SHAK Chart
About

Shake Shack Inc. owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. It offers burger, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. The company was founded in 2001 and is based in New York, New York.

Fundamentals
Scroll to Statements
Sector Consumer Cyclical Industry Restaurants Market Cap 3.76B
Enterprise Value 4.12B Income 45.73M Sales 1.45B
Book/sh 13.05 Cash/sh 8.95 Dividend Yield
Payout 0.00% Employees 13873 IPO
P/E 80.88 Forward P/E 51.06 PEG
P/S 2.60 P/B 6.76 P/C
EV/EBITDA 23.63 EV/Sales 2.85 Quick Ratio 1.68
Current Ratio 1.76 Debt/Eq 162.91 LT Debt/Eq
EPS (ttm) 1.09 EPS next Y 1.73 EPS Growth 28.70%
Revenue Growth 21.90% Earnings 2026-04-30 ROA 2.36%
ROE 9.49% ROIC Gross Margin 40.22%
Oper. Margin 5.13% Profit Margin 3.16% Shs Outstand 40.26M
Shs Float 38.45M Short Float 20.75% Short Ratio 3.87
Short Interest 52W High 144.65 52W Low 72.93
Beta 1.77 Avg Volume 1.52M Volume 1.05M
Target Price $112.54 Recom Buy Prev Close $87.10
Price $88.16 Change 1.22%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$112.54
Mean price target
2. Current target
$88.16
Latest analyst target
3. DCF / Fair value
$13.27
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$88.16
Low
$88.00
High
$140.00
Mean
$112.54

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-09 init Wolfe Research — → Outperform $118
2026-03-06 init DA Davidson — → Buy $125
2026-03-02 main Truist Securities Buy → Buy $148
2026-02-27 main Wells Fargo Equal-Weight → Equal-Weight $100
2026-02-27 main Baird Neutral → Neutral $108
2026-02-26 main TD Cowen Hold → Hold $105
2026-01-20 up Morgan Stanley Equal-Weight → Overweight $125
2026-01-07 main Barclays Overweight → Overweight $110
2026-01-06 up Deutsche Bank Hold → Buy $105
2025-12-18 up JP Morgan Underweight → Neutral $90
2025-12-17 main Wells Fargo Equal-Weight → Equal-Weight $90
2025-12-17 init Freedom Capital Markets — → Buy $120
2025-11-14 up Loop Capital Hold → Buy $127
2025-10-31 main Piper Sandler Neutral → Neutral $102
2025-10-31 main Stifel Hold → Hold $105
2025-10-31 main Baird Neutral → Neutral $104
2025-10-28 init Mizuho — → Neutral $95
2025-10-23 main UBS Neutral → Neutral $104
2025-10-22 main Barclays Overweight → Overweight $115
2025-10-16 main Wells Fargo Equal-Weight → Equal-Weight $100
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 225 21060 Sale at price 93.60 per share. SENTELL STEPHANIE ANN Chief Operating Officer 2026-03-06 00:00:00 D
1 1326 Stock Award(Grant) at price 0.00 per share. SHAKE SHACK INC. Officer 2026-02-27 00:00:00 D
2 6397 Stock Award(Grant) at price 0.00 per share. SENTELL STEPHANIE ANN Chief Operating Officer 2026-02-27 00:00:00 D
3 26685 Stock Award(Grant) at price 0.00 per share. LYNCH ROBERT Chief Executive Officer 2026-02-27 00:00:00 D
4 200 19838 Sale at price 99.19 per share. SENTELL STEPHANIE ANN Chief Operating Officer 2026-01-20 00:00:00 D
5 200 17156 Sale at price 85.78 per share. SENTELL STEPHANIE ANN Chief Operating Officer 2025-12-19 00:00:00 D
