Shake Shack (SHAK)

• Market cap: $4.86B
• 1 day: -2.05%
• 5 days: -9.64%
• 1 month: 10.13%
• 3 months: 11.00%
• 6 months: 18.19%
• Year to date: 65.78%
• 1 year: 100.98%
• 5 years: 93.95%
• 10 years: 164.77%
• Sector: Consumer Discretionary
• Industry: Eating & Drinking Places

About: Shake Shack Inc is a roadside burger stand. It is serving a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, crinkle-cut fries, shakes, beer, wine and more. The company's burgers are made with a whole-muscle blend of all-natural, hormone and antibiotic-free Angus beef, ground fresh daily, cooked to order and served on a non-genetically modified organism (GMO) potato bun. Its menu focuses on food and beverages, crafted from a range of classic American foods. The company serves draft Root Beer, seasonal freshly-squeezed lemonade, organic fresh brewed iced tea, cold brew coffee, organic apple juice, and Shack20 bottled water.

Employees: 12,196

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

14% more capital invested

Capital invested by funds: $3.48B [Q2] → $3.97B (+$490M) [Q3]

11% more repeat investments, than reductions

Existing positions increased: 120 | Existing positions reduced: 108

0.65% less ownership

Funds ownership: 97.62% [Q2] → 96.96% (-0.65%) [Q3]

2% less funds holding

Funds holding: 340 [Q2] → 334 (-6) [Q3]

11% less first-time investments, than exits

New positions opened: 47 | Existing positions closed: 53

25% less funds holding in top 10

Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]

32% less call options, than puts

Call options by funds: $94.1M | Put options by funds: $138M

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $102 16% downside
• Avg. target: $122 0% upside
• High target: $144 18% upside

10 analyst ratings

• positive: 4 40%
• neutral: 5 50%
• negative: 1 10%

Truist Securities Jake Bartlett 67% 1-year accuracy 45 / 67 met price target	18% upside $144	Buy Maintained	1 Nov 2024
Barclays Jeffrey Bernstein 46% 1-year accuracy 25 / 54 met price target	3% upside $125	Equal-Weight Maintained	31 Oct 2024
Oppenheimer Brian Bittner 54% 1-year accuracy 20 / 37 met price target	11% upside $135	Outperform Maintained	28 Oct 2024
Barclays Jeffrey Bernstein 46% 1-year accuracy 25 / 54 met price target	5% downside $115	Equal-Weight Maintained	22 Oct 2024
JP Morgan John Ivankoe 63% 1-year accuracy 20 / 32 met price target	16% downside $102	Underweight Assumed	24 Sept 2024