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NYSE:SHAK

Shake Shack (SHAK) Stock Forecast, Price & News

$56.50
-2.27 (-3.86%)
(As of 10/3/2023 ET)
Compare
Today's Range
$55.73
▼
$58.61
50-Day Range
$56.50
▼
$79.77
52-Week Range
$40.83
▼
$80.58
Volume
1.03 million shs
Average Volume
834,477 shs
Market Capitalization
$2.39 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$73.69
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Shake Shack MarketRank™ Forecast

Analyst Rating
Hold
2.31 Rating Score
Upside/​Downside
30.4% Upside
$73.69 Price Target
Short Interest
Bearish
8.19% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.23
Upright™ Environmental Score
News Sentiment
0.28mentions of Shake Shack in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$138,812 Sold Last Quarter
Proj. Earnings Growth
52.00%
From $0.25 to $0.38 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.45 out of 5 stars

Retail/Wholesale Sector

84th out of 214 stocks

Eating & Drinking Places Industry

3rd out of 5 stocks

See Top Rated MarketRank™ Stocks Here

SHAK stock logo

About Shake Shack (NYSE:SHAK) Stock

Shake Shack Inc. owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. The company was founded in 2001 and is headquartered in New York, New York.

SHAK Price History

SHAK Stock News Headlines

September 27, 2023 | marketbeat.com
3 Household Names With RSIs That Scream Oversold (SHAK)
Here are three well-known stocks, all household names, with RSIs well below 30 that suggest they could soon be bouncing back hard.
September 9, 2023 | marketbeat.com
MarketBeat Week in Review – 9/4 - 9/8 (SHAK)
This market continues to be filled with contradictions, but the MarketBeat team is here to help you find the opportunities that continue to exist
October 3, 2023 | Legacy Research (Ad)
Elon Did It Again: This Could be Bigger than Tesla
Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.
September 7, 2023 | marketbeat.com
Is Shake Shack's Major Growth Priced In? Buy the Dip Opportunity (SHAK)
Shake Shack's recent pull back may be an opportunity for investors to buy the dip, as there are still upside surprises not yet priced into the stock
October 3, 2023 | seekingalpha.com
Shake Shack: Combating Revenue Growth And Rising Cost Challenges
October 3, 2023 | yahoo.com
Shake Shack Is Going All Out For Its New Hot Menu With A BOGO Uber Eats Deal
October 2, 2023 | msn.com
Uptown hosts Shake Shack, Favor Celebration — Were you there?
October 2, 2023 | americanbankingnews.com
Shake Shack Inc. (NYSE:SHAK) Receives Average Recommendation of "Hold" from Analysts
October 3, 2023 | Legacy Research (Ad)
Elon Did It Again: This Could be Bigger than Tesla
Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.
September 30, 2023 | americanbankingnews.com
Zacks Research Brokers Reduce Earnings Estimates for Shake Shack Inc. (NYSE:SHAK)
September 29, 2023 | cnn.com
Our favorite product releases this week: Wild One, Caraway, Shake Shack and more
September 29, 2023 | yahoo.com
Shake Shack Is Testing 2 New Menu Items
September 29, 2023 | americanbankingnews.com
Shake Shack (NYSE:SHAK) Downgraded by StockNews.com
September 29, 2023 | americanbankingnews.com
Zacks Research Equities Analysts Boost Earnings Estimates for Shake Shack Inc. (NYSE:SHAK)
September 27, 2023 | bizjournals.com
Restaurant Roundup: Shake Shack partners with Favor Delivery
September 27, 2023 | yahoo.com
Shake Shack Debuts 3 New Fall-Inspired Lemonades
September 27, 2023 | au.sports.yahoo.com
Shake Shack Is Testing Out New Frozen Custard Sundaes With A Twist
September 27, 2023 | yahoo.com
Dill Pickles Are The Secret Ingredient In Shake Shack's Sauce
September 25, 2023 | msn.com
Shake Shack's Parody of That One Friend Who Eats Fast Is Too Real
September 23, 2023 | msn.com
10 Best Shake Shack Secret Menu Options
September 22, 2023 | yahoo.com
We Tried The New Shake Shack Fries Cooked In Sugarcane Oil And It's A Game-Changer
September 22, 2023 | thestreet.com
Shake Shack vs. Chick-Fil-A: Which Fried Chicken Sandwich Is Better?
September 21, 2023 | msn.com
Shake Shack and Zero Acre Farms to test cleaner frying oil
September 21, 2023 | msn.com
Shake Shack testing recipe tweak for select items, including fan-favorite
September 21, 2023 | msn.com
Shake Shack makes recipe changes for select items
September 20, 2023 | finance.yahoo.com
Shake Shack Partners with Zero Acre Farms to Pilot Cleaner Frying Oil
September 20, 2023 | msn.com
Shake Shack switches up fan-favorite fry recipe with new sustainable oil
See More Headlines
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SHAK Company Calendar

