Shake Shack Inc [SHAK] stock prices are up 1.00% to $102.14 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SHAK shares have gain 4.68% over the last week, with a monthly amount glided 38.63%, and seem to be holding up well over a long-time horizon.
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On 15, February 2024, Shake Shack Promotes Michael Kark to Expanded Role of President of Global Licensing. In a post published today on Yahoo Finance, Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK) today announced the promotion of Michael Kark to the expanded role of President of Global Licensing, effective February 22, 2024.
From an analyst’s perspective:
Shake Shack Inc [NYSE: SHAK] stock has seen the most recent analyst activity on December 20, 2023, when HSBC Securities initiated its Hold rating and assigned the stock a price target of $74. Previously, Raymond James upgraded its rating to Strong Buy on December 06, 2023, and kept the price target unchanged to $78. On October 19, 2023, Deutsche Bank initiated with a Hold rating and assigned a price target of $62 on the stock. BofA Securities started tracking the stock assigning a Neutral rating and suggested a price target of $66 on October 05, 2023. Northcoast upgraded its rating to a Buy but $85 remained the price target by the analyst firm on September 15, 2023. Northcoast downgraded its rating to Neutral for this stock on August 09, 2023. In a note dated August 04, 2023, Raymond James upgraded an Outperform rating on this stock but restated the target price of $87.
The stock price of Shake Shack Inc [SHAK] has been fluctuating between $52.01 and $102.82 over the past year. Currently, Wall Street analysts expect the stock to reach $76.55 within the next 12 months. Shake Shack Inc [NYSE: SHAK] shares were valued at $102.14 at the most recent close of the market. An investor can expect a potential drop of -25.05% based on the average SHAK price forecast.
Analyzing the SHAK fundamentals
The Shake Shack Inc [NYSE:SHAK] reported sales of 1.09B for trailing twelve months, representing a surge of 20.00%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 100.63 points at the first support level, and at 99.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 103.08, and for the 2nd resistance point, it is at 104.03.
Shake Shack Inc [SHAK] reported earnings per share of $0.02 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.01/share, meaning a difference of $0.01 and a surprise factor of 100.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.17 per share as compared to estimates of $0.1 per share, a difference of $0.07 representing a surprise of 70.00%.
Ratios To Look Out For
It’s worth pointing out that Shake Shack Inc [NYSE:SHAK]’s Current Ratio is 2.04. In addition, the Quick Ratio stands at 2.01 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 3.71, the price to book ratio is 9.10 and price to earnings (TTM) ratio is 224.83.
Transactions by insiders
Recent insider trading involved Meyer Daniel Harris, Director, that happened on Feb 26 when 6034.0 shares were sold. Director, Meyer Daniel Harris completed a deal on Feb 23 to sell 23966.0 shares. Meanwhile, Director Meyer Daniel Harris sold 30000.0 shares on Feb 15.
