Shake Shack Stock Forecast, Price & News

Shake Shack's stock was trading at $41.50 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SHAK stock has increased by 168.1% and is now trading at $111.26.
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19 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, 12 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Shake Shack stock. 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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Shake Shack is scheduled to release its next quarterly earnings announcement on Monday, February 22nd 2021.
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Shake Shack Inc. (NYSE:SHAK) announced its quarterly earnings results on Thursday, October, 29th. The company reported ($0.11) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.21) by $0.10. The business earned $130.40 million during the quarter, compared to analysts' expectations of $125.43 million. Shake Shack had a negative return on equity of 1.40% and a negative net margin of 1.64%. The company's revenue for the quarter was down 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 EPS.
View Shake Shack's earnings history.

Shake Shack issued an update on its fourth quarter 2020 Pre-Market earnings guidance on Tuesday, January, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $157.5-157.5 million, compared to the consensus revenue estimate of $153.75 million.

19 Wall Street analysts have issued 12 month target prices for Shake Shack's stock. Their forecasts range from $40.00 to $120.00. On average, they expect Shake Shack's stock price to reach $72.00 in the next twelve months. This suggests that the stock has a possible downside of 35.3%.
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Some companies that are related to Shake Shack include Dunkin' Brands Group (DNKN), The Wendy's (WEN), Cannae (CNNE), Luckin Coffee (LKNCY), J D Wetherspoon (JDWPY), Drive Shack (DS), Simplicity Esports and Gaming (WINR), Muscle Maker (GRIL), iPic Entertainment (IPICQ), Baristas Coffee (BCCI), iPic Entertainment (IPIC), Giggles N' Hugs (GIGL) and Big Buck Brewery & Steakhouse (BBUCQ).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Shake Shack investors own include NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), The Walt Disney (DIS), Tesla (TSLA), Micron Technology (MU), Starbucks (SBUX), Intel (INTC), The 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "SHAK."

Shake Shack's stock is owned by a number of retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.07%), Radnor Capital Management LLC (0.02%), Crossmark Global Holdings Inc. (0.01%) and Shulman DeMeo Asset Management LLC (0.01%). Company insiders that own Shake Shack stock include Daniel Harris Meyer, Jeffrey Flug, Jenna Lyons, Jonathan D Sokoloff, Randall J Garutti, Robert T Vivian, Tara Comonte and Zach Koff.
View institutional ownership trends for Shake Shack.

SHAK stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Crossmark Global Holdings Inc., and Radnor Capital Management LLC. Company insiders that have sold Shake Shack company stock in the last year include Daniel Harris Meyer, Jeffrey Flug, Randall J Garutti, Robert T Vivian, Tara Comonte, and Zach Koff.
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SHAK stock was bought by a variety of institutional investors in the last quarter, including Shulman DeMeo Asset Management LLC.
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Shares of SHAK 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.

One share of SHAK stock can currently be purchased for approximately $111.26.

Shake Shack has a market capitalization of $4.61 billion and generates $594.52 million in revenue each year. The company earns $19.83 million in net income (profit) each year or $0.72 on an earnings per share basis. Shake Shack employs 7,603 workers across the globe.

The official website for Shake Shack is www.shakeshack.com.

Shake Shack's mailing address is 225 VARICK STREET SUITE 301, NEW YORK NY, 10014. The company can be reached via phone at 646-747-7200 or via email at [email protected]