Shake ShackSHAK
Market Cap: $3.73B
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 Q2 SEC filings by fund managers ($100M+ AUM)
12% more repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 111
3.24% more ownership
Funds ownership: 92.55% [Q1] → 95.79% (+3.24%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]
2% less funds holding
Funds holding: 345 [Q1] → 339 (-6) [Q2]
10% less capital invested
Capital invested by funds: $3.8B [Q1] → $3.42B (-$383M) [Q2]
12% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 49
38% less call options, than puts
Call options by funds: $82.9M | Put options by funds: $133M
Research analyst outlook
19 Wall Street Analysts provided 1 year price targets over the past 3 months
19 analyst ratings
Truist Securities Jake Bartlett 45% 1-year accuracy 30 / 67 met price target | 36%upside $127 | Buy Maintained | 28 Aug 2024 |
Deutsche Bank Lauren Silberman 67% 1-year accuracy 12 / 18 met price target | 23%upside $115 | Hold Maintained | 28 Aug 2024 |
B of A Securities Sara Senatore 54% 1-year accuracy 13 / 24 met price target | 24%upside $116 | Neutral Maintained | 19 Aug 2024 |
Piper Sandler Brian Mullan 62% 1-year accuracy 8 / 13 met price target | 22%upside $114 | Neutral Downgraded | 19 Aug 2024 |
Deutsche Bank Lauren Silberman 67% 1-year accuracy 12 / 18 met price target | 23%upside $115 | Hold Maintained | 2 Aug 2024 |
Financial journalist opinion
Based on 17 articles about SHAK published over the past 30 days