SHAK Chart
About

Shake Shack Inc. owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offer burgers, 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 3.82B
Enterprise Value 4.13B Income 42.60M Sales 1.37B
Book/sh 12.64 Cash/sh 8.89 Dividend Yield —
Payout 0.00% Employees 12826 IPO —
P/E 87.64 Forward P/E 66.28 PEG —
P/S 2.78 P/B 7.07 P/C —
EV/EBITDA 25.02 EV/Sales 3.01 Quick Ratio 1.75
Current Ratio 1.84 Debt/Eq 161.43 LT Debt/Eq —
EPS (ttm) 1.02 EPS next Y 1.35 EPS Growth —
Revenue Growth 15.90% Earnings 2026-02-26 ROA 2.11%
ROE 9.08% ROIC — Gross Margin 40.02%
Oper. Margin 5.19% Profit Margin 3.10% Shs Outstand 40.25M
Shs Float 38.45M Short Float 18.93% Short Ratio 3.16
Short Interest — 52W High 144.65 52W Low 72.93
Beta 1.75 Avg Volume 1.60M Volume 852.14K
Target Price $110.83 Recom Buy Prev Close $89.56
Price $89.39 Change -0.19%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$110.83
Mean price target
2. Current target
$89.39
Latest analyst target
3. DCF / Fair value
$22.59
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$89.39
Low
$85.00
High
$144.00
Mean
$110.83

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-20 up Morgan Stanley Equal-Weight → Overweight $125
2026-01-07 main Barclays Overweight → Overweight $110
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
2025-10-13 up Jefferies Underperform → Hold $95
2025-10-06 down B of A Securities Neutral → Underperform $86
2025-09-30 main Goldman Sachs Buy → Buy $137
2025-09-29 main Truist Securities Buy → Buy $156
2025-08-01 main Morgan Stanley Equal-Weight → Equal-Weight $126
2025-08-01 reit Raymond James Strong Buy → Strong Buy $160
2025-08-01 main Barclays Overweight → Overweight $160
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 200 19838 — Sale at price 99.19 per share. SENTELL STEPHANIE ANN Chief Operating Officer — 2026-01-20 00:00:00 D
1 200 17156 — Sale at price 85.78 per share. SENTELL STEPHANIE ANN Chief Operating Officer — 2025-12-19 00:00:00 D
2 1100 93657 — Sale at price 85.03 - 85.65 per share. SENTELL STEPHANIE ANN Chief Operating Officer — 2025-11-25 00:00:00 D
3 2693 379625 — Sale at price 140.03 - 142.03 per share. FOGERTEY KATHERINE IRENE Chief Financial Officer — 2025-07-08 00:00:00 D
4 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
5 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
6 3435 — — Stock Gift at price 0.00 per share. MEYER DANIEL HARRIS Director and Beneficial Owner of more than 10% of a Class of Security — 2025-06-20 00:00:00 I
7 4518 574524 — Sale at price 124.12 - 128.27 per share. FOGERTEY KATHERINE IRENE Chief Financial Officer — 2025-06-13 00:00:00 D
8 10000 1302558 — Sale at price 130.26 per share. MEYER DANIEL HARRIS Director and Beneficial Owner of more than 10% of a Class of Security — 2025-06-05 00:00:00 I
