Shake Shack Stock Forecast, Price & News

Shake Shack's stock was trading at $41.50 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SHAK shares have increased by 164.4% and is now trading at $109.71.
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19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shake Shack in the last twelve months. There are currently 2 sell ratings, 11 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Shake Shack stock. 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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269 employees have rated Shake Shack CEO Randy Garutti on Glassdoor.com. Randy Garutti has an approval rating of 93% among Shake Shack's employees. This puts Randy Garutti in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Shake Shack is scheduled to release its next quarterly earnings announcement on Monday, February 22nd 2021.
View our earnings forecast for Shake Shack.

Shake Shack Inc. (NYSE:SHAK) announced its earnings results on Thursday, October, 29th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.10. The company earned $130.40 million during the quarter, compared to analyst estimates of $125.43 million. Shake Shack had a negative trailing twelve-month return on equity of 5.11% and a negative net margin of 4.80%. Shake Shack's quarterly revenue was down 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 earnings per share.
View Shake Shack's earnings history.

Shake Shack updated its fourth quarter 2020 Pre-Market earnings guidance on Tuesday, January, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $157.5-157.5 million, compared to the consensus revenue estimate of $153.75 million.

19 brokers have issued 12 month price objectives for Shake Shack's stock. Their forecasts range from $48.00 to $120.00. On average, they anticipate Shake Shack's stock price to reach $78.00 in the next year. This suggests that the stock has a possible downside of 28.9%.
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Some companies that are related to Shake Shack include The Wendy's (WEN), Cannae (CNNE), Luckin Coffee (LKNCY), J D Wetherspoon (JDWPY), Drive Shack (DS), Muscle Maker (GRIL), Simplicity Esports and Gaming (WINR), Baristas Coffee (BCCI), iPic Entertainment (IPIC), iPic Entertainment (IPICQ), Giggles N' Hugs (GIGL) and Big Buck Brewery & Steakhouse (BBUCQ).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Shake Shack investors own include NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), The Walt Disney (DIS), Tesla (TSLA), Micron Technology (MU), Starbucks (SBUX), Intel (INTC), The Boeing (BA) and PayPal (PYPL).

(SHAK) raised $75 million in an initial public offering 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 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 variety of retail and institutional investors. Top institutional shareholders include Columbus Circle Investors (0.49%), State of Alaska Department of Revenue (0.07%), TB Alternative Assets Ltd. (0.07%), Radnor Capital Management LLC (0.02%), Crossmark Global Holdings Inc. (0.01%) and Janney Montgomery Scott LLC (0.01%). Company insiders that own Shake Shack stock include Daniel Harris Meyer, 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 TB Alternative Assets Ltd., State of Alaska Department of Revenue, Janney Montgomery Scott LLC, Crossmark Global Holdings Inc., Strs Ohio, and Radnor Capital Management LLC. Company insiders that have sold Shake Shack company stock in the last year include Daniel Harris Meyer, Jeffrey Flug, Randall J Garutti, Robert T Vivian, Tara Comonte, and Zach Koff.
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SHAK stock was bought by a variety of institutional investors in the last quarter, including Columbus Circle Investors, Shulman DeMeo Asset Management LLC, and Nisa Investment Advisors LLC.
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Shares of SHAK 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.

One share of SHAK stock can currently be purchased for approximately $109.71.

Shake Shack has a market capitalization of $4.55 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]