Shake Shack (SHAK) Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shake Shack in the last year. There are currently 9 hold ratings and 3 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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12 equities research analysts have issued twelve-month price objectives for Shake Shack's stock. Their SHAK share price forecasts range from $48.00 to $75.00. On average, they predict the company's stock price to reach $63.64 in the next year. This suggests that the stock has a possible downside of 5.8%.
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Shake Shack's stock was trading at $41.53 at the start of the year. Since then, SHAK stock has increased by 62.6% and is now trading at $67.54.
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Shake Shack saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 2,910,000 shares, a decline of 22.0% from the April 30th total of 3,730,000 shares. Based on an average daily trading volume, of 906,300 shares, the days-to-cover ratio is presently 3.2 days. Approximately 7.8% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our SHAK earnings forecast.

Shake Shack Inc. (NYSE:SHAK) issued its earnings results on Thursday, May, 4th. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $0.08. The firm had revenue of $253.30 million for the quarter, compared to analysts' expectations of $245.84 million. Shake Shack had a negative net margin of 1.63% and a negative trailing twelve-month return on equity of 1.19%. The business's quarterly revenue was up 24.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.19) earnings per share.

ETFs with the largest weight of Shake Shack (NYSE:SHAK) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), AdvisorShares Restaurant ETF (EATZ), Xtrackers S&P SmallCap 600 ESG ETF (SMLE), SPDR S&P SmallCap 600 ESG ETF (ESIX), Syntax Stratified SmallCap ETF (SSLY), iShares ESG Screened S&P Small-Cap ETF (XJR) and iShares S&P Small-Cap 600 Growth ETF (IJT).

Shake Shack updated its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $269.50 million-$274.80 million, compared to the consensus revenue estimate of $277.68 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 IPO 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 a variety of retail and institutional investors. Top institutional investors include Gilder Gagnon Howe & Co. LLC (3.76%), Champlain Investment Partners LLC (3.06%), State Street Corp (3.05%), Geode Capital Management LLC (1.64%), Dimensional Fund Advisors LP (1.62%) and Balyasny Asset Management L.P. (1.23%). Insiders that own company stock include Daniel Harris Meyer, Jeffrey Flug, Jenna Lyons, Randall J Garutti, Tara Comonte 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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One share of SHAK stock can currently be purchased for approximately $67.54.

Shake Shack (NYSE:SHAK) has a market capitalization of $2.85 billion and generates $900.49 million in revenue each year. The company earns $-24,090,000.00 in net income (profit) each year or ($0.39) on an earnings per share basis.

The company employs 11,704 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.