Shake Shack (SHAK, $90.15) misses revenue expectations; analysts cut price targets on its shares
On Thursday, Shake Shack posted first-quarter revenue that fell short of analyst forecasts, leading some analysts to lower their share-price targets.
The fast casual restaurant chain’s revenue for the quarter came in at $155.3 million, versus $161.6 million expected by analysts’ (according to a Bloomberg consensus estimate). However, same-store sales growth of +5.7% handily topped the -1.74% expected by analysts.
Adjusted loss for the quarter was -1 cent vs. -$0.09 anticipated by analysts.
Analysts at Cowen cut its price target on Shake Shack shares to $93 from $97, while affirming its market-perform rating.
Wedbush analysts lowered its target to $114 from $122 and maintained its rating at neutral.
SHAK in +7.80% Uptrend, advancing for three consecutive days on November 26, 2024
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where SHAK advanced for three days, in of 311 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 26, 2024. You may want to consider a long position or call options on SHAK as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for SHAK just turned positive on November 27, 2024. Looking at past instances where SHAK's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .
SHAK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 223 cases where SHAK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SHAK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SHAK’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock slightly better than average.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (11.737) is normal, around the industry mean (10.792). SHAK's P/E Ratio (668.650) is considerably higher than the industry average of (59.102). SHAK's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (1.865). SHAK has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.037). P/S Ratio (4.873) is also within normal values, averaging (8.692).
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General Information
an operator of limited-service hamburger restaurants
Industry Restaurants