Shake Shack - SHAK Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shake Shack in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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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14 analysts have issued 1-year target prices for Shake Shack's stock. Their SHAK share price forecasts range from $44.00 to $83.00. On average, they predict the company's share price to reach $60.80 in the next year. This suggests a possible upside of 24.9% from the stock's current price.
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Shake Shack's stock was trading at $72.16 at the start of the year. Since then, SHAK stock has decreased by 32.6% and is now trading at $48.66.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
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Shake Shack Inc. (NYSE:SHAK) announced its earnings results on Thursday, November, 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06). The business had revenue of $227.81 million for the quarter, compared to analysts' expectations of $226.79 million. Shake Shack had a negative net margin of 2.67% and a negative trailing twelve-month return on equity of 3.52%.

Shake Shack issued an update on its fourth quarter 2022 earnings guidance on Friday, November, 18th. The company provided EPS guidance of for the period. The company issued revenue guidance of $225.00 million-$230.00 million, compared to the consensus revenue estimate of $236.94 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 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 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 a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.60%), Fred Alger Management LLC (8.11%), 12 West Capital Management LP (4.01%), State Street Corp (3.00%), Balyasny Asset Management LLC (1.95%) and Dimensional Fund Advisors LP (1.50%). 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 $48.66.

Shake Shack (NYSE:SHAK) has a market capitalization of $2.05 billion and generates $739.89 million in revenue each year. The company earns $-8,650,000.00 in net income (profit) each year or ($0.59) 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.