6 1100 93657 Sale at price 85.03 - 85.65 per share. SENTELL STEPHANIE ANN Chief Operating Officer 2025-11-25 00:00:00 D
7 2693 379625 Sale at price 140.03 - 142.03 per share. FOGERTEY KATHERINE IRENE Chief Financial Officer 2025-07-08 00:00:00 D
8 30000 4189127 Sale at price 137.78 - 140.36 per share. MEYER DANIEL HARRIS Director and Beneficial Owner of more than 10% of a Class of Security 2025-07-02 00:00:00 I
9 20000 2801344 Sale at price 140.07 per share. MEYER DANIEL HARRIS Director and Beneficial Owner of more than 10% of a Class of Security 2025-06-26 00:00:00 I
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-7.32M-11.50M-4.67M-856.27K
TaxRateForCalcs0.320.240.210.05
NormalizedEBITDA206.81M168.81M133.97M69.00M
TotalUnusualItems-23.25M-47.91M-22.24M-17.48M
TotalUnusualItemsExcludingGoodwill-23.25M-47.91M-22.24M-17.48M
NetIncomeFromContinuingOperationNetMinorityInterest45.73M10.21M20.26M-21.23M
ReconciledDepreciation108.79M104.61M93.04M74.30M
ReconciledCostOfRevenue755.22M676.55M607.50M517.44M
EBITDA183.56M120.89M111.74M51.53M
EBIT74.77M16.29M18.70M-22.77M
NetInterestIncome-2.16M-2.04M-1.72M-1.52M
InterestExpense2.16M2.04M1.72M1.52M
NormalizedIncome61.65M46.62M37.83M-4.61M
NetIncomeFromContinuingAndDiscontinuedOperation45.73M10.21M20.26M-21.23M
TotalExpenses1.36B1.20B1.06B909.90M
RentExpenseSupplemental106.63M93.07M79.85M68.51M
TotalOperatingIncomeAsReported62.51M3.04M5.92M-26.89M
DilutedAverageShares41.85M44.20M43.90M39.24M
BasicAverageShares40.21M39.83M39.42M39.24M
DilutedEPS1.090.240.47-0.61
BasicEPS1.140.260.50-0.61
DilutedNIAvailtoComStockholders45.73M10.82M20.99M-21.23M
AverageDilutionEarnings0.00613.00K726.00K0.00
NetIncomeCommonStockholders45.73M10.21M20.26M-21.23M
NetIncome45.73M10.21M20.26M-21.23M
MinorityInterests-3.98M-613.00K-726.00K1.88M
NetIncomeIncludingNoncontrollingInterests49.71M10.82M20.99M-23.11M
NetIncomeContinuousOperations49.71M10.82M20.99M-23.11M
TaxProvision22.90M3.42M-4.01M-1.18M
PretaxIncome72.61M14.24M16.98M-24.29M
OtherIncomeExpense-10.99M-34.66M-9.46M-13.35M
OtherNonOperatingIncomeExpenses12.26M13.25M12.78M4.13M
SpecialIncomeCharges-23.25M-47.91M-22.24M-17.48M
OtherSpecialCharges18.00M15.55M19.23M15.05M
ImpairmentOfCapitalAssets5.25M32.37M3.01M2.42M
NetNonOperatingInterestIncomeExpense-2.16M-2.04M-1.72M-1.52M
InterestExpenseNonOperating2.16M2.04M1.72M1.52M
OperatingIncome85.76M50.95M28.16M-9.42M
OperatingExpense602.14M522.97M450.08M390.96M
OtherOperatingExpenses212.68M178.38M149.45M129.65M
DepreciationAmortizationDepletionIncomeStatement106.60M102.47M91.24M72.80M
DepreciationAndAmortizationInIncomeStatement106.60M102.47M91.24M72.80M
SellingGeneralAndAdministration282.87M242.12M209.39M188.52M
GeneralAndAdministrativeExpense282.87M242.12M209.39M188.52M
OtherGandA176.23M149.05M129.54M120.01M
RentAndLandingFees106.63M93.07M79.85M68.51M
GrossProfit687.90M573.92M478.24M381.54M
CostOfRevenue757.41M678.69M609.29M518.94M
TotalRevenue1.45B1.25B1.09B900.49M
OperatingRevenue1.45B1.25B1.09B900.49M
