAK) long-awaited introduction to Latin America will finally come next year, with plans to open in Mexico City with partner Grupo Toks in 2019. Shake Shack is proud to partner with Grupo Toks, a leading food and retail group based in Mexico City with more than 40 years of knowledge and experience, to launch the first Shack in the region.
Grubhub, Cheesecake Factory, Shake Shack, and Ruth's Hospitality Group will be big beneficiaries of a new statement credit feature for American Express Gold Card users.
Shake Shack Inc. (“Shake Shack” or the “Company”) (SHAK), today announced that it will report its third quarter 2018 financial results after the close of the financial markets on Thursday, November 1, 2018. The announcement will be followed by a conference call at 5:00 p.m. EDT. The conference call can be accessed live over the phone by dialing (800) 239-9838 or for international callers by dialing (323) 794-2551.
This small "better burger" concept known for its Chargburgers is feeding investors well with a 70% gain this year.
We’re comin’ to the city where east meets west! Shake Shack Inc. (“Shake Shack” or the “Company”) (SHAK) is poised for continued growth in Asia. After announcing that flagship locations in Shanghai and Manila will open next year, plans are now underway for Shake Shack and partner SPC Group to launch the first Shack in Singapore in 2019. Shake Shack is proud to partner with SPC Group, a leading global food company based in South Korea with 30 brands and over 6,000 stores worldwide including seven Shake Shack locations in the greater Seoul area.
"It's the year of the restaurant," says Piper Jaffray's Nicole Miller Regan. Here are the names she likes.
The Nasdaq and small-cap indexes kept the bull run alive on Wall Street Tuesday. Market leader Square continues to sculpt a big uptrend and hit new highs.
Of the 32 analysts following Chipotle Mexican Grill (CMG), 31.3% recommend “buy,” 56.3% recommend “hold,” and 12.5% recommend “sell.” Their average price target of $471.70 implies a 0.9% upside to its stock price of $467.73.
In the next four quarters, analysts expect Chipotle Mexican Grill’s (CMG) EPS to grow 33.2% YoY (year-over-year) to $10.22 from $7.67, driven by revenue growth and net margin expansion. They expect the company’s net margin to expand YoY to 5.5% from 4.2%, driven by higher menu prices and sales leverage from positive SSSG (same-store sales growth), and offset by higher wages and general and administrative expenses.
Could Chipotle’s Price Correction Mean a Buying Opportunity? In the next four quarters, analysts expect Chipotle Mexican Grill’s (CMG) revenue to grow 8.3% YoY (year-over-year) to $5.04 billion from $4.65 billion, driven by the addition of new restaurants and positive SSSG (same-store sales growth). After posting its second-quarter earnings, Chipotle raised its SSSG guidance for 2018 from low single digits to mid-to-high single digits.
Chipotle Mexican Grill’s (CMG) strong second-quarter earnings and upgrade from Morgan Stanley boosted its stock to a 52-week high of $530.68 on August 16. The company’s stock fell due to Wedbush’s downgrade, Pershing Square Capital Management reducing its stake in Chipotle, and rising labor wages. On August 27, Wedbush downgraded Chipotle from “neutral” to “underperform” due to weaker-than-expected SSSG (same-store sales growth) since the beginning of the third quarter and increased pressure on the company’s margins.
After the announcement of second-quarter results on September 14, two analysts have revised their price target for Dave & Buster’s Entertainment (PLAY) stock. We expect a few more revisions in the coming days.
On September 14, Dave & Buster’s Entertainment (PLAY) stock rose 7.9% in response to the company’s robust fiscal second-quarter results. The quarter ended on August 5.
Has Shake Shack’s Stock Price Bottomed Out? Of the 11 analysts that follow Shake Shack (SHAK), 27.3% have given it “buy” recommendations as of September 10, 45.5% have given it “hold” recommendations, and 27.3% have given it “sell” recommendations. On the same day, analysts set an average price target of $54.22 on SHAK, which represents a fall of 7.4% from its current stock price of $58.55.
Has Shake Shack’s Stock Price Bottomed Out? For the next four quarters, analysts expect Shake Shack (SHAK) to post EPS of $0.60, representing a fall of 15.5% from $0.71 in the corresponding four quarters of the previous year. Analysts expect the contraction in the company’s EBIT margin to offset the positive effects of its revenue growth.
Has Shake Shack’s Stock Price Bottomed Out? For the next four quarters, analysts expect Shake Shack (SHAK) to post revenue of $515.9 million, which represents a rise of 27.0% from its revenue of $406.1 million in the corresponding four quarters of the previous year. This revenue growth will likely be driven by the addition of new restaurants and positive SSSG (same-store sales growth).
In the second quarter, which ended on June 27, Shake Shack posted adjusted EPS of $0.29 on revenue of $116.3 million, outperforming analysts’ EPS and revenue expectations. The company’s SSSG (same-store sales growth) was in line with analysts’ expectations. Despite its impressive second-quarter earnings, Shake Shack didn’t raise its revenue guidance for 2018, citing a delay in the opening of its new restaurants. Investors had been expecting the company’s management to increase its 2018 guidance.
As of September 5, Dave & Buster’s Entertainment (PLAY) stock has risen 4.5% YTD (year-to-date). In comparison, peers Dunkin’ Brands (DNKN), Darden Restaurants (DRI), and Shake Shack (SHAK) have risen 17.1%, 23.8%, and 36.1%, respectively, as of September 5. However, Jack in the Box (JACK) has fallen 10.8% YTD.
A forward PE multiple is a commonly used ratio for making investment decisions by comparing companies in the same industry. A forward PE ratio is calculated by dividing stock prices by analysts’ earnings estimates for the upcoming four quarters.
Dave & Buster’s Entertainment (PLAY) is expected to report its fiscal second quarter of 2018 results on September 14.
Zacks Market Edge Highlights: Shake Shack, Habit Burger, Good Times Restaurants, Red Robin Gourmet Burger and McDonald's