Shake Shack Inc. (NYSE:SHAK) has a beta value of 1.67 and has seen 0.93 million shares traded in the recent trading session. The company, currently valued at $3.29B, closed the recent trade at $74.26 per share which meant it lost -$2.53 on the day or -3.29% during that session. The SHAK stock price is -86.35% off its 52-week high price of $138.38 and 13.79% above the 52-week low of $64.02. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.61 million shares traded. The 3-month trading volume is 621.71K shares.
The consensus among analysts is that Shake Shack Inc. (SHAK) is a Hold stock at the moment, with a recommendation rating of 2.70. 2 analysts rate the stock as a Sell, while 1 rate it as Overweight. 13 out of 21 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.05.
Shake Shack Inc. (NYSE:SHAK) trade information
Sporting -3.29% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 10/19/21 when the SHAK stock price touched $74.26 or saw a rise of 4.76%. Year-to-date, Shake Shack Inc. shares have moved -9.42%, while the 5-day performance has seen it change 2.02%. Over the past 30 days, the shares of Shake Shack Inc. (NYSE:SHAK) have changed -6.46%. Short interest in the company has seen 3.47 million shares shorted with days to cover at 5.73.
Wall Street analysts have a consensus price target for the stock at $96.00, which means that the shares’ value could jump 22.65% from the levels at last check today. The projected low price target is $80.00 while the price target rests at a high of $118.00. In that case, then, we find that the latest price level in today’s session is -58.9% off the targeted high while a plunge would see the stock gain -7.73% from the levels at last check today.
Shake Shack Inc. (SHAK) estimates and forecasts
Figures show that Shake Shack Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -29.56% over the past 6 months, with this year growth rate of 87.50%, compared to 32.20% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 54.50% and -233.30% for the next quarter. Revenue growth from the last financial year stood is estimated to be 41.90%.
18 analysts offering their estimates for the company have set an average revenue estimate of $197.46 million for the current quarter. 18 have an estimated revenue figure of $202.14 million for the next quarter concluding in Dec 2021. Year-ago sales stood $130.4 million and $157.51 million respectively for this quarter and the next, and analysts expect sales will grow by 51.40% for the current quarter and 28.30% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -11.90% over the past 5 years. Earnings growth for 2021 is a modest -284.70% while over the next 5 years, the company’s earnings are expected to decrease by -11.50%.
Shake Shack Inc. is expected to release its next earnings report between October 27 and November 01 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Shake Shack Inc. (NYSE:SHAK)’s Major holders
Insiders own 5.06% of the company shares, while shares held by institutions stand at 92.33% with a share float percentage of 97.25%. Investors are also buoyed by the number of investors in a company, with Shake Shack Inc. having a total of 362 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 6.99 million shares worth more than $747.8 million. As of Jun 29, 2021, Blackrock Inc. held 17.85% of shares outstanding.
The other major institutional holder is Fred Alger Management, LLC, with the holding of over 4.55 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $486.89 million and represent 11.62% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Alger Small Cap Focus Fund. As of Sep 29, 2021, the former fund manager holds about 6.66% shares in the company for having 2.61 million shares of worth $204.41 million while later fund manager owns 2.26 million shares of worth $227.22 million as of Jul 30, 2021, which makes it owner of about 5.77% of company’s outstanding stock.