Last Earnings
8/03/2023
Today
10/03/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Eating & drinking places
Sub-Industry
N/A
Sector
Retail/Wholesale
Current Symbol
NYSE:SHAK
CUSIP
N/A
CIK
1620533
Web
www.shakeshack.com
Phone
(646) 747-7200
Fax
N/A
Employees
11,704
Year Founded
2004

Price Target and Rating

Average Stock Price Forecast
$73.69
High Stock Price Forecast
$95.00
Low Stock Price Forecast
$56.00
Forecasted Upside/Downside
+31.4%
Consensus Rating
Hold
Rating Score (0-4)
2.31
Research Coverage
13 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.20)
Trailing P/E Ratio
N/A
Forward P/E Ratio
224.28
P/E Growth
N/A
Net Income
$-24,090,000.00
Net Margins
-0.74%
Pretax Margin
-0.13%
Return on Equity
0.64%
Return on Assets
0.18%

Debt

Debt-to-Equity Ratio
0.57
Current Ratio
2.19
Quick Ratio
2.16

Sales & Book Value

Annual Sales
$900.49 million
Price / Sales
2.63
Cash Flow
$1.43 per share
Price / Cash Flow
39.21
Book Value
$9.96 per share
Price / Book
5.63

Miscellaneous

Outstanding Shares
42,300,000
Free Float
38,042,000
Market Cap
$2.37 billion
Optionable
Optionable
Beta
1.75

Social Links

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Key Executives

  • Mr. Daniel Harris MeyerMr. Daniel Harris Meyer (Age 65)
    Founder & Chairman of Directors
    Comp: $18.75k
  • Mr. Randall J. GaruttiMr. Randall J. Garutti (Age 48)
    CEO & Director
    Comp: $1.85M
  • Ms. Katherine Irene Fogertey (Age 39)
    Chief Financial Officer
    Comp: $794.52k
  • Mr. Dave Harris
    Chief Information Officer
  • Mr. Ronald Palmese Jr. (Age 44)
    Esq., Chief Legal Officer
  • Mr. Jay Livingston
    Chief Marketing Officer
  • Ms. Diane Neville
    Chief People Officer
  • Mr. Michael Kark
    Chief Global Licensing Officer
  • Mr. Andrew McCaughan
    Chief Devel. Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













SHAK Stock - Frequently Asked Questions

Should I buy or sell Shake Shack stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shake Shack in the last twelve months. There are currently 9 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.

What is Shake Shack's stock price forecast for 2023?

13 brokerages have issued 1 year price objectives for Shake Shack's stock. Their SHAK share price forecasts range from $56.00 to $95.00. On average, they predict the company's share price to reach $73.69 in the next year. This suggests a possible upside of 31.4% from the stock's current price.
View analysts price targets for SHAK or view top-rated stocks among Wall Street analysts.

How have SHAK shares performed in 2023?

Shake Shack's stock was trading at $41.53 at the start of the year. Since then, SHAK stock has increased by 35.0% and is now trading at $56.07.
View the best growth stocks for 2023 here.

When is Shake Shack's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our SHAK earnings forecast.

How were Shake Shack's earnings last quarter?

Shake Shack Inc. (NYSE:SHAK) issued its earnings results on Thursday, August, 3rd. The company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.09. The company had revenue of $271.80 million for the quarter, compared to analysts' expectations of $274.55 million. Shake Shack had a negative net margin of 0.74% and a positive trailing twelve-month return on equity of 0.64%. The business's revenue was up 17.8% on a year-over-year basis.

What ETFs hold Shake Shack's stock?

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).

What guidance has Shake Shack issued on next quarter's earnings?

Shake Shack issued an update on its third quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $273.50 million-$278.00 million, compared to the consensus revenue estimate of $276.95 million.

What is Randy Garutti's approval rating as Shake Shack's CEO?

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.

What other stocks do shareholders of Shake Shack own?

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).

When did Shake Shack IPO?

(SHAK) raised $75 million in an IPO 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.

What is Shake Shack's stock symbol?

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

How do I buy shares of Shake Shack?

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.

What is Shake Shack's stock price today?

One share of SHAK stock can currently be purchased for approximately $56.07.

How much money does Shake Shack make?

Shake Shack (NYSE:SHAK) has a market capitalization of $2.37 billion and generates $900.49 million in revenue each year. The company earns $-24,090,000.00 in net income (profit) each year or ($0.20) on an earnings per share basis.

How many employees does Shake Shack have?

The company employs 11,704 workers across the globe.

Does Shake Shack have any subsidiaries?
The following companies are subsidiares of Shake Shack: SSE Holdings LLC, SSE IP LLC, Shake Shack Domestic Licensing LLC, Shake Shack Enterprises International LLC, Shake Shack Enterprises LLC, Shake Shack Mobile LLC, Shake Shack Texas Beverage Company LLC, Shake Shack Texas Holding Company LLC, and Shake Shack Texas Management Company LLC.
Read More
How can I contact Shake Shack?

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.

This page (NYSE:SHAK) was last updated on 10/3/2023 by MarketBeat.com Staff

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