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

124.11

Mkt cap

5.2B

Volume

748K

High

124.36

P/E Ratio

607.65

52-wk high

134.90

Low

121.01

Div yield

N/A

52-wk low

59.92

JP Morgan analyst John Ivankoe has maintained an Underweight rating on Shake Shack (NYSE:SHAK) but raised the price target from $65 to $100.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 4:16 pm

Insiders at Dover, Signet Jewelers, Shake Shack, and Robinhood have recently sold shares. Dover's CFO sold shares after a revenue decline report. Signet Jewelers is set to announce Q4 results soon. Shake Shack's director sold shares following positive Q4 results. Robinhood's Chief Brokerage Officer sold shares after reporting January operating data. Insider sales can indicate various strategic or personal reasons and should be considered as part of a broader investment decision-making process.

Portfolio Pulse from Avi Kapoor

February 28, 2024 | 1:07 pm

On CNBC's 'Halftime Report Final Trades,' experts highlighted JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), BlackRock (BLK), Fortinet (FTNT), and Shake Shack (SHAK) as their final trades. BlackRock reported a 7% Y/Y revenue growth in Q4 and announced a deal to acquire Global Infrastructure Partners. Fortinet and Shake Shack both reported better-than-expected Q4 financial results. The mentioned assets experienced positive price movements on Thursday.

Portfolio Pulse from Avi Kapoor

February 23, 2024 | 1:26 pm

On CNBC's Halftime Report, analysts shared their final trades, highlighting Shake Shack (SHAK), Fortinet (FTNT), BlackRock (BLK), and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) as notable picks. These recommendations provide insights into potential stock movements based on the analysts' perspectives.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 6:01 pm

Jersey Mike's Subs, a rival to Subway, is experiencing a surge in popularity, with visits up 14.1% YoY and plans to open 350 new stores in 2024. The company targets affluent suburbs, attracting a higher percentage of prosperous customers compared to other sub-sandwich chains. In the fast food sector, Potbelly Corporation (PBPB) shares are up 20.5% in 2024, Shake Shack Inc. (SHAK) shares jumped 26%, and Chipotle Mexican Grill Inc. (CMG) shares climbed 88.2% since the start of 2023. The Invesco Food & Beverage ETF (PBJ) is down 1% since the start of 2024, while the AdvisorShares Restaurant ETF (EATZ) is up 2.3% this year.

Portfolio Pulse from Neil Dennis

February 16, 2024 | 10:25 pm

Raymond James analyst Brian Vaccaro has maintained a Strong Buy rating on Shake Shack (NYSE:SHAK) and increased the price target from $90 to $115.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 3:28 pm

On CNBC's 'Halftime Report Final Trades,' analysts recommended Invesco S&P 500 Equal Weight Energy ETF (RSPG), Cardinal Health (CAH), and Shake Shack (SHAK). Cardinal Health reported a strong Q2 FY24 with a 38% increase in adjusted EPS and raised its FY24 guidance. Shake Shack expects to open 80 new restaurants this year and reported better-than-expected Q4 financial results. RSPG gained 3%, CAH shares rose 1.3%, and SHAK shares surged 26%.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 1:53 pm

Shake Shack Inc. (NYSE:SHAK) reported better-than-expected Q4 financial results, with a 20% Y/Y sales increase to $286.2 million and adjusted EPS of 2 cents, surpassing consensus estimates. The company opened 24 new Shacks and projects FY24 revenue of $1.21 billion-$1.25 billion with an operating margin of 20%-21%. Shares surged 26% to $98.40. Analysts from TD Cowen and Wedbush adjusted their price targets for SHAK following the earnings report.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 1:06 pm

Wedbush analyst Nick Setyan maintains a Neutral rating on Shake Shack (SHAK) and raises the price target from $80 to $100.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 12:01 pm

TD Cowen analyst Andrew Charles has maintained a Market Perform rating on Shake Shack (NYSE:SHAK) and increased the price target from $73 to $91.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 10:47 am

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