Shake Shack Stock Price, News & Analysis (NYSE:SHAK)

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shake Shack in the last year. There are currently 11 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SHAK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHAK, but not buy additional shares or sell existing shares.
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15 brokerages have issued twelve-month target prices for Shake Shack's shares. Their SHAK share price targets range from $58.00 to $85.00. On average, they expect the company's share price to reach $71.06 in the next year. This suggests a possible upside of 15.2% from the stock's current price.
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Shake Shack's stock was trading at $41.53 on January 1st, 2023. Since then, SHAK shares have increased by 48.5% and is now trading at $61.66.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
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Shake Shack Inc. (NYSE:SHAK) released its earnings results on Thursday, November, 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.08. The firm earned $276.21 million during the quarter, compared to analysts' expectations of $275.96 million. Shake Shack had a net margin of 0.22% and a trailing twelve-month return on equity of 2.93%.

ETFs with the largest weight of Shake Shack (NYSE:SHAK) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Innovator IBD Breakout Opportunities ETF (BOUT), WisdomTree U.S. Growth & Momentum Fund (WGRO), LeaderShares Activist Leaders ETF (ACTV), AdvisorShares Restaurant ETF (EATZ) and First Trust Small Cap Growth AlphaDEX Fund (FYC).SPDR S&P 600 Small Cap ETF (SLY).

269 employees have rated Shake Shack Chief Executive Officer Randy Garutti on Glassdoor.com. Randy Garutti has an approval rating of 93% among the company's employees. This puts Randy Garutti in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Shake Shack investors own include NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), Walt Disney (DIS), Tesla (TSLA), Micron Technology (MU), Starbucks (SBUX), Intel (INTC), Boeing (BA) and PayPal (PYPL).

(SHAK) raised $75 million in an initial public offering on Friday, January 30th 2015. The company issued 5,000,000 shares at a price of $14.00-$16.00 per share. J.P. Morgan and Morgan Stanley served as the underwriters for the IPO and Barclays, Goldman Sachs, Jefferies, William Blair and Stifel were co-managers.

Shake Shack's stock is owned by many different retail and institutional investors. Top institutional investors include 12 West Capital Management LP (3.92%), Invesco Ltd. (2.79%), Van Berkom & Associates Inc. (2.47%), Qube Research & Technologies Ltd (1.03%), Northern Trust Corp (0.95%) and Bank of New York Mellon Corp (0.73%). Insiders that own company stock include Daniel Harris Meyer, Jeffrey Flug, Jenna Lyons, Randall J Garutti and Zach Koff.
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Shares of SHAK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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