With over 0.46 million Shake Shack Inc (SHAK) shares trading Friday and a closing price of $74.12 on the day, the dollar volume was approximately $33.93 million. The shares have shown a negative half year performance of -4.63% and its price on 12/29/23 lost nearly -1.81%. Currently, there are 39.28M common shares owned by the public and among those 37.39M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 22 analysts who have offered their price forecasts for SHAK have a consensus price objective of $70.25. The analysts have set the share’s price value over the next 12 months at a high of $85.00 and a low of $56.00. The average price target is -5.51% below its recent price level and a downside to the estimated low will see the stock lose -32.36% over that period. But an upside of 12.8% will see the stock hit the forecast high price target while median target price for the stock is $67.00.
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Insiders at the company have transacted a total of 30 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 19 of these insider trades were purchases, accounting for 86,242 shares. Insider sales of the common stock occurred on 11 occasions, with total insider shares sold totaling 17,316 shares.
Shares of Shake Shack Inc (NYSE: SHAK) opened at $75.12, down -$0.37 from a prior closing price of $75.49. However, the script later moved the day high at 75.58, down -1.81%. The company’s stock has a 5-day price change of 0.52% and 27.64% over the past three months. SHAK shares are trading 78.47% year to date (YTD), with the 12-month market performance up to 74.20% higher. It has a 12-month low price of $40.83 and touched a high of $80.58 over the same period. SHAK has an average intraday trading volume of 793.38K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.95%, 18.98%, and 14.38% respectively.
Institutional ownership of Shake Shack Inc (NYSE: SHAK) shares accounts for 91.04% of the company’s 39.28M shares outstanding.
It has a market capitalization of $2.93B and a beta (3y monthly) value of 1.72. The stock’s trailing 12-month PE ratio is 2353.02, while the earnings-per-share (ttm) stands at $0.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.09% over the week and 2.93% over the month.
Analysts forecast that Shake Shack Inc (SHAK) will achieve an EPS of $0 for the current quarter, $0.03 for the next quarter and $0.47 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.03 while analysts give the company a high EPS estimate of $0.05. Comparatively, EPS for the current quarter was -$0.06 a year ago. Earnings per share for the fiscal year are expected to increase by 211.92%, and 37.60% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 22 brokerage firm advisors rate Shake Shack Inc (SHAK) as a “Moderate Buy” at a consensus score of 2.45. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 14 of the 22 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the SHAK, a number of firms have released research notes about the stock. HSBC Securities stated their Hold rating for the stock in a research note on December 20, 2023, with the firm’s price target at $74.
