Shake Shack Stock Forecast, Price & News

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shake Shack in the last year. There are currently 2 sell ratings, 7 hold ratings and 5 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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Shake Shack is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021.
View our earnings forecast for Shake Shack.

Shake Shack Inc. (NYSE:SHAK) posted its quarterly earnings data on Thursday, May, 6th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.13. The firm earned $155.30 million during the quarter, compared to analyst estimates of $160.89 million. Shake Shack had a negative trailing twelve-month return on equity of 5.01% and a negative net margin of 7.46%. The business's quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.02 earnings per share.
View Shake Shack's earnings history.

Shake Shack's stock was trading at $41.50 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SHAK shares have increased by 164.0% and is now trading at $109.57.
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Shake Shack updated its second quarter 2021 earnings guidance on Thursday, May, 27th. The company provided EPS guidance of - for the period. The company issued revenue guidance of $174 million-$183 million, compared to the consensus revenue estimate of $183.28 million.

14 brokerages have issued 12-month target prices for Shake Shack's shares. Their forecasts range from $50.00 to $150.00. On average, they expect Shake Shack's stock price to reach $97.94 in the next twelve months. This suggests that the stock has a possible downside of 10.6%.
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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.

Some companies that are related to Shake Shack include The Wendy's (WEN), Cannae (CNNE), J D Wetherspoon (JDWPY), Luckin Coffee (LKNCY), Drive Shack (DS), Muscle Maker (GRIL), Simplicity Esports and Gaming (WINR), iPic Entertainment (IPIC), iPic Entertainment (IPICQ), Baristas Coffee (BCCI), 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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.63%), Fred Alger Management LLC (9.16%), Gilder Gagnon Howe & Co. LLC (7.01%), 12 West Capital Management LP (5.35%), Lord Abbett & CO. LLC (4.53%) and Select Equity Group L.P. (3.40%). Company insiders that own Shake Shack stock include Daniel Harris Meyer, Jeffrey Flug, Jenna Lyons, Jonathan D Sokoloff, Randall J Garutti, 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 Select Equity Group L.P., Amundi Asset Management US Inc., 12 West Capital Management LP, Westwood Holdings Group Inc., Morgan Stanley, Millennium Management LLC, Valiant Capital Management L.P., and JPMorgan Chase & Co.. Company insiders that have sold Shake Shack company stock in the last year include Daniel Harris Meyer, Jeffrey Flug, Jenna Lyons, Randall J Garutti, Tara Comonte, and Zach Koff.
View insider buying and selling activity for Shake Shack or view top insider-selling stocks.

SHAK stock was purchased by a variety of institutional investors in the last quarter, including Fred Alger Management LLC, Lord Abbett & CO. LLC, Renaissance Technologies LLC, Principal Financial Group Inc., Principal Financial Group Inc., BlackRock Inc., Healthcare of Ontario Pension Plan Trust Fund, and Federated Hermes Inc..
View insider buying and selling activity for Shake Shack or or view top insider-buying stocks.

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.
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One share of SHAK stock can currently be purchased for approximately $109.57.

Shake Shack has a market capitalization of $4.60 billion and generates $522.87 million in revenue each year. The company earns $-42,160,000.00 in net income (profit) each year or ($0.56) on an earnings per share basis.

Shake Shack employs 7,429 workers across the globe.

The official website for Shake Shack is www.shakeshack.com.

Shake Shack is headquartered at 225 VARICK STREET SUITE 301, NEW YORK NY, 10014.

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]