SHAK Stock Summary and Trading Ideas (Shake Shack Class A | NYSE:SHAK)

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.

Shake Shack Class A trades on the NYSE stock market under the symbol SHAK.

As of April 18, 2024, SHAK stock price climbed to $95.23 with 431,449 million shares trading.

SHAK has a beta of 1.25, meaning it tends to be more sensitive to market movements. SHAK has a correlation of 0.10 to the broad based SPY ETF.

SHAK has a market cap of $3.75 billion. This is considered a Mid Cap stock.

Last quarter Shake Shack Class A reported $286 million in Revenue and $.02 earnings per share. This beat revenue expectation by $6 million and exceeded earnings estimates by $.01.

In the last 3 years, SHAK stock traded as high as $116.32 and as low as $37.72.

The top ETF exchange traded funds that SHAK belongs to (by Net Assets): IJR, VTI, VB, IWM, VXF.

SHAK has outperformed the market in the last year with a return of +73.5%, while the SPY ETF gained +22.2%. In the last 3 month period, SHAK beat the market returning +39.4%, while SPY returned +5.2%. However, in the most recent 2 weeks SHAK has underperformed the stock market by returning -5.1%, while SPY returned -2.6%.

SHAK support price is $92.29 and resistance is $97.53 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SHAK stock will trade within this expected range on the day.