Shake Shack - SHAK Stock Forecast, Price & News

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shake Shack in the last twelve months. There are currently 2 sell ratings, 8 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.
View SHAK analyst ratings or view top-rated stocks.

14 Wall Street analysts have issued twelve-month price objectives for Shake Shack's stock. Their SHAK share price forecasts range from $47.00 to $77.00. On average, they expect the company's stock price to reach $58.86 in the next year. This suggests a possible upside of 4.1% from the stock's current price.
View analysts price targets for SHAK or view top-rated stocks among Wall Street analysts.

Shake Shack's stock was trading at $41.53 on January 1st, 2023. Since then, SHAK shares have increased by 36.1% and is now trading at $56.52.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our SHAK earnings forecast.

Shake Shack will be holding an earnings conference call on Thursday, February 16th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13734860".

Shake Shack Inc. (NYSE:SHAK) issued its quarterly earnings results on Thursday, November, 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.06). The business had revenue of $227.81 million for the quarter, compared to analysts' expectations of $226.79 million. Shake Shack had a negative net margin of 2.67% and a negative trailing twelve-month return on equity of 3.52%.

Shake Shack updated its fourth quarter 2022 earnings guidance on Tuesday, January, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $238.50 million-$238.50 million, compared to the consensus revenue estimate of $237.56 million.

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 $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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "SHAK."

Shake Shack's stock is owned by many different retail and institutional investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.11%), True Signal LP (0.11%), Rye Brook Capital LLC (0.09%), New York State Teachers Retirement System (0.09%), Bank Hapoalim BM (0.07%) and Bridge City Capital LLC (0.06%). Insiders that own company stock include Daniel Harris Meyer, Jeffrey Flug, Jenna Lyons, Randall J Garutti, Robert T Vivian, Tara Comonte and Zach Koff.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of SHAK stock can currently be purchased for approximately $56.52.

Shake Shack (NYSE:SHAK) has a market capitalization of $2.38 billion and generates $739.89 million in revenue each year. The company earns $-8,650,000.00 in net income (profit) each year or ($0.59) on an earnings per share basis.

The company employs 9,695 workers across the globe.

Shake Shack's mailing address is 225 VARICK STREET SUITE 301, NEW YORK NY, 10014. The official website for the company is www.shakeshack.com. The company can be reached via phone at (646) 747-7200 or via email at investor@shakeshack.com.