NYSE:SHAK - Shake Shack Stock Price, Forecast & 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 shares have decreased by 20.8% and is now trading at $32.88. View which stocks have been mosted impacted by Coronavirus.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shake Shack in the last year. There are currently 2 sell ratings, 11 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Shake Shack.

Shake Shack is scheduled to release its next quarterly earnings announcement on Thursday, May 7th 2020. View our earnings forecast for Shake Shack.

Shake Shack Inc (NYSE:SHAK) announced its earnings results on Monday, February, 24th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.07. The firm had revenue of $151.44 million for the quarter, compared to analyst estimates of $153.05 million. Shake Shack had a return on equity of 9.03% and a net margin of 3.34%. Shake Shack's quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 earnings per share. View Shake Shack's earnings history.

Shake Shack issued an update on its FY 2020 After-Hours earnings guidance on Monday, February, 24th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $712-720 million, compared to the consensus revenue estimate of $737.1 million.

18 analysts have issued 12 month price objectives for Shake Shack's stock. Their forecasts range from $40.00 to $97.00. On average, they expect Shake Shack's share price to reach $61.52 in the next twelve months. This suggests a possible upside of 87.1% from the stock's current price. View analysts' price targets for Shake Shack.

News headlines about SHAK stock have been trending very negative on Friday, InfoTrie Sentiment reports. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Shake Shack earned a news sentiment score of -3.3 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutShake Shack.

Shake Shack saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 8,891,700 shares, an increase of 31.3% from the February 27th total of 6,770,000 shares. Based on an average trading volume of 1,920,000 shares, the days-to-cover ratio is presently 4.6 days. Currently, 30.0% of the company's shares are sold short. View Shake Shack's Current Options Chain.

Some companies that are related to Shake Shack include Dunkin Brands Group (DNKN), GREENE KING PLC/S (GKNGY), Wendys (WEN), Cannae (CNNE), J D Wetherspoon (JDWPY), Empire Resorts (NYNY), Simplicity Esports and Gaming (WINR), J. Alexander's (GRIL), Giggles N Hugs (GIGL) and iPic Entertainment (IPICQ).

Based on aggregate information from My MarketBeat watchlists, some companies that other Shake Shack investors own include Alibaba Group (BABA), NVIDIA (NVDA), Netflix (NFLX), Tesla (TSLA), Micron Technology (MU), Starbucks (SBUX), Walt Disney (DIS), Gilead Sciences (GILD), Paypal (PYPL) and Boeing (BA).

(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 acted 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."

Shares of SHAK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SHAK stock can currently be purchased for approximately $32.88.

Shake Shack has a market capitalization of $1.24 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. View additional information about Shake Shack.

The official website for Shake Shack is http://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]