Shake Shack Inc (NYSE: SHAK) is 41.20% higher on its value in year-to-date trading and has touched a low of $52.79 and a high of $111.29 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SHAK stock was last observed hovering at around $107.42 in the last trading session, with the day’s loss setting it -2.76%.
Currently trading at $104.66, the stock is 2.00% and 13.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.83 million and changing -2.57% at the moment leaves the stock 18.94% off its SMA200. SHAK registered 51.29% gain for a year compared to 6-month loss of 1.32%.
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The stock witnessed a 20.51% gain in the last 1 month and extending the period to 3 months gives it a 10.13%, and is -1.83% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.65% over the week and 4.19% over the month.
Shake Shack Inc (SHAK) has around 12196 employees, a market worth around $4.18B and $1.17B in sales. Current P/E ratio is 168.40 and Fwd P/E is 100.82. Profit margin for the company is 2.23%. Distance from 52-week low is 98.26% and -5.96% from its 52-week high. The company has generated returns on investments over the last 12 months (2.17%).
with sales reaching $316.15M over the same period.The EPS is expected to grow by 97.46% this year, but quarterly earnings will post 14.90% year-over-year. Quarterly sales are estimated to grow 14.70% in year-over-year returns.
441.0 institutions hold shares in Shake Shack Inc (SHAK), with institutional investors hold 102.91% of the company’s shares. The shares outstanding are 39.47M, and float is at 37.90M with Short Float at 10.49%. Institutions hold 97.66% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.94 million shares valued at $534.97 million. The investor’s holdings represent 15.0428 of the SHAK Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.37 million shares valued at $393.71 million to account for 11.0706 of the shares outstanding. The other top investors are 12 WEST CAPITAL MANAGEMENT LP which holds 1.79 million shares representing 4.5378 and valued at over $161.38 million, while GILDER GAGNON HOWE & CO LLC holds 3.9651 of the shares totaling 1.57 million with a market value of $141.01 million.
Shake Shack Inc (SHAK) Insider Activity
The most recent transaction is an insider sale by Meyer Daniel Harris, the company’s Director. SEC filings show that Meyer Daniel Harris sold 10,000 shares of the company’s common stock on Aug 15 ’24 at a price of $110.24 per share for a total of $1.1 million. Following the sale, the insider now owns 0.47 million shares.
Still, SEC filings show that on Aug 02 ’24, Fogertey Katherine Irene (Chief Financial Officer) disposed off 963 shares at an average price of $96.03 for $92475.0. The insider now directly holds 37,464 shares of Shake Shack Inc (SHAK).