9 1615 205024 — Stock Award(Grant) at price 126.95 per share. LAWRENCE JEFFREY D Director — 2025-06-04 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-11.50M-4.67M-856.27K-4.03M
TaxRateForCalcs0.240.210.050.27
NormalizedEBITDA168.81M133.97M69.00M59.40M
TotalUnusualItems-47.91M-22.24M-17.48M-14.92M
TotalUnusualItemsExcludingGoodwill-47.91M-22.24M-17.48M-14.92M
NetIncomeFromContinuingOperationNetMinorityInterest10.21M20.26M-21.23M-4.56M
ReconciledDepreciation104.61M93.04M74.30M60.24M
ReconciledCostOfRevenue676.55M607.50M517.44M432.13M
EBITDA120.89M111.74M51.53M44.48M
EBIT16.29M18.70M-22.77M-15.76M
NetInterestIncome-2.04M-1.72M-1.52M-1.58M
InterestExpense2.04M1.72M1.52M1.58M
NormalizedIncome46.62M37.83M-4.61M6.33M
NetIncomeFromContinuingAndDiscontinuedOperation10.21M20.26M-21.23M-4.56M
TotalExpenses1.20B1.06B909.90M740.82M
RentExpenseSupplemental93.07M79.85M68.51M59.23M
TotalOperatingIncomeAsReported3.04M5.92M-26.89M-15.85M
DilutedAverageShares44.20M43.90M39.24M39.09M
BasicAverageShares39.83M39.42M39.24M39.09M
DilutedEPS0.240.47-0.61-0.22
BasicEPS0.260.50-0.61-0.22
DilutedNIAvailtoComStockholders10.82M20.99M-21.23M-4.56M
AverageDilutionEarnings613.00K726.00K0.00
NetIncomeCommonStockholders10.21M20.26M-21.23M-4.56M
NetIncome10.21M20.26M-21.23M-4.56M
MinorityInterests-613.00K-726.00K1.88M1.46M
NetIncomeIncludingNoncontrollingInterests10.82M20.99M-23.11M-6.02M
NetIncomeContinuousOperations10.82M20.99M-23.11M-6.02M
TaxProvision3.42M-4.01M-1.18M-11.32M
PretaxIncome14.24M16.98M-24.29M-17.34M
OtherIncomeExpense-34.66M-9.46M-13.35M-14.83M
OtherNonOperatingIncomeExpenses13.25M12.78M4.13M95.00K
SpecialIncomeCharges-47.91M-22.24M-17.48M-14.92M
OtherSpecialCharges15.55M19.23M15.05M13.29M
ImpairmentOfCapitalAssets32.37M3.01M2.42M1.63M
NetNonOperatingInterestIncomeExpense-2.04M-1.72M-1.52M-1.58M
InterestExpenseNonOperating2.04M1.72M1.52M1.58M
OperatingIncome50.95M28.16M-9.42M-930.00K
OperatingExpense522.97M450.08M390.96M307.45M
OtherOperatingExpenses178.38M149.45M129.65M102.03M
DepreciationAmortizationDepletionIncomeStatement102.47M91.24M72.80M58.99M
DepreciationAndAmortizationInIncomeStatement102.47M91.24M72.80M58.99M
SellingGeneralAndAdministration242.12M209.39M188.52M146.42M
GeneralAndAdministrativeExpense242.12M209.39M188.52M146.42M
OtherGandA149.05M129.54M120.01M87.20M
RentAndLandingFees93.07M79.85M68.51M59.23M
GrossProfit573.92M478.24M381.54M306.52M
CostOfRevenue678.69M609.29M518.94M433.38M
TotalRevenue1.25B1.09B900.49M739.89M
OperatingRevenue1.25B1.09B900.49M739.89M
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber40.07M39.47M39.28M39.14M
ShareIssued40.07M39.47M39.28M39.14M
NetDebt20.98M14.07M
TotalDebt809.62M771.33M720.51M686.19M
TangibleBookValue470.02M443.42M412.20M409.54M
InvestedCapital716.70M689.05M656.79M653.08M
WorkingCapital180.90M170.37M196.27M288.18M
NetTangibleAssets470.02M443.42M412.20M409.54M
