Shake Shack Inc (NYSE: SHAK) is 85.70% higher on its value in year-to-date trading and has touched a low of $60.84 and a high of $135.76 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 $133.43 in the last trading session, with the day’s gains setting it 4.21%.
Currently trading at $137.64, the stock is 7.41% and 16.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing 3.16% at the moment leaves the stock 33.60% off its SMA200. SHAK registered 123.70% gain for a year compared to 6-month gain of 47.37%. The firm has a 50-day simple moving average (SMA 50) of $117.6344 and a 200-day simple moving average (SMA200) of $102.81125.
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The stock witnessed a 8.55% loss in the last 1 month and extending the period to 3 months gives it a 47.45%, and is 4.00% 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 2.48% over the week and 3.18% over the month.
Shake Shack Inc (SHAK) has around 12196 employees, a market worth around $5.85B and $1.21B in sales. Current P/E ratio is 759.18 and Fwd P/E is 120.94. Profit margin for the company is 0.68%. Distance from 52-week low is 126.23% and 1.38% 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 118.83% this year
447.0 institutions hold shares in Shake Shack Inc (SHAK), with institutional investors hold 104.65% of the company’s shares. The shares outstanding are 40.03M, and float is at 38.06M with Short Float at 10.10%. Institutions hold 99.34% 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 642 shares of the company’s common stock on Nov 06 ’24 at a price of $133.24 per share for a total of $85541.0. Following the sale, the insider now owns 31359.0 shares.
Shake Shack Inc disclosed in a document filed with the SEC on Nov 06 ’24 that Meyer Daniel Harris (Director) sold a total of 27,209 shares of the company’s common stock. The trade occurred on Nov 06 ’24 and was made at $131.53 per share for $3.58 million. Following the transaction, the insider now directly holds 0.38 million shares of the SHAK stock.
Still, SEC filings show that on Nov 05 ’24, Fogertey Katherine Irene (Chief Financial Officer) disposed off 3,858 shares at an average price of $125.78 for $0.49 million. The insider now directly holds 32,001 shares of Shake Shack Inc (SHAK).