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber40.25M40.07M39.47M39.28M
ShareIssued40.25M40.07M39.47M39.28M
NetDebt20.98M14.07M
TotalDebt902.13M809.62M771.33M720.51M
TangibleBookValue525.33M470.02M443.42M412.20M
InvestedCapital773.06M716.70M689.05M656.79M
WorkingCapital185.43M180.90M170.37M196.27M
NetTangibleAssets525.33M470.02M443.42M412.20M
CapitalLeaseObligations654.39M562.94M525.69M475.92M
CommonStockEquity525.33M470.02M443.42M412.20M
TotalCapitalization773.06M716.70M689.05M656.79M
TotalEquityGrossMinorityInterest553.75M493.63M469.37M436.84M
MinorityInterest28.42M23.61M25.95M24.63M
StockholdersEquity525.33M470.02M443.42M412.20M
GainsLossesNotAffectingRetainedEarnings-1.00K-1.00K-3.00K0.00
OtherEquityAdjustments-1.00K-1.00K-3.00K1.00K
RetainedEarnings72.71M26.98M16.78M-3.49M
AdditionalPaidInCapital452.58M442.99M426.60M415.65M
CapitalStock42.00K42.00K42.00K42.00K
CommonStock42.00K42.00K42.00K42.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest1.34B1.20B1.14B1.08B
TotalNonCurrentLiabilitiesNetMinorityInterest1.10B1.02B972.42M927.40M
OtherNonCurrentLiabilities1.31M2.16M760.00K2.44M
DuetoRelatedPartiesNonCurrent235.61M234.89M234.04M
TradeandOtherPayablesNonCurrent244.46M247.02M235.61M234.89M
NonCurrentDeferredLiabilities19.15M17.06M17.16M14.34M
NonCurrentDeferredRevenue19.15M17.06M17.16M14.34M
LongTermDebtAndCapitalLeaseObligation832.61M749.80M718.89M675.73M
LongTermCapitalLeaseObligation584.88M503.12M473.25M431.14M
LongTermDebt247.73M246.68M245.64M244.59M
CurrentLiabilities244.92M187.31M164.07M147.72M
OtherCurrentLiabilities8.03M5.87M4.99M3.07M
CurrentDeferredLiabilities3.71M2.58M2.60M2.29M
CurrentDeferredRevenue3.71M2.58M2.60M2.29M
CurrentDebtAndCapitalLeaseObligation69.51M59.83M52.44M44.78M
CurrentCapitalLeaseObligation69.51M59.83M52.44M44.78M
CurrentProvisions679.00K6.29M533.00K
PayablesAndAccruedExpenses163.66M119.03M104.04M91.29M
CurrentAccruedExpenses128.84M88.43M75.69M65.52M
Payables34.83M30.61M28.35M25.77M
TotalTaxPayable10.08M7.00M6.08M5.36M
AccountsPayable24.75M23.61M22.27M20.41M
TotalAssets1.90B1.70B1.61B1.51B
TotalNonCurrentAssets1.47B1.33B1.27B1.17B
OtherNonCurrentAssets10.37M10.96M15.93M15.82M
NonCurrentDeferredAssets322.38M341.59M326.21M317.63M
NonCurrentDeferredTaxesAssets322.38M341.59M326.21M317.63M
NetPPE1.13B976.21M929.29M834.52M
AccumulatedDepreciation-551.00M-457.19M-376.76M-290.36M
GrossPPE1.68B1.43B1.31B1.12B
Leases757.03M676.10M594.02M494.21M
ConstructionInProgress81.38M40.03M56.53M71.10M
OtherProperties669.53M560.80M522.20M461.38M
MachineryFurnitureEquipment176.17M156.46M133.29M98.19M
Properties0.000.000.000.00
CurrentAssets430.35M368.22M334.43M343.99M
OtherCurrentAssets994.00K844.00K1.19M763.00K
PrepaidAssets11.16M8.20M5.64M3.81M
Inventory7.18M6.01M5.40M4.18M
Receivables50.89M32.45M28.98M24.00M
OtherReceivables31.05M16.63M14.97M11.78M
AccountsReceivable19.84M15.82M14.01M12.22M
AllowanceForDoubtfulAccountsReceivable0.00
GrossAccountsReceivable19.84M15.82M14.01M12.22M
CashCashEquivalentsAndShortTermInvestments360.12M320.71M293.21M311.23M
