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

Shares of dining and fast food stocks are trading lower after Starbucks reported weak earnings, impacting the broader sector.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:46 pm

California's minimum wage increase for fast-food workers has led to menu price hikes across the state, with chains like Chipotle, McDonald's, Jack in the Box, and Shake Shack planning to raise prices. This follows a mandated rise in hourly pay to $20 by April, causing a statewide average price increase of 10%, outpacing other regions. Chipotle reported a 6% to 7% price increase at its California locations.

Portfolio Pulse from Shivani Kumaresan

April 29, 2024 | 4:33 pm

Morgan Stanley analyst Brian Harbour has maintained an Equal-Weight rating on Shake Shack (NYSE:SHAK) and increased the price target from $88 to $105.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 5:14 pm

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

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 3:13 pm

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

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 5:54 pm

Analysts have varied opinions on Shake Shack (NYSE:SHAK), with recent ratings ranging from bullish to bearish. The average 12-month price target has risen to $106.06, up 21.61% from $87.21. Analyst actions include maintaining, raising, and adjusting price targets, reflecting changing market dynamics and company performance. Shake Shack's financial performance shows solid revenue growth of 20.0% as of December 31, 2023, a net margin of 2.52%, but below-average ROE and ROA, indicating potential efficiency challenges.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 7:00 pm

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

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 4:18 pm

Truist Securities analyst Jake Bartlett maintains a Buy rating on Shake Shack (SHAK) and raises the price target from $112 to $115.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:34 pm

Wall Street's most accurate analysts have made new stock picks, highlighting potential upsides and downsides in companies like Micron Technology, NVIDIA, Shake Shack, Core & Main, and Chipotle Mexican Grill. These picks are based on recent company performances and market trends, with analysts from firms like Oppenheimer, Truist Securities, Wedbush, Deutsche Bank, and Wells Fargo providing insights.

Portfolio Pulse from Avi Kapoor

March 25, 2024 | 12:23 pm

Oppenheimer analyst Brian Bittner has maintained an Outperform rating on Shake Shack (SHAK) and increased the price target from $108 to $120.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 12:57 pm

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.