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Shake Shack (SHAK) stock forecast for 2024

Last update: 06-24-2022, 6:58

Sector: Consumer cyclical

The share price of Shake Shack Inc. (SHAK) now

What analysts predict:: $66.56

52-week high/low: $109.88 / $37.72

50/200 Day Moving Average: $50.46 / $67.74

This figure corresponds to the average price over the previous 50/200 days. For Shake Shack stocks, the 50-day moving average is the resistance level today.

For Shake Shack stocks, the 200-day moving average is the resistance level today.

Are you interested in Shake Shack stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Shake Shack stock price in 2024. How much will one Shake Shack share be worth in 2024?

Is it worth taking profit / loss on Shake Shack stock now or waiting? What are analysts' forecasts for Shake Shack stock?

We forecast Shake Shack stock performance using neural networks based on historical data on Shake Shack stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.

The Shake Shack stock prediction results are shown below and presented as a graph, table and text information.

Shake Shack stock forecasts are adjusted once a day based on the closing price of the previous trading day.

The minimum target price for Shake Shack analysts is $66.56.

Today 200 Day Moving Average is the resistance level (67.74 $).

50 Day Moving Average is the resistance level (50.46 $).

Historical and forecast chart of Shake Shack stock

The chart below shows the historical price of Shake Shack stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Shake Shack stock price can be found in the table below.

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Shake Shack (SHAK) Forecast for 2024

Month	Target	Pes.	Opt.	Vol., %
Jan	58.49	56.28	61.17	8.00 %
Feb	51.85	50.45	55.07	8.39 %
Mar	52.06	47.14	56.00	15.81 %
Apr	52.49	50.22	55.96	10.26 %
May	47.53	43.36	52.27	17.06 %
Jun	46.82	41.95	48.59	13.66 %
Jul	44.48	40.16	48.26	16.80 %
Aug	45.80	41.29	48.83	15.45 %
Sep	46.42	44.85	49.24	8.91 %
Oct	47.92	45.14	49.41	8.64 %
Nov	43.07	39.12	44.99	13.05 %
Dec	45.34	40.57	47.97	15.44 %

Shake Shack information and performance

Shake Shack Inc. owns, operates and licenses Shake Shack (Shacks) restaurants in the United States and internationally. Its shacks offer hamburgers, hot dogs, chicken, french fries, smoothies, frozen custard, beer, wine, and more. As of December 30, 2020, it operated 311 shacks, including 183 locally operated shacks, 22 licensed shacks, and 106 international licensed shacks. Shake Shack Inc. was founded in 2001 and headquartered in New York, NY.

Shake Shack Address

225 VARICK STREET, SUITE 301, NEW YORK, NY, US

Market Capitalization: 1 669 417 000 $

Market capitalization is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of shares in the company outstanding by the market price of one share.

EBITDA: 48 598 000 $

EBITDA is earnings before interest, income tax and depreciation of assets.

PE Ratio: None

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: 2.55

Price/earnings to growth

DPS: N/A

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: N/A

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: -0.514

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: 0.824

Quarterly Revenue Growth YOY: 0.31

Trailing PE: -

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: 416.67

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 2.372

Enterprise Value (EV) /Revenue

EV To EBITDA: 44.09

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 39223800

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A

Percent Insiders: N/A

Percent Institutions: N/A

Shake Shack price target for 2021 by month

Target values for the price of one Shake Shack share for Jan 2024.

The weighted average target price per Shake Shack share in Jan 2024 is: 58.49. In Jan, the negative dynamics for Momo shares will prevail with possible monthly volatility of 8.003% volatility is expected.

Pessimistic target level: 56.28

Optimistic target level: 61.17

Target values for the price of one Shake Shack share for Feb 2024.

The weighted average target price per Shake Shack share in Feb 2024 is: 51.85. In Feb, the negative dynamics for Momo shares will prevail with possible monthly volatility of 8.389% volatility is expected.

Pessimistic target level: 50.45

Optimistic target level: 55.07

Target values for the price of one Shake Shack share for Mar 2024.

The weighted average target price per Shake Shack share in Mar 2024 is: 52.06. In Mar, the positive dynamics for Momo shares will prevail with possible monthly volatility of 15.814% volatility is expected.

Pessimistic target level: 47.14

Optimistic target level: 56.00

Target values for the price of one Shake Shack share for Apr 2024.

The weighted average target price per Shake Shack share in Apr 2024 is: 52.49. In Apr, the positive dynamics for Momo shares will prevail with possible monthly volatility of 10.257% volatility is expected.

Pessimistic target level: 50.22

Optimistic target level: 55.96

Target values for the price of one Shake Shack share for May 2024.

The weighted average target price per Shake Shack share in May 2024 is: 47.53. In May, the negative dynamics for Momo shares will prevail with possible monthly volatility of 17.061% volatility is expected.

Pessimistic target level: 43.36

Optimistic target level: 52.27

Target values for the price of one Shake Shack share for Jun 2024.

The weighted average target price per Shake Shack share in Jun 2024 is: 46.82. In Jun, the negative dynamics for Momo shares will prevail with possible monthly volatility of 13.659% volatility is expected.

Pessimistic target level: 41.95

Optimistic target level: 48.59

Target values for the price of one Shake Shack share for Jul 2024.

The weighted average target price per Shake Shack share in Jul 2024 is: 44.48. In Jul, the negative dynamics for Momo shares will prevail with possible monthly volatility of 16.796% volatility is expected.

Pessimistic target level: 40.16

Optimistic target level: 48.26

Target values for the price of one Shake Shack share for Aug 2024.

The weighted average target price per Shake Shack share in Aug 2024 is: 45.80. In Aug, the positive dynamics for Momo shares will prevail with possible monthly volatility of 15.448% volatility is expected.

Pessimistic target level: 41.29

Optimistic target level: 48.83

Target values for the price of one Shake Shack share for Sep 2024.

The weighted average target price per Shake Shack share in Sep 2024 is: 46.42. In Sep, the positive dynamics for Momo shares will prevail with possible monthly volatility of 8.909% volatility is expected.

Pessimistic target level: 44.85

Optimistic target level: 49.24

Target values for the price of one Shake Shack share for Oct 2024.

The weighted average target price per Shake Shack share in Oct 2024 is: 47.92. In Oct, the positive dynamics for Momo shares will prevail with possible monthly volatility of 8.642% volatility is expected.

Pessimistic target level: 45.14

Optimistic target level: 49.41

Target values for the price of one Shake Shack share for Nov 2024.

The weighted average target price per Shake Shack share in Nov 2024 is: 43.07. In Nov, the negative dynamics for Momo shares will prevail with possible monthly volatility of 13.053% volatility is expected.

Pessimistic target level: 39.12

Optimistic target level: 44.99

Target values for the price of one Shake Shack share for Dec 2024.

The weighted average target price per Shake Shack share in Dec 2024 is: 45.34. In Dec, the positive dynamics for Momo shares will prevail with possible monthly volatility of 15.439% volatility is expected.

Pessimistic target level: 40.57

Optimistic target level: 47.97

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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.