Shake Shack Inc [SHAK] stock is trading at $96.53, down -0.56%. An important factor to consider is whether the stock is rising or falling in short-term value. The SHAK shares have lost -2.01% over the last week, with a monthly amount drifted -6.91%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Shake Shack Inc [NYSE: SHAK] stock has seen the most recent analyst activity on March 22, 2024, when Oppenheimer reiterated its Outperform rating and also boosted its price target to $120 from $108. Previously, TD Cowen upgraded its rating to Outperform on March 07, 2024, and elevated its price target to $125. On December 20, 2023, HSBC Securities initiated with a Hold rating and assigned a price target of $74 on the stock. Raymond James upgraded its rating to a Strong Buy but stick to its price target of $78 on December 06, 2023. Deutsche Bank initiated its recommendation with a Hold and recommended $62 as its price target on October 19, 2023. BofA Securities started tracking with a Neutral rating for this stock on October 05, 2023, and assigned it a price target of $66. In a note dated September 15, 2023, Northcoast upgraded an Buy rating on this stock but restated the target price of $85.
Shake Shack Inc [SHAK] stock has fluctuated between $52.64 and $110.90 over the past year. Currently, Wall Street analysts expect the stock to reach $81 within the next 12 months. Shake Shack Inc [NYSE: SHAK] shares were valued at $96.53 at the most recent close of the market. An investor can expect a potential drop of -16.09% based on the average SHAK price forecast.
Analyzing the SHAK fundamentals
Shake Shack Inc [NYSE:SHAK] reported sales of 1.09B for the trailing twelve months, which represents a growth 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 95.04 points at the first support level, and at 93.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 97.52, and for the 2nd resistance point, it is at 98.51.
Ratios To Look Out For
For context, Shake Shack Inc’s Current Ratio is 2.04. On the other hand, the Quick Ratio is 2.01, and the Cash Ratio is 1.37. Considering the valuation of this stock, the price to sales ratio is 3.50, the price to book ratio is 8.59 and price to earnings (TTM) ratio is 210.63.
Transactions by insiders
Recent insider trading involved Flug Jeffrey, Director, that happened on Apr 04 ’24 when 304.0 shares were sold. Director, Flug Jeffrey completed a deal on Mar 04 ’24 to sell 304.0 shares. Meanwhile, Director Meyer Daniel Harris sold 40000.0 shares on Mar 01 ’24.
