Shake Shack Inc (SHAK) concluded trading on Wednesday at a closing price of $122.47, with 4.21 million shares of worth about $515.77 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 18.52% during that period and on October 30, 2024 the price saw a gain of about 7.79%. Currently the company’s common shares owned by public are about 39.47M shares, out of which, 37.93M shares are available for trading.
Stock saw a price change of 12.82% in past 5 days and over the past one month there was a price change of 20.39%. Year-to-date (YTD), SHAK shares are showing a performance of 65.23% which increased to 119.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $54.06 but also hit the highest price of $115.28 during that period. The average intraday trading volume for Shake Shack Inc shares is 962.14K. The stock is currently trading 11.30% above its 20-day simple moving average (SMA20), while that difference is up 15.85% for SMA50 and it goes to 26.46% 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 95.70% of that.
The stock has a current market capitalization of $5.20B and its 3Y-monthly beta is at 1.84. PE ratio of stock for trailing 12 months is 197.06, while it has posted earnings per share of $0.62 in the same period. Its PEG reads 4.28 and has Quick Ratio of 2.03 while making debt-to-equity ratio of 1.73. 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 3.02% while standing at 3.75% over the month.
Stock’s fiscal year EPS is expected to rise by 106.03% while it is estimated to increase by 39.58% in next year. EPS is likely to grow at an annualized rate of 46.04% 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 Piper Sandler on August 19, 2024 offering a Neutral rating for the stock and assigned a target price range of between $121 and $114 to it. Coverage by CapitalOne stated Shake Shack Inc (SHAK) stock as an Overweight in their note to investors on July 29, 2024, suggesting a price target of $95 for the stock. On June 13, 2024, Goldman Initiated their recommendations, while on March 22, 2024, Oppenheimer Reiterated their ratings for the stock with a price target of $120. Stock get an Outperform rating from TD Cowen on March 07, 2024.
