At the time of writing, Shake Shack Inc [SHAK] stock is trading at $129.42, up 5.21%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SHAK shares have gain 11.10% over the last week, with a monthly amount glided 17.18%, 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 August 19, 2024, when Piper Sandler downgraded its rating to a Neutral and also revised its price target to $114 from $121. Previously, CapitalOne started tracking the stock with Overweight rating on July 29, 2024, and set its price target to $95. On June 13, 2024, Goldman initiated with a Buy rating and assigned a price target of $110 on the stock. Oppenheimer reiterated its Outperform rating and increased its price target to $120 on March 22, 2024. TD Cowen upgraded its rating to a Outperform and raised its price target to $125 on March 07, 2024. HSBC Securities started tracking with a Hold rating for this stock on December 20, 2023, and assigned it a price target of $74. In a note dated December 06, 2023, Raymond James upgraded an Strong Buy rating on this stock but restated the target price of $78.
For the past year, the stock price of Shake Shack Inc fluctuated between $59.92 and $134.90. Currently, Wall Street analysts expect the stock to reach $109.19 within the next 12 months. Shake Shack Inc [NYSE: SHAK] shares were valued at $129.42 at the most recent close of the market. An investor can expect a potential drop of -15.63% based on the average SHAK price forecast.
Analyzing the SHAK fundamentals
According to Shake Shack Inc [NYSE:SHAK], the company’s sales were 1.21B for trailing twelve months, which represents an 14.74% jump. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.54.
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 126.09 points at the first support level, and at 122.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 131.37, and for the 2nd resistance point, it is at 133.33.
Ratios To Look Out For
It is important to note that Shake Shack Inc [NYSE:SHAK] has a current ratio of 2.01. Also, the Quick Ratio is 1.98, while the Cash Ratio stands at 1.77. Considering the valuation of this stock, the price to sales ratio is 4.56, the price to book ratio is 11.36 and price to earnings (TTM) ratio is 713.84.
Transactions by insiders
Recent insider trading involved Fogertey Katherine Irene, Chief Financial Officer, that happened on Nov 06 ’24 when 642.0 shares were sold. Director, Meyer Daniel Harris completed a deal on Nov 06 ’24 to sell 27209.0 shares. Meanwhile, Chief Financial Officer Fogertey Katherine Irene sold 3858.0 shares on Nov 05 ’24.
