An in-depth look at the leading ice cream stocks in the U.S stock market this year. The fast-casual restaurant stock was lifted by results in the first quarter that were better than expected. The scores are based on the trading styles of Value, Growth, and Momentum.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023. The technique has proven to be very useful for finding positive surprises. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.
New Signs That Shake Shack Has Lost Its Buzz
The company provided earnings per share guidance of for the period. The company issued revenue guidance of $273.50 million-$278.00 million, compared to the consensus revenue estimate of $276.95 million. SHAK, -2.76% shed 4.7% toward a seven-week low in premarket trading Thursday, after the burger chain beat second-quarter profit expectations but missed on sales and lowered … © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
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Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. Shake Shack stock surged as activist investor Engaged Capital seeks a bigger role in company operations to potentially spark price and earnings growth. According to 13 analysts, the average rating for SHAK stock is “Buy.” The 12-month stock price forecast is $74.67, which is an increase of 20.30% from the latest price.
Shares of upscale burger chain Shake Shack have wiped out last year’s losses, while 23andMe stock set a record low. Shake Shack says it expects to have self-service ordering kiosks in all of its restaurants by the end of Q3. The chain said the kiosks, currently in nearly 250 restaurants, are the chain’s most profit…
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This suggests a possible upside of 17.5% from the stock’s current price. View analysts price targets for SHAK or view top-rated stocks among Wall Street analysts. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023.
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- The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals.
- Yahoo Finance’s Brooke DiPalma joins the Live show to discuss first-quarter earnings for Shake Shack as well as the restaurant chain’s plans to aim for the luxury consumer.
- MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
This puts Randy Garutti in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. Shares of the fast-casual chain gained on news of an activist investor. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.
Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. It is serving a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, crinkle-cut fries, shakes, beer, wine and more.
Earnings and Valuation
Yahoo Finance’s Brooke DiPalma joins the Live show to discuss first-quarter earnings for Shake Shack as well as the restaurant chain’s plans to aim for the luxury consumer. Yahoo Finance Live discusses a report of a potential proxy battle at Shake Shack as Activist investor Engaged Capital seeks three board seats at the popular chain. Engaged Capital initially sought three board seats at the burger chain. One of the main questions that investors ask themselves when coming up with investment ideas is whether their bull case is already priced into the stock. (SHAK) raised $75 million in an initial public offering on Friday, January 30th 2015. Morgan and Morgan Stanley acted as the underwriters for the IPO and Barclays, Goldman Sachs, Jefferies, William Blair and Stifel were co-managers.
Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Shake Shack Inc. owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally.
The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Engaged Capital seeks three seats on burger chain’s board and has 6.6% stake.
- Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.
- Shake Shack says it expects to have self-service ordering kiosks in all of its restaurants by the end of Q3.
- According to 12 stock analysts, the average 12-month stock price forecast for Shake Shack stock is $74.67, which predicts an increase of 20.30%.
- The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.
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. One share of SHAK stock can currently be purchased for approximately $62.06. Sign-up to receive the latest news and ratings for Shake Shack and its competitors with MarketBeat’s FREE daily newsletter. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
Latest SHAK News Press Releases
Since then, SHAK shares have increased by 49.4% and is now trading at $62.06. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.
There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Hedge fund candlesticker Engaged Capital will push to name three board members, The Wall Street Journal reports. We’d like to share more about how we work and what drives our day-to-day business.
Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. https://1investing.in/ A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.