CapitalLeaseObligations562.94M525.69M475.92M442.65M
CommonStockEquity470.02M443.42M412.20M409.54M
TotalCapitalization716.70M689.05M656.79M653.08M
TotalEquityGrossMinorityInterest493.63M469.37M436.84M435.60M
MinorityInterest23.61M25.95M24.63M26.06M
StockholdersEquity470.02M443.42M412.20M409.54M
GainsLossesNotAffectingRetainedEarnings-1.00K-3.00K0.001.00K
OtherEquityAdjustments-1.00K-3.00K1.00K
RetainedEarnings26.98M16.78M-3.49M3.55M
AdditionalPaidInCapital442.99M426.60M415.65M405.94M
CapitalStock42.00K42.00K42.00K42.00K
CommonStock42.00K42.00K42.00K42.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest1.20B1.14B1.08B1.02B
TotalNonCurrentLiabilitiesNetMinorityInterest1.02B972.42M927.40M900.47M
OtherNonCurrentLiabilities2.16M760.00K2.44M5.80M
DuetoRelatedPartiesNonCurrent235.61M234.89M234.04M
TradeandOtherPayablesNonCurrent247.02M235.61M234.89M234.04M
NonCurrentDeferredLiabilities17.06M17.16M14.34M12.67M
NonCurrentDeferredRevenue17.06M17.16M14.34M12.67M
LongTermDebtAndCapitalLeaseObligation749.80M718.89M675.73M647.96M
LongTermCapitalLeaseObligation503.12M473.25M431.14M404.42M
LongTermDebt246.68M245.64M244.59M243.54M
CurrentLiabilities187.31M164.07M147.72M121.50M
OtherCurrentLiabilities5.87M4.99M3.07M3.38M
CurrentDeferredLiabilities2.58M2.60M2.29M3.30M
CurrentDeferredRevenue2.58M2.60M2.29M3.30M
CurrentDebtAndCapitalLeaseObligation59.83M52.44M44.78M38.23M
CurrentCapitalLeaseObligation59.83M52.44M44.78M38.23M
CurrentProvisions679.00K6.29M533.00K
PayablesAndAccruedExpenses119.03M104.04M91.29M76.05M
CurrentAccruedExpenses88.43M75.69M65.52M51.53M
Payables30.61M28.35M25.77M24.52M
TotalTaxPayable7.00M6.08M5.36M4.58M
AccountsPayable23.61M22.27M20.41M19.95M
TotalAssets1.70B1.61B1.51B1.46B
TotalNonCurrentAssets1.33B1.27B1.17B1.05B
OtherNonCurrentAssets10.96M15.93M15.82M12.56M
NonCurrentDeferredAssets341.59M326.21M317.63M298.67M
NonCurrentDeferredTaxesAssets341.59M326.21M317.63M298.67M
NetPPE976.21M929.29M834.52M736.66M
AccumulatedDepreciation-457.19M-376.76M-290.36M-222.77M
GrossPPE1.43B1.31B1.12B959.43M
Leases676.10M594.02M494.21M413.89M
ConstructionInProgress40.03M56.53M71.10M47.28M
OtherProperties560.80M522.20M461.38M429.70M
MachineryFurnitureEquipment156.46M133.29M98.19M68.56M
Properties0.000.000.000.00
CurrentAssets368.22M334.43M343.99M409.68M
OtherCurrentAssets844.00K1.19M763.00K9.76M
PrepaidAssets8.20M5.64M3.81M9.76M
Inventory6.01M5.40M4.18M3.85M
Receivables32.45M28.98M24.00M13.66M
OtherReceivables16.63M14.97M11.78M3.01M
AccountsReceivable15.82M14.01M12.22M10.65M
AllowanceForDoubtfulAccountsReceivable0.00
GrossAccountsReceivable15.82M14.01M12.22M10.65M
CashCashEquivalentsAndShortTermInvestments320.71M293.21M311.23M382.41M
OtherShortTermInvestments0.0068.56M80.71M80.00M
CashAndCashEquivalents320.71M224.65M230.52M302.41M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow35.66M-14.03M-65.82M-43.09M
