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NYSE:SHAK

Shake Shack (SHAK) Stock Forecast, Price & News

$67.40
-0.14 (-0.21%)
(As of 10:33 AM ET)
Compare
Today's Range
$67.26
$68.58
50-Day Range
$52.56
$70.30
52-Week Range
$37.72
$71.93
Volume
159,520 shs
Average Volume
903,969 shs
Market Capitalization
$2.84 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$63.64

Shake Shack MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
5.7% Downside
$63.64 Price Target
Short Interest
Healthy
7.79% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.23
Upright™ Environmental Score
News Sentiment
0.06mentions of Shake Shack in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
66.67%
From $0.15 to $0.25 Per Share

Overall MarketRank

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

1.80 out of 5 stars

Retail/Wholesale Sector

311th out of 424 stocks

Eating & Drinking Places Industry

7th out of 12 stocks


SHAK stock logo

About Shake Shack (NYSE:SHAK) Stock

Shake Shack, Inc. engages in the operation and licensing of Shake Shack restaurants which serve burgers, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and more. The company was founded by Daniel Harris Meyer on September 23, 2014 and is headquartered in New York, NY.

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SHAK Stock News Headlines

Shake Shake Board Shakeup Shoots Shares Higher
Shake Shack stock surged as activist investor Engaged Capital seeks a bigger role in company operations to potentially spark price and earnings growth.
How to Invest in AI's Fast-Growing Market
The AI market stands at $160 billion in 2023. Estimates are the AI market will grow 20-fold to $1.8 TRILLION by 2030. One little-known company is looking to win big with a new network technology no one else has. AI could explode... and soon.
TD Cowen Keeps Their Hold Rating on Shake Shack (SHAK)
How to Invest in AI's Fast-Growing Market
The AI market stands at $160 billion in 2023. Estimates are the AI market will grow 20-fold to $1.8 TRILLION by 2030. One little-known company is looking to win big with a new network technology no one else has. AI could explode... and soon.
Stifel Nicolaus Sticks to Their Hold Rating for Shake Shack (SHAK)
As Activists 'Yelp,' Should Investors Buy?
Shake Shack (SHAK) Gets a Hold from Stifel Nicolaus
Shake Shack (NYSE:SHAK) Upgraded at Morgan Stanley
See More Headlines

SHAK Price History

SHAK Company Calendar

Last Earnings
5/04/2023
Today
6/01/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Eating & drinking places
Sub-Industry
N/A
Fax
N/A
Employees
11,704
Year Founded
2004

Price Target and Rating

Average Stock Price Forecast
$63.64
High Stock Price Forecast
$75.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
-5.8%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
12 Analysts

Profitability

Net Income
$-24,090,000.00
Pretax Margin
-1.00%

Debt

Sales & Book Value

Annual Sales
$900.49 million
Cash Flow
$1.54 per share
Book Value
$9.96 per share

Miscellaneous

Free Float
37,920,000
Market Cap
$2.85 billion
Optionable
Optionable
Beta
1.69

Social Links


Key Executives

  • Randy Garutti
    Chief Executive Officer & Director
  • Zachary Koff
    Chief Operating Officer
  • Katherine Fogertey
    Chief Financial Officer
  • Dave Harris
    Chief Information Officer
  • Ron Palmese
    Secretary, Chief Legal Officer & Vice President













SHAK Stock - Frequently Asked Questions

Should I buy or sell Shake Shack stock right now?

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.
View SHAK analyst ratings
or view top-rated stocks.

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

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%.
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 62.6% and is now trading at $67.54.
View the best growth stocks for 2023 here
.

Are investors shorting Shake Shack?

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.
View Shake Shack's Short Interest
.

When is Shake Shack's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 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, 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.

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

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.

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 $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."

Who are Shake Shack's major shareholders?

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.
View institutional ownership trends
.

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 $67.54.

How much money does Shake Shack make?

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.

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 6/2/2023 by MarketBeat.com Staff

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