Fintel reports that on January 7, 2025, Barclays upgraded their outlook for Shake Shack (NYSE:SHAK) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 3.79% Upside
As of December 23, 2024, the average one-year price target for Shake Shack is $137.07/share. The forecasts range from a low of $114.13 to a high of $168.00. The average price target represents an increase of 3.79% from its latest reported closing price of $132.06 / share.
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The projected annual revenue for Shake Shack is 1,469MM, an increase of 21.39%. The projected annual non-GAAP EPS is 0.19.
What is the Fund Sentiment?
There are 639 funds or institutions reporting positions in Shake Shack. This is an decrease of 11 owner(s) or 1.69% in the last quarter. Average portfolio weight of all funds dedicated to SHAK is 0.22%, an increase of 3.48%. Total shares owned by institutions increased in the last three months by 9.73% to 46,107K shares. 
The put/call ratio of SHAK is 1.40, indicating a bearish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 2,541K shares representing 6.35% ownership of the company. In its prior filing, the firm reported owning 2,435K shares , representing an increase of 4.16%. The firm increased its portfolio allocation in SHAK by 7.38% over the last quarter.
12 West Capital Management holds 1,793K shares representing 4.48% ownership of the company. No change in the last quarter.
Gilder Gagnon Howe & Co holds 1,497K shares representing 3.74% ownership of the company. In its prior filing, the firm reported owning 1,567K shares , representing a decrease of 4.67%. The firm increased its portfolio allocation in SHAK by 4.62% over the last quarter.
Wellington Management Group Llp holds 1,221K shares representing 3.05% ownership of the company. In its prior filing, the firm reported owning 1,282K shares , representing a decrease of 4.97%. The firm decreased its portfolio allocation in SHAK by 84.97% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,187K shares representing 2.97% ownership of the company. In its prior filing, the firm reported owning 1,185K shares , representing an increase of 0.16%. The firm increased its portfolio allocation in SHAK by 7.88% over the last quarter.
Shake Shack Background Information
(This description is provided by the company.)
Shake Shack is a modern day 'roadside' burger stand serving a classic American menu of premium burgers, chicken sandwiches, hot dogs, crinkle cut fries, shakes, frozen custard, beer and wine. With its fresh, simple, high-quality food at a great value, Shake Shack is a fun and lively community gathering place with widespread appeal. Shake Shack's mission is to Stand for Something Good®, from its premium ingredients and caring hiring practices to its inspiring designs and deep community investment. Since the original Shack opened in 2004 in NYC's Madison Square Park, the Company has expanded to approximately 310 locations in 30 U.S. States and the District of Columbia, including more than 105 international locations including London, Hong Kong, Shanghai, Singapore, Philippines, Mexico, Istanbul, Dubai, Tokyo, Seoul and more.
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