OtherShortTermInvestments0.0068.56M80.71M80.00M
CashAndCashEquivalents360.12M320.71M224.65M230.52M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow56.51M35.66M-14.03M-65.82M
RepaymentOfDebt-5.51M-3.96M-3.27M-2.97M
IssuanceOfDebt0.000.00243.75M
IssuanceOfCapitalStock0.000.00
CapitalExpenditure-165.85M-135.50M-146.17M-142.56M
InterestPaidSupplementalData820.00K882.00K537.00K252.00K
IncomeTaxPaidSupplementalData4.26M6.53M4.06M3.73M
EndCashPosition360.12M320.71M224.65M230.52M
BeginningCashPosition320.71M224.65M230.52M302.41M
EffectOfExchangeRateChanges0.002.00K-3.00K-1.00K
ChangesInCash39.41M96.06M-5.87M-71.88M
FinancingCashFlow-17.10M-9.02M-5.68M-5.20M
CashFlowFromContinuingFinancingActivities-17.10M-9.02M-5.68M-5.20M
NetOtherFinancingCharges-11.71M-6.68M-3.16M-2.65M
ProceedsFromStockOptionExercised123.00K1.63M744.00K424.00K
NetCommonStockIssuance0.000.00
CommonStockIssuance0.000.00
NetIssuancePaymentsOfDebt-5.51M-3.96M-3.27M-2.97M
NetShortTermDebtIssuance0.000.00
ShortTermDebtPayments0.000.00
ShortTermDebtIssuance0.000.00
NetLongTermDebtIssuance-5.51M-3.96M-3.27M-2.97M
LongTermDebtPayments-5.51M-3.96M-3.27M-2.97M
LongTermDebtIssuance0.000.00243.75M
InvestingCashFlow-165.85M-66.08M-132.32M-143.42M
CashFlowFromContinuingInvestingActivities-165.85M-66.08M-132.32M-143.42M
NetInvestmentPurchaseAndSale0.0069.42M13.85M-865.00K
SaleOfInvestment0.0069.42M108.56M0.00
PurchaseOfInvestment0.000.00-94.71M-865.00K
NetPPEPurchaseAndSale-165.85M-135.50M-146.17M-142.56M
PurchaseOfPPE-165.85M-135.50M-146.17M-142.56M
OperatingCashFlow222.35M171.16M132.14M76.74M
CashFlowFromContinuingOperatingActivities222.35M171.16M132.14M76.74M
ChangeInWorkingCapital-67.45M-69.44M-57.95M-45.41M
ChangeInOtherCurrentLiabilities-76.09M-74.94M-58.73M-53.58M
ChangeInOtherCurrentAssets-5.96M-2.90M-6.31M-8.06M
ChangeInPayablesAndAccruedExpense28.43M14.48M13.53M9.90M
ChangeInAccruedExpense29.96M11.12M12.84M6.36M
ChangeInPayable-1.53M3.36M687.00K3.54M
ChangeInAccountPayable-1.53M3.36M687.00K3.54M
ChangeInPrepaidAssets-3.12M-2.63M-2.25M-2.47M
ChangeInInventory-1.17M-610.00K-1.22M-334.00K
ChangeInReceivables-9.55M-2.84M-2.97M9.14M
ChangesInAccountReceivables-9.55M-2.84M-2.97M9.14M
OtherNonCashItems89.94M78.38M68.94M60.07M
StockBasedCompensation19.50M15.91M14.89M13.33M
UnrealizedGainLossOnInvestmentSecurities0.000.00158.00K277.00K
AssetImpairmentCharge5.25M32.37M3.01M2.42M
AmortizationOfSecurities0.00-440.00K-1.62M0.00
DeferredTax16.62M-1.05M-9.07M-5.01M
DeferredIncomeTax16.62M-1.05M-9.07M-5.01M
DepreciationAmortizationDepletion108.79M104.61M93.04M74.30M
DepreciationAndAmortization108.79M104.61M93.04M74.30M
AmortizationCashFlow2.19M2.14M1.80M1.50M
AmortizationOfIntangibles2.19M2.14M1.80M1.50M
Depreciation106.60M102.47M91.24M72.80M
OperatingGainsLosses-81.00K5.00K
GainLossOnInvestmentSecurities-81.00K5.00K
NetIncomeFromContinuingOperations49.71M10.82M20.99M-23.11M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for SHAK
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status