|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's range||68.45 - 69.66|
|52-week range||30.12 - 69.96|
|PE ratio (TTM)||1,967.14|
|Earnings date||1 Aug 2018 - 6 Aug 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||49.80|
The restaurant space has been on a tear in recent months, with names like Chipotle, Darden Restaurants and Cheesecake Factory soaring double digits. Some market watchers are cautious on the space, given how far the names have come.
Union Square Hospitality Group faced criticism after testing cashless operations at select restaurants.
As of June 14, Shake Shack (SHAK) was trading at $65.12. On the same day, analysts expected the company’s stock price to reach $49.8 in next 12 months, which represents a fall of 23.5% from its current stock price. Strong first-quarter earnings and higher 2018 guidance by Shake Shack’s management prompted analysts to raise their target price.
For the next four quarters, analysts expect Shake Shack (SHAK) to post an EPS of $0.52—a fall of 16.1% from $0.62 in the same four quarters the previous year.
It’s getting so a person can’t run a restaurant without being asked about breakfast. McDonald’s (MCD) got so many demands for all-day breakfast that the company finally relented and starting making McMuffins ...
For the next four quarters, analysts expect Shake Shack (SHAK) to post revenues of $484.36 million—27.1% growth from $381.19 million in the same four quarters the previous year. For 2018, Shake Shack’s management has set the revenue guidance at $446 million–$450 million with SSSG (same-store sales growth) of 0%–1%. To drive its SSSG, Shake Shack is focusing on innovating the menu, training employee, implementing technological advancement, and growing loyal customers.
Shake Shack (SHAK) hit a new 52-week high of $65.96 on June 14 and closed the day at $65.12—a rise of 37.4% since the announcement of its first-quarter earnings on May 3.
The breakouts by Starbucks in October 2010 and Shake Shack this April year illustrate how an investor can use the pyramiding technique to build profitable positions in growth stocks while reducing downside risk.
Over the years, New York City restaurateur Danny Meyer has showcased all manner of cuisines, from contemporary American to rustic Italian. This latest foray brings to mind another of Mr. Meyer’s efforts: Shake Shack, the fast-casual burger spot that Mr. Meyer launched in Madison Square Park in 2004. Shake Shack has since grown into a global chain, with annual revenue that tops $350 million.
NEW YORK (AP) — The New York City-based chain restaurant Shake Shack will open a new location in the only city borough that still doesn't have one: Staten Island.
Chipotle operates more than 2,000 restaurants. Several leading advisors are bullish on restaurant stocks, seeing strong growth prospects in the restaurant space. Meanwhile, Chipotle reported first-quarter results on April 26.
Shake Shack, which joined IBD SwingTrader on Wednesday as a swing trade candidate, is among a decent group of consumer-related stocks helping to drive a rally in stocks today.
How Much Upside Is Left in Shake Shack’s Stock Price? Of the 11 analysts who follow Shake Shack, 27.3% are favoring a “buy,” 45.5% are favoring a “hold,” and 27.3% are favoring a “sell” recommendation. On May 23, Longbow Research downgraded the stock from “buy” to “neutral.” Alton Stump of Longbow stated that the recent surge in Shake Shack’s stock price raised its valuation multiple.
How Much Upside Is Left in Shake Shack’s Stock Price? Analysts expect Shake Shack (SHAK) to post adjusted EPS of $0.56, which represents a fall of 9.7% from $0.62 in the corresponding four quarters of the previous year. The fall in the EBIT margin is expected to offset the positive effects of revenue growth and a lower tax rate to post a decline in EPS in the next four quarters.
How Much Upside Is Left in Shake Shack’s Stock Price? For the next four quarters, analysts expect Shake Shack (SHAK) to post revenue of $484.4 million, which represents growth of 27.1% from $381.2 million in the corresponding four quarters of the previous year. After posting strong first-quarter earnings, Shake Shack’s management raised its revenue guidance to the range of $446 million–$450 million from the earlier estimate of $444 million–$448 million.
By the end of May 25, Shake Shack (SHAK) was trading at $58.35, which represents a rise of 23.1% since the announcement of its first-quarter earnings on May 3. The company posted adjusted EPS of $0.15 on revenues of $99.1 million. Analysts had expected the company to post EPS of $0.08 on revenues of $96.7 million. The company has also outperformed analysts’ SSSG (same-store sales growth) estimates during the quarter. After posting strong first-quarter earnings, the company’s management raised its revenue and SSSG guidance for 2018. ...
Looking to enhance your portfolio with high-growth, financially-robust stocks, but not sure where you should even begin? Stocks such as Malibu Boats and Shake Shack are deemed to be superiorRead More...
McDonald's, Chipotle and other top restaurant chains are expanding into home delivery services as e-commerce reduces their traffic. But revenue-sharing with the likes of Uber Eats and Grubhub, as well as execution issues, make this shift a dicey proposition.
“We recommend investors remain opportunistic in the event of a short-term pullback, especially if the shares of Shake Shack (SHAK) decline into a high $40s/low $50s range,” they wrote. Several investors have lately sold Shake Shack.
Bottoming bases occur in some new market winners at the end of a severe correction. Here are some tips on how to identify the constructive action.