Shake Shack - SHAK Stock Forecast, Price & News

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shake Shack in the last year. There are currently 1 sell rating, 11 hold ratings and 6 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.
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18 analysts have issued 12-month price targets for Shake Shack's shares. Their SHAK share price forecasts range from $44.00 to $100.00. On average, they predict the company's stock price to reach $66.39 in the next year. This suggests a possible upside of 48.1% from the stock's current price.
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Shake Shack's stock was trading at $72.16 on January 1st, 2022. Since then, SHAK stock has decreased by 37.9% and is now trading at $44.82.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Shake Shack Inc. (NYSE:SHAK) issued its earnings results on Thursday, November, 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.01. The firm had revenue of $193.90 million for the quarter, compared to analysts' expectations of $197.47 million. Shake Shack had a negative net margin of 2.80% and a negative trailing twelve-month return on equity of 3.42%. The firm's quarterly revenue was up 48.7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.11) EPS.

Shake Shack issued an update on its third quarter 2022 earnings guidance on Thursday, August, 11th. The company provided EPS guidance of for the period. The company issued revenue guidance of $221.00 million-$226.50 million, compared to the consensus revenue estimate of $244.67 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 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."

Shake Shack's stock is owned by many different retail and institutional investors. Top institutional investors include State Street Corp (3.05%), Van Berkom & Associates Inc. (2.49%), Northern Trust Corp (0.92%), Principal Financial Group Inc. (0.58%), Walleye Trading LLC (0.00%) and Citadel Advisors LLC (0.00%). Insiders that own company stock include Daniel Harris Meyer, Jeffrey Flug, Jenna Lyons, Jonathan D Sokoloff, Randall J Garutti, Robert T Vivian, Tara Comonte 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 $44.82.

Shake Shack (NYSE:SHAK) has a market capitalization of $1.89 billion and generates $739.89 million in revenue each year. The company earns $-8,650,000.00 in net income (profit) each year or ($0.60) on an earnings per share basis.

The company employs 9,695 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.