Shake Shack Inc (SHAK) concluded trading on Thursday at a closing price of $102.41, with 4.25 million shares of worth about $434.95 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 35.53% during that period and on August 01, 2024 the price saw a gain of about 16.88%. Currently the company’s common shares owned by public are about 39.47M shares, out of which, 37.56M shares are available for trading.
Stock saw a price change of 29.90% in past 5 days and over the past one month there was a price change of 19.95%. Year-to-date (YTD), SHAK shares are showing a performance of 38.17% which increased to 32.72% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $52.79 but also hit the highest price of $111.29 during that period. The average intraday trading volume for Shake Shack Inc shares is 893.40K. The stock is currently trading 21.36% above its 20-day simple moving average (SMA20), while that difference is up 14.81% for SMA50 and it goes to 22.66% higher than SMA200.
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Shake Shack Inc (NYSE: SHAK) currently have 39.47M outstanding shares and institutions hold larger chunk of about 93.66% of that.
The stock has a current market capitalization of $4.06B and its 3Y-monthly beta is at 1.76. PE ratio of stock for trailing 12 months is 187.32, while it has posted earnings per share of $0.55 in the same period. Its PEG reads 4.02 and has Quick Ratio of 1.99 while making debt-to-equity ratio of 1.76. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SHAK, volatility over the week remained 4.82% while standing at 3.80% over the month.
Stock’s fiscal year EPS is expected to rise by 98.92% while it is estimated to increase by 40.61% in next year. EPS is likely to grow at an annualized rate of 46.59% for next 5-years, compared to annual growth of -2.36% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by CapitalOne on July 29, 2024 offering an Overweight rating for the stock and assigned a target price of $95 to it. Coverage by Goldman stated Shake Shack Inc (SHAK) stock as a Buy in their note to investors on June 13, 2024, suggesting a price target of $110 for the stock. On March 22, 2024, Oppenheimer Reiterated their recommendations, while on March 07, 2024, TD Cowen Upgrade their ratings for the stock with a price target of $125. Stock get a Hold rating from HSBC Securities on December 20, 2023.
