Shake Shack Inc [SHAK] stock prices are up 1.06% to $104.79 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 4.72% over the last week, with a monthly amount glided 6.49%, and seem to be holding up well over a long-time horizon.
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On 12, March 2024, Shake Shack to Participate at the UBS Global Consumer and Retail Conference on March 14, 2024. In a post published today on Yahoo Finance, Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK), today announced that the Company will host a fireside chat at the UBS Global Consumer and Retail Conference on Thursday, March 14, 2024. The fireside chat will begin at 10:00 a.m. Eastern Time.
From an analyst’s perspective:
Shake Shack Inc [NYSE: SHAK] stock has seen the most recent analyst activity on March 07, 2024, when TD Cowen upgraded its rating to a Outperform and also boosted its price target to $125 from $91. Previously, HSBC Securities started tracking the stock with Hold rating on December 20, 2023, and set its price target to $74. On December 06, 2023, upgrade upgraded it’s rating to Strong Buy but maintained its price target of $78 on the stock. Deutsche Bank started tracking the stock assigning a Hold rating and suggested a price target of $62 on October 19, 2023. BofA Securities initiated its recommendation with a Neutral and recommended $66 as its price target on October 05, 2023. Northcoast upgraded its rating to Buy for this stock on September 15, 2023, but kept the price target unchanged to $85. In a note dated August 09, 2023, Northcoast downgraded an Neutral rating on this stock.
The stock price of Shake Shack Inc [SHAK] has been fluctuating between $52.40 and $108.39 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 $104.79 at the most recent close of the market. An investor can expect a potential drop of -26.95% 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 0.34% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.67.
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 103.45 points at the first support level, and at 102.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 106.44, and for the 2nd resistance point, it is at 108.10.
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 1.37. Considering the valuation of this stock, the price to sales ratio is 3.80, the price to book ratio is 9.33 and price to earnings (TTM) ratio is 228.65.
Transactions by insiders
Recent insider trading involved Flug Jeffrey, Director, that happened on Mar 04 ’24 when 304.0 shares were sold. Director, Meyer Daniel Harris completed a deal on Mar 01 ’24 to sell 40000.0 shares. Meanwhile, Director Meyer Daniel Harris sold 6034.0 shares on Feb 26 ’24.
