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

Recent analyst ratings for Shake Shack (NYSE:SHAK) show a diverse range of perspectives, with the latest 12-month price targets suggesting an upward trend. The average target is now $101.53, marking a 23.25% increase from the previous $82.38. Analyst actions include maintaining and raising ratings, with price targets adjusted accordingly. Shake Shack's financials indicate a strong revenue growth of 20.0% as of December 31, 2023, an impressive net margin of 2.52%, but below-average ROE and ROA, suggesting challenges in utilizing equity and assets efficiently.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 9:00 pm

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

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:29 pm

Shake Shack Inc (NYSE:SHAK) announced the appointment of Rob Lynch, current President and CEO of Papa John's International, Inc (NASDAQ:PZZA), as its new CEO effective May 20, 2024. Lynch, with over 25 years of experience in the QSR and consumer packaged goods industries, will succeed Randy Garutti. SHAK shares dropped 1.15% to $107.96 following the announcement.

Portfolio Pulse from Shivani Kumaresan

March 21, 2024 | 3:34 pm

Shake Shack Inc. announced Rob Lynch, current President and CEO of Papa John's International, as its new CEO effective May 20, 2024. Lynch's leadership at Papa John's led to record sales. He will succeed Randy Garutti, who will transition to an advisor role after May 20, 2024, to ensure a smooth transition.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 11:52 am

BTIG analyst Peter Saleh has maintained a Buy rating on Shake Shack (NYSE:SHAK) and increased the price target from $110 to $120.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 5:22 pm

Today's session highlighted significant options activity for 10 consumer discretionary stocks, indicating potential trading opportunities based on whale alerts. These alerts, tracking large transactions, suggest varied sentiments across the stocks, with notable bearish and bullish positions on companies like TSLA, LULU, and AMZN among others. The activity spans a range of expiration dates and strike prices, reflecting diverse market expectations.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 5:35 pm

Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Albemarle Corporation (ALB), Micron Technology (MU), Nordstrom (JWN), James River Group Holdings (JRVR), Foot Locker (FL), Couchbase (BASE), International Business Machines Corporation (IBM), GoDaddy Inc. (GDDY), and Shake Shack Inc. (SHAK). These changes reflect analysts' latest views on these stocks, with some experiencing upgrades, downgrades, and adjustments in price targets.

Portfolio Pulse from Avi Kapoor

March 07, 2024 | 1:30 pm

TD Cowen analyst Andrew Charles upgraded Shake Shack (NYSE:SHAK) from Market Perform to Outperform and increased the price target from $91 to $125.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:16 am

Today's whale activity in the consumer discretionary sector shows significant options trading across various stocks, indicating potential trading opportunities. Notable bearish sentiment is observed in TSLA, ULTA, CVNA, SHAK, DASH, and EAT call options, while JD and ETSY put options exhibit bullish sentiment. ABNB call options also show bullish sentiment, contrasting with the bearish trend in other stocks.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 5:35 pm

In the last three months, 14 analysts have provided diverse evaluations of Shake Shack (NYSE:SHAK), with ratings ranging from bullish to bearish. The average 12-month price target for SHAK has been raised to $93.21, indicating a 17.85% increase from the previous target of $79.09. Analysts from firms like JP Morgan, UBS, and Raymond James have adjusted their ratings and price targets, reflecting a generally positive outlook on the company's performance. Shake Shack's financial indicators show solid revenue growth and efficient cost management, despite challenges in ROE and ROA compared to industry benchmarks.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 5:00 pm

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