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

87.54

Mkt cap

3.4B

Volume

303K

High

87.36

P/E Ratio

353.71

52-wk high

139.89

Low

84.47

Div yield

N/A

52-wk low

77.50

Shake Shack's stock has risen by 27% over the past three months, driven by strong same-shack sales, strategic promotions, and ongoing expansion. These factors are enhancing its growth prospects.

Portfolio Pulse from

November 27, 2024 | 5:15 pm

Shake Shack (SHAK) is highlighted as a top momentum stock for long-term investment according to Zacks Style Scores, which helps investors identify top-rated stocks based on their investing style.

Portfolio Pulse from

November 19, 2024 | 4:15 pm

Shake Shack is outperforming traditional quick-service restaurants (QSRs) due to strong comparable sales growth, traffic rebound, and strategic pricing. The company's Q3 results highlight menu innovations, price increases, and expanded advertising spend, leading to significant EBITDA growth and improved margins.

Portfolio Pulse from

November 19, 2024 | 12:15 pm

Shake Shack (SHAK) is highlighted as a top growth stock for long-term investment, according to Zacks Style Scores.

Portfolio Pulse from

November 18, 2024 | 4:00 pm

The article suggests that Shake Shack, a growth stock, offers significant potential upside, potentially more than Cava Group stock.

Portfolio Pulse from

November 14, 2024 | 10:30 am

Shake Shack's stock has surged over 60% YTD due to new locations, increased customer traffic, and improved operating margins. The company reported strong Q3 earnings with accelerated same-store sales growth and plans to lower new build costs with new store designs.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

Truist Securities has maintained its Buy rating on Shake Shack and increased the price target from $127 to $144.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 10:20 am

Barclays analyst Jeffrey Bernstein maintains an Equal-Weight rating on Shake Shack (NYSE:SHAK) and raises the price target from $115 to $125.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 6:31 pm

Shake Shack's stock rose after reporting better-than-expected Q3 earnings, with a 14.7% revenue increase and strategic expansion plans. The company beat EPS estimates and showed strong sales growth, despite an operating loss due to impairments.

Portfolio Pulse from Nabaparna Bhattacharya

October 30, 2024 | 3:19 pm

Shake Shack shares rose following the release of their Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 12:01 pm

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