Shake Shack Inc (NYSE: SHAK) is 77.90% higher on its value in year-to-date trading and has touched a low of $54.06 and a high of $134.77 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 $133.16 in the last trading session, with the day’s loss setting it -1.3%.
Currently trading at $131.86, the stock is 14.04% and 21.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing -0.98% at the moment leaves the stock 33.75% off its SMA200. SHAK registered 128.05% gain for a year compared to 6-month gain of 25.50%. The firm has a 50-day simple moving average (SMA 50) of $107.5484 and a 200-day simple moving average (SMA200) of $98.28215.
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The stock witnessed a 22.06% loss in the last 1 month and extending the period to 3 months gives it a 28.78%, and is 8.38% up 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 3.39% over the week and 3.81% over the month.
Shake Shack Inc (SHAK) has around 12196 employees, a market worth around $5.60B and $1.21B in sales. Current P/E ratio is 727.30 and Fwd P/E is 115.86. Profit margin for the company is 0.68%. Distance from 52-week low is 143.91% and -2.16% from its 52-week high. The company has generated returns on investments over the last 12 months (0.68%).
The EPS is expected to grow by 118.84% this year
443.0 institutions hold shares in Shake Shack Inc (SHAK), with institutional investors hold 103.42% of the company’s shares. The shares outstanding are 39.47M, and float is at 37.99M with Short Float at 9.38%. Institutions hold 98.15% 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 Fogertey Katherine Irene, the company’s Chief Financial Officer. SEC filings show that Fogertey Katherine Irene sold 3,858 shares of the company’s common stock on Nov 05 ’24 at a price of $125.78 per share for a total of $0.49 million. Following the sale, the insider now owns 32001.0 shares.
Shake Shack Inc disclosed in a document filed with the SEC on Nov 01 ’24 that Meyer Daniel Harris (Director) sold a total of 30,000 shares of the company’s common stock. The trade occurred on Nov 01 ’24 and was made at $121.79 per share for $3.65 million. Following the transaction, the insider now directly holds 0.41 million shares of the SHAK stock.
Still, SEC filings show that on Oct 30 ’24, Meyer Daniel Harris (Director) disposed off 22,691 shares at an average price of $124.47 for $2.82 million. The insider now directly holds 437,646 shares of Shake Shack Inc (SHAK).