RepaymentOfDebt-3.96M-3.27M-2.97M-2.69M
IssuanceOfDebt0.000.00243.75M
IssuanceOfCapitalStock0.000.00
CapitalExpenditure-135.50M-146.17M-142.56M-101.50M
InterestPaidSupplementalData882.00K882.00K252.00K252.00K
IncomeTaxPaidSupplementalData6.53M6.53M3.73M2.81M
EndCashPosition320.71M224.65M230.52M302.41M
BeginningCashPosition224.65M230.52M302.41M146.87M
EffectOfExchangeRateChanges2.00K-3.00K-1.00K-2.00K
ChangesInCash96.06M-5.87M-71.88M155.53M
FinancingCashFlow-9.02M-5.68M-5.20M242.02M
CashFlowFromContinuingFinancingActivities-9.02M-5.68M-5.20M242.02M
NetOtherFinancingCharges-6.68M-3.16M-2.65M-5.77M
ProceedsFromStockOptionExercised1.63M744.00K424.00K6.73M
NetCommonStockIssuance0.000.00
CommonStockIssuance0.000.00
NetIssuancePaymentsOfDebt-3.96M-3.27M-2.97M241.06M
NetShortTermDebtIssuance0.000.00
ShortTermDebtPayments0.000.00
ShortTermDebtIssuance0.000.00
NetLongTermDebtIssuance-3.96M-3.27M-2.97M241.06M
LongTermDebtPayments-3.96M-3.27M-2.97M-2.69M
LongTermDebtIssuance0.000.00243.75M
InvestingCashFlow-66.08M-132.32M-143.42M-144.89M
CashFlowFromContinuingInvestingActivities-66.08M-132.32M-143.42M-144.89M
NetInvestmentPurchaseAndSale69.42M13.85M-865.00K-43.40M
SaleOfInvestment69.42M108.56M0.004.00M
PurchaseOfInvestment0.00-94.71M-865.00K-47.40M
NetPPEPurchaseAndSale-135.50M-146.17M-142.56M-101.50M
PurchaseOfPPE-135.50M-146.17M-142.56M-101.50M
OperatingCashFlow171.16M132.14M76.74M58.40M
CashFlowFromContinuingOperatingActivities171.16M132.14M76.74M58.40M
ChangeInWorkingCapital-69.44M-57.95M-45.41M-44.06M
ChangeInOtherCurrentLiabilities-74.94M-58.73M-53.58M-46.03M
ChangeInOtherCurrentAssets-2.90M-6.31M-8.06M-2.72M
ChangeInPayablesAndAccruedExpense14.48M13.53M9.90M4.92M
ChangeInAccruedExpense11.12M12.84M6.36M11.38M
ChangeInPayable3.36M687.00K3.54M-6.45M
ChangeInAccountPayable3.36M687.00K3.54M-6.45M
ChangeInPrepaidAssets-2.63M-2.25M-2.47M4.91M
ChangeInInventory-610.00K-1.22M-334.00K-962.00K
ChangeInReceivables-2.84M-2.97M9.14M-4.19M
ChangesInAccountReceivables-2.84M-2.97M9.14M-4.19M
OtherNonCashItems78.38M68.94M60.07M52.11M
StockBasedCompensation15.91M14.89M13.33M8.70M
UnrealizedGainLossOnInvestmentSecurities0.000.00158.00K277.00K
AssetImpairmentCharge32.37M3.01M2.42M1.63M
AmortizationOfSecurities-440.00K-1.62M0.000.00
DeferredTax-1.05M-9.07M-5.01M-14.47M
DeferredIncomeTax-1.05M-9.07M-5.01M-14.47M
DepreciationAmortizationDepletion104.61M93.04M74.30M60.24M
DepreciationAndAmortization104.61M93.04M74.30M60.24M
AmortizationCashFlow2.14M1.80M1.50M1.25M
AmortizationOfIntangibles2.14M1.80M1.50M1.25M
Depreciation102.47M91.24M72.80M58.99M
OperatingGainsLosses-81.00K5.00K
GainLossOnInvestmentSecurities-81.00K5.00K
NetIncomeFromContinuingOperations10.82M20.99M-23.11M-6.02M
SEC Filings

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

Public Trades for SHAK
Date User Asset Broker Type Position Size Entry Price Patterns