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

Shake Shack (NYSE:SHAK) reported Q2 earnings of $0.27 per share, meeting analyst expectations and showing a 50% increase from last year. Quarterly sales of $316.50 million beat estimates by 0.61% and increased by 16.44% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:01 am

Shake Shack is trading lower after Wedbush maintained a Neutral rating on the stock and lowered its price target from $110 to $90.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 7:29 pm

In the last three months, 18 analysts have published ratings on Shake Shack (NYSE:SHAK), with a mix of bullish, indifferent, and somewhat bearish sentiments. The average 12-month price target is $113.33, with a high of $125.00 and a low of $90.00. Recent analyst actions include both raises and lowers in ratings and price targets.

Portfolio Pulse from Benzinga Insights

July 19, 2024 | 4:01 pm

Wedbush analyst Nick Setyan maintains a Neutral rating on Shake Shack (NYSE:SHAK) but lowers the price target from $110 to $90.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 3:08 pm

B of A Securities analyst Sara Senatore maintains a Neutral rating on Shake Shack (NYSE:SHAK) but lowers the price target from $116 to $96.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 5:33 pm

Morgan Stanley analyst Brian Harbour maintains an Equal-Weight rating on Shake Shack (NYSE:SHAK) but lowers the price target from $108 to $100.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 4:26 pm

JPMorgan analysts have identified Beyond Meat (BYND), Shake Shack (SHAK), and GlobalFoundries (GFS) as potential short opportunities due to various sector-specific challenges. Beyond Meat faces declining consumer interest in alternative meats, Shake Shack struggles with high promotional activity and low traffic visibility, and GlobalFoundries is expected to see slower growth compared to its peers.

Portfolio Pulse from Surbhi Jain

July 16, 2024 | 4:23 pm

Truist Securities has maintained its Buy rating on Shake Shack (NYSE:SHAK) and raised the price target from $124 to $125.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:53 pm

21 analysts have provided ratings for Shake Shack (NYSE:SHAK) over the past three months, showing a mix of bullish and bearish perspectives. The average 12-month price target is $117.57, with a high of $125.00 and a low of $102.00. Recent ratings indicate a positive trend, with several analysts raising their price targets.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 7:00 pm

TD Cowen analyst Andrew Charles has reiterated a Buy rating on Shake Shack (NYSE:SHAK) and maintained a price target of $125.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 2:48 pm

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