Shake Shack (SHAK) Stock Price, News & Analysis

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shake Shack in the last twelve months. There are currently 1 sell rating, 10 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities 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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17 Wall Street analysts have issued 1-year price targets for Shake Shack's stock. Their SHAK share price targets range from $59.00 to $125.00. On average, they anticipate the company's stock price to reach $88.67 in the next twelve months. This suggests that the stock has a possible downside of 6.9%.
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Shake Shack's stock was trading at $74.12 at the start of the year. Since then, SHAK shares have increased by 28.5% and is now trading at $95.23.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
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Shake Shack will be holding an earnings conference call on Thursday, May 2nd at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13745222".

Shake Shack Inc. (NYSE:SHAK) posted its quarterly earnings results on Thursday, February, 15th. The company reported $0.02 earnings per share for the quarter. The company earned $286.20 million during the quarter, compared to the consensus estimate of $280.45 million. Shake Shack had a trailing twelve-month return on equity of 3.67% and a net margin of 1.82%. The business's revenue for the quarter was up 20.0% on a year-over-year basis. During the same period last year, the company posted ($0.06) earnings per share.

ETFs with the largest weight of Shake Shack (NYSE:SHAK) stock in their portfolio include Invesco Dynamic Leisure and Entertainment ETF (PEJ), Invesco Food & Beverage ETF (PBJ), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), WisdomTree U.S. Growth & Momentum Fund (WGRO), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Innovator IBD Breakout Opportunities ETF (BOUT), Invesco S&P SmallCap Momentum ETF (XSMO) and AdvisorShares Restaurant ETF (EATZ).

Shake Shack updated its first quarter 2024 earnings guidance on Friday, February, 16th. The company provided EPS guidance of for the period. The company issued revenue guidance of $288.4 million-$292.8 million, compared to the consensus revenue estimate of $289.8 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).

Shake Shack (SHAK) raised $75 million in an IPO 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's stock is owned by many different retail and institutional investors. Top institutional investors include Wasatch Advisors LP (0.97%), Rye Brook Capital LLC (0.06%), Bridge City Capital LLC (0.06%), Los Angeles Capital Management LLC (0.04%), Range Financial Group LLC (0.02%) and Annex Advisory Services LLC (0.01%). Insiders that own company stock include Daniel Harris Meyer, Jeffrey Flug, Jenna Lyons 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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