Should You Sell Shake Shack Inc (SHAK) And Go Away This Year?

Shake Shack Inc (NYSE:SHAK) currently has a daily average trading volume of 970.60K but it saw 1031455 shares traded in last market. With a market cap of 4.34B USD, the company’s current market price of $108.55 came falling about -0.16 while comparing to the previous closing price of $108.72. In past 52 weeks, the stock remained buoying in the range of price level as high as $113.50 and as low as $53.63. In the recent trading on the day, stock has struck highest price mark of $106.39 while lowest mark touched by it was $113.1299.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Piper Sandler which downgraded the stock as “Neutral” in its note to investors issued on August 19, 2024, recommending a price target of between $121 and $114 for it. Goldman issued its recommendations for the stock as it initiated the price target for the stock is $110.

Over the week, SHAK’s stock price is moving -0.81% down while it is 4.22% when we observe its performance for the past one month. Year-to-date it is 46.45% up and over the past year, the stock is showing an upside performance of 95.27%.

Currently, Shake Shack Inc’s total number of outstanding shares is 39.47M. Company’s return on investment (ROI) stands at 2.17% and return on equity (ROE) at 6.01%. It has a price to earnings ratio (P/E ratio) of 174.66 while having a 105.17 of forward P/E ratio. Stock’s beta reads 1.84. Stock has a price to book (P/B) ratio of 9.38 while price to sale or P/S ratio amounts to 3.71. Its return on asset (ROA) is 1.63% on average.