Shake Shack (SHAK) Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shake Shack in the last year. There are currently 9 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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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13 analysts have issued twelve-month price targets for Shake Shack's stock. Their SHAK share price forecasts range from $56.00 to $95.00. On average, they expect the company's stock price to reach $73.69 in the next year. This suggests a possible upside of 27.4% from the stock's current price.
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Shake Shack's stock was trading at $41.53 on January 1st, 2023. Since then, SHAK shares have increased by 39.3% and is now trading at $57.86.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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Shake Shack Inc. (NYSE:SHAK) announced its quarterly earnings data 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 firm earned $271.80 million during the quarter, compared to the consensus estimate of $274.55 million. Shake Shack had a positive trailing twelve-month return on equity of 0.64% and a negative net margin of 0.74%. The firm's revenue was up 17.8% on a year-over-year basis.

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).

Shake Shack issued an update on its third quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) 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.

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 initial public offering (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 number of institutional and retail investors. Top institutional investors include State Street Corp (3.12%), Champlain Investment Partners LLC (2.94%), Van Berkom & Associates Inc. (2.08%), Geode Capital Management LLC (1.72%), Dimensional Fund Advisors LP (1.71%) and Marshall Wace LLP (1.55%). Insiders that own company stock include Daniel Harris Meyer, Jeffrey Flug, Jenna Lyons, Randall J Garutti 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 $57.86.

Shake Shack (NYSE:SHAK) has a market capitalization of $2.45 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.

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.