Shake Shack (SHAK)

• Market cap: $4.62B
• 1 day: -1.27%
• 5 days: -12.40%
• 1 month: -10.67%
• 3 months: 6.47%
• 6 months: 33.72%
• Year to date: -13.40%
• 1 year: 74.63%
• 5 years: 65.08%
• 10 years: 151.44%
• 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: $3.49B [Q2] → $3.99B (+$495M) [Q3]

11% more repeat investments, than reductions

Existing positions increased: 120 | Existing positions reduced: 108

9% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 45

1% less funds holding

Funds holding: 341 [Q2] → 339 (-2) [Q3]

0.59% less ownership

Funds ownership: 97.95% [Q2] → 97.37% (-0.59%) [Q3]

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

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

• Low target: $110 5% downside
• Avg. target: $142 23% upside
• High target: $159 38% upside

7 analyst ratings

• positive: 4 57%
• neutral: 3 43%
• negative: 0 0%

Stifel Chris O'Cull 62% 1-year accuracy 21 / 34 met price target	5% downside $110	Hold Maintained	17 Jan 2025
Wedbush Nick Setyan 53% 1-year accuracy 50 / 95 met price target	13% upside $130	Neutral Reiterated	15 Jan 2025
Truist Securities Jake Bartlett 46% 1-year accuracy 32 / 70 met price target	24% upside $143	Buy Maintained	14 Jan 2025
Gordon Haskett Jeff Farmer 0% 1-year accuracy 0 / 1 met price target	33% upside $154	Buy Upgraded	8 Jan 2025
UBS Dennis Geiger 40% 1-year accuracy 8 / 20 met price target	21% upside $140	Neutral Maintained	7 Jan 2025