The stock of Shake Shack Inc (SHAK) has seen a -2.65% decrease in the past week, with a 0.31% gain in the past month, and a 44.73% flourish in the past quarter. The volatility ratio for the week is 3.01%, and the volatility levels for the past 30 days are at 3.41% for SHAK. The simple moving average for the past 20 days is -2.82% for SHAK’s stock, with a 37.11% simple moving average for the past 200 days.
Is It Worth Investing in Shake Shack Inc (NYSE: SHAK) Right Now?
The price-to-earnings ratio for Shake Shack Inc (NYSE: SHAK) is above average at 220.97x. The 36-month beta value for SHAK is also noteworthy at 1.81. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 5 rating it as “hold,” and 2 rating it as “sell.”
The public float for SHAK is 37.47M, and at present, short sellers hold a 8.68% of that float. The average trading volume of SHAK on April 05, 2024 was 1.01M shares.
SHAK) stock’s latest price update
The stock price of Shake Shack Inc (NYSE: SHAK) has jumped by 0.94 compared to previous close of 100.33. Despite this, the company has seen a fall of -2.65% in its stock price over the last five trading days. InvestorPlace reported 2024-04-04 that A couple of years have passed since the coronavirus pandemic, but Americans continue to favor dining out. Moreover, that trend has persisted despite the crippling inflationary effect, highlighting the importance of the best restaurant stocks to buy in April.
Analysts’ Opinion of SHAK
Many brokerage firms have already submitted their reports for SHAK stocks, with Oppenheimer repeating the rating for SHAK by listing it as a “Outperform.” The predicted price for SHAK in the upcoming period, according to Oppenheimer is $120 based on the research report published on March 22, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see SHAK reach a price target of $125, previously predicting the price at $91. The rating they have provided for SHAK stocks is “Outperform” according to the report published on March 07th, 2024.
HSBC Securities gave a rating of “Hold” to SHAK, setting the target price at $74 in the report published on December 20th of the previous year.
SHAK Trading at 7.28% from the 50-Day Moving Average
After a stumble in the market that brought SHAK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.68% of loss for the given period.
Volatility was left at 3.41%, however, over the last 30 days, the volatility rate increased by 3.01%, as shares sank -3.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +41.93% upper at present.
During the last 5 trading sessions, SHAK fell by -3.17%, which changed the moving average for the period of 200-days by +36.14% in comparison to the 20-day moving average, which settled at $104.02. In addition, Shake Shack Inc saw 36.63% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SHAK starting from Flug Jeffrey, who sale 304 shares at the price of $108.05 back on Mar 04 ’24. After this action, Flug Jeffrey now owns 4,058 shares of Shake Shack Inc, valued at $32,846 using the latest closing price.
Meyer Daniel Harris, the Director of Shake Shack Inc, sale 40,000 shares at $106.34 during a trade that took place back on Mar 01 ’24, which means that Meyer Daniel Harris is holding 480,437 shares at $4,253,629 based on the most recent closing price.
Stock Fundamentals for SHAK
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.34 for the gross margin
The net margin for Shake Shack Inc stands at 0.02. The total capital return value is set at 0.01. Equity return is now at value 4.72, with 1.27 for asset returns.
Based on Shake Shack Inc (SHAK), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.65. The debt to equity ratio resting at 0.67. The interest coverage ratio of the stock is 9.04.
Currently, EBITDA for the company is 188.98 million with net debt to EBITDA at 3.97. When we switch over and look at the enterprise to sales, we see a ratio of 4.15. The receivables turnover for the company is 64.55for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.04.
Conclusion
In summary, Shake Shack Inc (SHAK) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
