Streetbeat News

SHAK

Shake Shack Inc.

https://www.shakeshack.com

Industry

Restaurants

Shake Shack Inc. owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 29, 2021, it operated 369 Shacks, including 218 domestic company-operated Shacks, 25 domestic licensed Shacks, and 126 international licensed Shacks. Shake Shack Inc. was founded in 2001 and is headquartered in New York, New York.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

Shake Shack (NYSE:SHAK) has received mixed analyst evaluations over the past three months, with a majority of ratings being indifferent. The average 12-month price target has slightly increased to $112.65. Analysts have adjusted their ratings and price targets, reflecting their response to recent developments. Shake Shack has shown a positive revenue trend but faces challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 7:00 pm

B of A Securities has maintained a Neutral rating on Shake Shack (NYSE:SHAK) while raising the price target from $104 to $116.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 4:42 pm

Piper Sandler has downgraded Shake Shack from Overweight to Neutral and reduced its price target from $121 to $114.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 4:14 pm

Several stocks experienced declines in Monday's pre-market session. Liquidia Corporation saw a significant drop after FDA's tentative approval of YUTREPIA. Shake Shack was downgraded by Piper Sandler, contributing to its decline. Other stocks like YXT.COM, Mereo BioPharma, and Serve Robotics also faced losses.

Portfolio Pulse from Avi Kapoor

August 19, 2024 | 12:27 pm

Piper Sandler has downgraded Shake Shack from Overweight to Neutral, setting a price target of $114.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 12:22 pm

Shares of hotel, restaurant, and leisure companies are trading higher following strong economic data that helps ease recession concerns.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 5:31 pm

Serve Robotics Inc (NASDAQ:SERV) shares surged after reporting better-than-expected Q2 revenue and announcing a partnership with Shake Shack Inc (NYSE:SHAK) for delivery via Uber Technologies Inc's (NYSE:UBER) Uber Eats. The company also highlighted significant growth in daily supply hours and active robots, and plans to expand its fleet to 2,000 robots by 2025. Nvidia Corp (NASDAQ:NVDA) holds a 10% stake in Serve Robotics.

Portfolio Pulse from Adam Eckert

August 14, 2024 | 1:28 pm

Serve Robotics, a company involved in robotics, has the ticker symbol 'SERV'.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 12:19 pm

Serve Robotics and Shake Shack have announced a partnership to deliver Shake Shack orders using Serve's autonomous delivery robots via Uber Eats, the delivery platform of Uber Technologies.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 11:15 am

The article highlights the top-performing mid-cap stocks from July 28 to August 3, including Lumen Technologies, Shake Shack, Parsons Corp, Clearwater Analytics Holdings, Repligen Corp, Frontdoor Inc, and NeoGenomics. These companies saw significant stock price increases due to positive earnings reports, supply agreements, and raised revenue outlooks.

Portfolio Pulse from Lekha Gupta

August 05, 2024 | 12:01 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.