NYSE:SHAKShake Shack Stock Price, Forecast & News

Shake Shack's stock was trading at $41.50 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SHAK stock has increased by 41.8% and is now trading at $58.85. View which stocks have been most impacted by Coronavirus.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shake Shack in the last year. There are currently 3 sell ratings, 13 hold ratings and 3 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 Monday, August 3rd 2020. View our earnings forecast for Shake Shack.

Shake Shack Inc (NYSE:SHAK) issued its earnings results on Monday, May, 4th. The company reported $0.02 EPS for the quarter, beating the Zacks' consensus estimate of $0.01 by $0.01. The company had revenue of $143.17 million for the quarter, compared to the consensus estimate of $145.31 million. Shake Shack had a net margin of 2.70% and a return on equity of 7.45%. The business's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 EPS. View Shake Shack's earnings history.

Shake Shack issued an update on its first quarter 2020 Pre-Market earnings guidance on Friday, April, 17th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $143.17-143.17 million, compared to the consensus revenue estimate of $147.43 million.

19 Wall Street analysts have issued 12-month price targets for Shake Shack's shares. Their forecasts range from $40.00 to $97.00. On average, they expect Shake Shack's stock price to reach $56.60 in the next year. This suggests that the stock has a possible downside of 3.8%. View analysts' price targets for Shake Shack.

News headlines about SHAK stock have trended very negative recently, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Shake Shack earned a coverage optimism score of -3.0 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near future. View the latest news aboutShake Shack.

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

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), Walt Disney (DIS), Micron Technology (MU), Starbucks (SBUX), Boeing (BA), Paypal (PYPL) and Square (SQ).

(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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.60%), Eminence Capital LP (6.28%), Lord Abbett & CO. LLC (4.75%), Invesco Ltd. (2.53%), State Street Corp (2.17%) and Wasatch Advisors Inc. (1.85%). Company insiders that own Shake Shack stock include Daniel Harris Meyer, Equity Group LP Select, Equity Investors Vi LP Green, Jeffrey Flug, Jenna Lyons, Jonathan D Sokoloff, Randall J Garutti, Robert T Vivian, Tara Comonte and Zach Koff. View institutional ownership trends for Shake Shack.

SHAK stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, BlackRock Inc., Voloridge Investment Management LLC, UBS Group AG, Stony Point Capital LLC, WINTON GROUP Ltd, and Zevenbergen Capital Investments LLC. Company insiders that have sold Shake Shack company stock in the last year include Daniel Harris Meyer, Jeffrey Flug, Jenna Lyons, Jonathan D Sokoloff, Randall J Garutti, Robert T Vivian, Tara Comonte, and Zach Koff. View insider buying and selling activity for Shake Shack.

SHAK stock was acquired by a variety of institutional investors in the last quarter, including Eminence Capital LP, Lord Abbett & CO. LLC, Darsana Capital Partners LP, Wasatch Advisors Inc., Nuveen Asset Management LLC, Deutsche Bank AG, Two Sigma Advisers LP, and Bandera Partners LLC. View insider buying and selling activity for Shake Shack.

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 $58.85.

Shake Shack has a market capitalization of $2.43 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.

The official website for Shake Shack is 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]