Shake Shack Inc (NYSE: SHAK) has a price-to-earnings ratio that is above its average at 152.48x. The stock has a 36-month beta value of 1.75. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 2 as “sell.”
The public float for SHAK is 37.57M, and at present, short sellers hold a 10.59% of that float. On July 18, 2024, the average trading volume of SHAK was 806.02K shares.
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SHAK) stock’s latest price update
The stock price of Shake Shack Inc (NYSE: SHAK) has plunged by -3.42 when compared to previous closing price of 86.31, but the company has seen a -1.29% decline in its stock price over the last five trading sessions. businesswire.com reported 2024-07-17 that NEW YORK–(BUSINESS WIRE)–Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK), will release second quarter 2024 financial results on August 1, 2024, before the market opens. In conjunction with the earnings release, Shake Shack will host a conference call at 8:00 a.m. ET. Hosting the call will be Rob Lynch, Chief Executive Officer, and Katie Fogertey, Chief Financial Officer. The conference call can be accessed live over the phone by dialing (877) 407-0792, or for international call.
SHAK’s Market Performance
Shake Shack Inc (SHAK) has experienced a -1.29% fall in stock performance for the past week, with a -10.88% drop in the past month, and a -12.17% drop in the past quarter. The volatility ratio for the week is 3.94%, and the volatility levels for the past 30 days are at 3.38% for SHAK. The simple moving average for the last 20 days is -4.35% for SHAK stock, with a simple moving average of 1.42% for the last 200 days.
Analysts’ Opinion of SHAK
Many brokerage firms have already submitted their reports for SHAK stocks, with Goldman repeating the rating for SHAK by listing it as a “Buy.” The predicted price for SHAK in the upcoming period, according to Goldman is $110 based on the research report published on June 13, 2024 of the current year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see SHAK reach a price target of $120, previously predicting the price at $108. The rating they have provided for SHAK stocks is “Outperform” according to the report published on March 22nd, 2024.
TD Cowen gave a rating of “Outperform” to SHAK, setting the target price at $125 in the report published on March 07th of the current year.
SHAK Trading at -10.57% 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 -25.10% of loss for the given period.
Volatility was left at 3.38%, however, over the last 30 days, the volatility rate increased by 3.94%, as shares sank -8.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.01% lower at present.
During the last 5 trading sessions, SHAK fell by -1.21%, which changed the moving average for the period of 200-days by +43.67% in comparison to the 20-day moving average, which settled at $86.78. In addition, Shake Shack Inc saw 12.47% 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 152 shares at the price of $85.26 back on Jul 05 ’24. After this action, Flug Jeffrey now owns 3,803 shares of Shake Shack Inc, valued at $12,959 using the latest closing price.
Fogertey Katherine Irene, the Chief Financial Officer of Shake Shack Inc, sale 321 shares at $90.91 during a trade that took place back on Jun 18 ’24, which means that Fogertey Katherine Irene is holding 40,016 shares at $29,184 based on the most recent closing price.
Stock Fundamentals for SHAK
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.27 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 5.55, with 1.50 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 0.67. The debt to equity ratio resting at 0.67. The interest coverage ratio of the stock is 10.13.
Currently, EBITDA for the company is 188.98 million with net debt to EBITDA at 3.71. When we switch over and look at the enterprise to sales, we see a ratio of 3.41. The receivables turnover for the company is 77.79for trailing twelve months and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.02.
Conclusion
To sum up, Shake Shack Inc (SHAK) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
