NYSE:SHAK - Shake Shack Stock Price, Forecast & News

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 (WHO). Since then, SHAK shares have decreased by 2.1% and is now trading at $40.64. View which stocks have been mosted impacted by Coronavirus.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shake Shack in the last year. There are currently 2 sell ratings, 11 hold ratings and 5 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 Thursday, May 7th 2020. View our earnings forecast for Shake Shack.

Shake Shack Inc (NYSE:SHAK) issued its quarterly earnings results on Monday, February, 24th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.07. The firm had revenue of $151.44 million for the quarter, compared to the consensus estimate of $153.05 million. Shake Shack had a net margin of 3.34% and a return on equity of 9.03%. The company's revenue for the quarter was up 21.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS. View Shake Shack's earnings history.

Shake Shack updated its FY 2020 After-Hours earnings guidance on Monday, February, 24th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $712-720 million, compared to the consensus revenue estimate of $737.1 million.

18 equities research analysts have issued twelve-month price targets for Shake Shack's stock. Their forecasts range from $40.00 to $97.00. On average, they anticipate Shake Shack's stock price to reach $63.92 in the next year. This suggests a possible upside of 57.3% from the stock's current price. View analysts' price targets for Shake Shack.

News stories about SHAK stock have been trending negative recently, InfoTrie reports. The research group ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Shake Shack earned a media sentiment score of -2.1 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutShake Shack.

Shake Shack saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 8,891,700 shares, an increase of 31.3% from the February 27th total of 6,770,000 shares. Based on an average daily trading volume, of 1,920,000 shares, the days-to-cover ratio is presently 4.6 days. Currently, 30.0% of the company's stock are sold short. View Shake Shack's Current Options Chain.

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

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), Micron Technology (MU), Starbucks (SBUX), Walt Disney (DIS), Gilead Sciences (GILD), Paypal (PYPL) and Boeing (BA).

(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 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 number of retail and institutional investors. Top institutional investors include Lord Abbett & CO. LLC (3.46%), Macquarie Group Ltd. (2.46%), Macquarie Group Ltd. (2.46%), FMR LLC (2.26%), State Street Corp (2.22%) and Zevenbergen Capital Investments LLC (1.57%). 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 Renaissance Technologies LLC, FMR LLC, Fred Alger Management LLC, Cubist Systematic Strategies LLC, Bank of New York Mellon Corp, Zevenbergen Capital Investments LLC, Bank of America Corp DE, and First Trust Advisors LP. 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 bought by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Norges Bank, Macquarie Group Ltd., Macquarie Group Ltd., Bridger Management LLC, RPG Investment Advisory LLC, UBS Group AG, and Man Group plc. 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 $40.64.

Shake Shack has a market capitalization of $1.53 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. View additional information about Shake Shack.

The official website for Shake Shack is http://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]