A share price of Shake Shack Inc [SHAK] is currently trading at $96.43, down -5.84%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SHAK shares have gain 20.37% over the last week, with a monthly amount glided 12.26%, and 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 July 29, 2024, when CapitalOne initiated its Overweight rating and assigned the stock a price target of $95. Previously, Goldman started tracking the stock with Buy rating on June 13, 2024, and set its price target to $110. On March 22, 2024, Oppenheimer reiterated its Outperform rating and revised its price target to $120 on the stock. TD Cowen upgraded its rating to a Outperform and increased its price target to $125 on March 07, 2024. HSBC Securities initiated its recommendation with a Hold and recommended $74 as its price target on December 20, 2023. Raymond James upgraded its rating to Strong Buy for this stock on December 06, 2023, but kept the price target unchanged to $78. In a note dated October 19, 2023, Deutsche Bank initiated an Hold rating and provided a target price of $62 on this stock.
Shake Shack Inc experienced fluctuations in its stock price throughout the past year between $52.79 and $111.29. Currently, Wall Street analysts expect the stock to reach $98.93 within the next 12 months. Shake Shack Inc [NYSE: SHAK] shares were valued at $96.43 at the most recent close of the market. An investor can expect a potential return of 2.59% based on the average SHAK price forecast.
Analyzing the SHAK fundamentals
Trailing Twelve Months sales for Shake Shack Inc [NYSE:SHAK] were 1.17B which represents 16.44% growth. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.03%, 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 0.02, Equity is 0.06 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.66.
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 93.14 points at the first support level, and at 89.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 99.89, and for the 2nd resistance point, it is at 103.35.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Shake Shack Inc [NYSE:SHAK] is 2.06. Further, the Quick Ratio stands at 2.03, while the Cash Ratio is 1.8. Considering the valuation of this stock, the price to sales ratio is 3.27, the price to book ratio is 8.33 and price to earnings (TTM) ratio is 155.16.
Transactions by insiders
Recent insider trading involved Flug Jeffrey, Director, that happened on Jul 17 ’24 when 152.0 shares were sold. Director, Flug Jeffrey completed a deal on Jul 05 ’24 to sell 152.0 shares. Meanwhile, Chief Financial Officer Fogertey Katherine Irene sold 321.0 shares on Jun 18 ’24.
