Shake Shack (SHAK) Stock Forecast, Price Target & Predictions


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SHAK Stock Forecast


Shake Shack stock forecast is as follows: an average price target of $101.71 (represents a -0.33% downside from SHAK’s last price of $102.05) and a rating consensus of 'Hold', based on 22 wall street analysts offering a 1-year stock forecast.

SHAK Price Target


The average price target for Shake Shack (SHAK) is $101.71 based on 1-year price targets from 22 Wall Street analysts in the past 3 months, with a price target range of $125.00 to $42.00. This represents a potential -0.33% downside from SHAK's last price of $102.05.

SHAK Analyst Ratings


Hold

According to 22 Wall Street analysts, Shake Shack's rating consensus is 'Hold'. The analyst rating breakdown for SHAK stock is 1 'Strong Buy' (4.55%), 9 'Buy' (40.91%), 12 'Hold' (54.55%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Shake Shack Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 28, 2024Lauren SilbermanDeutsche Bank$115.00$107.427.06%12.69%
Aug 19, 2024Brian MullanPiper Sandler$114.00$107.376.17%11.71%
Aug 02, 2024Nick SetyanWedbush$100.00$102.41-2.35%-2.01%
Aug 01, 2024Chris O'CullStifel Nicolaus$100.00$101.39-1.38%-2.01%
Jul 22, 2024Lauren SilbermanDeutsche Bank$105.00$84.4624.32%2.89%
Jul 16, 2024Brian HarbourMorgan Stanley$100.00$86.1816.04%-2.01%
Jul 01, 2024Jake BartlettTruist Financial$125.00$90.0038.89%22.49%
Jun 13, 2024Christine ChoGoldman Sachs$110.00$92.7418.61%7.79%
Jun 03, 2024Brian HarbourMorgan Stanley$108.00$94.8913.82%5.83%
May 06, 2024Chris O'CullStifel Nicolaus$110.00$105.624.15%7.79%
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The latest Shake Shack stock forecast, released on Aug 28, 2024 by Lauren Silberman from Deutsche Bank, set a price target of $115.00, which represents a 7.06% increase from the stock price at the time of the forecast ($107.42), and a 12.69% increase from SHAK last price ($102.05).

Shake Shack Price Target by Period


1M3M12M
# Anlaysts2718
Avg Price Target$114.50$108.43$110.61
Last Closing Price$102.05$102.05$102.05
Upside/Downside12.20%6.25%8.39%

In the current month, the average price target of Shake Shack stock is $114.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 12.20% increase as opposed to Shake Shack's last price of $102.05. This month's average price target is up 5.60% compared to last quarter, and up 3.52% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Aug 28, 2024Deutsche BankHoldHoldHold
Aug 19, 2024WedbushBuyBuyHold
Aug 19, 2024Piper Sandler-NeutralDowngrade
Aug 02, 2024BTIGBuyBuyHold
Aug 02, 2024WedbushNeutralNeutralHold
Aug 02, 2024BarclaysEqual-WeightEqual-WeightHold
Jul 22, 2024Deutsche BankHoldHoldHold
Jul 19, 2024WedbushBuyBuyHold
Jul 16, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Jun 17, 2024Cowen & Co.BuyBuyHold
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Shake Shack's last stock rating was published by Deutsche Bank on Aug 28, 2024. The company gave SHAK a "Hold" rating, the same as its previous rate.

Shake Shack Financial Forecast


Shake Shack Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$286.24M$276.21M$271.81M$253.28M$238.53M$227.81M$230.75M$203.39M$203.26M$193.90M$187.46M$155.28M$157.51M$130.40M$91.79M$143.17M$151.44M$157.76M
Avg Forecast$413.05M$403.21M$405.74M$375.01M$379.76M$359.64M$359.67M$331.46M$325.49M$316.12M$314.37M$291.00M$280.24M$275.81M$274.39M$245.84M$238.50M$225.89M$238.30M$200.76M$203.30M$197.48M$181.01M$161.90M$157.50M$125.25M$91.80M$143.00M$153.01M$157.56M
High Forecast$417.56M$407.61M$410.17M$379.10M$383.90M$363.56M$363.59M$335.08M$329.04M$317.73M$317.80M$294.17M$282.56M$279.54M$277.39M$248.52M$241.10M$228.35M$238.30M$204.50M$207.09M$201.16M$184.38M$164.92M$160.44M$127.59M$93.51M$145.67M$155.87M$160.50M
Low Forecast$409.17M$399.42M$401.93M$371.49M$376.19M$356.26M$356.29M$328.35M$322.43M$314.73M$311.42M$288.26M$278.76M$272.61M$271.82M$243.53M$236.26M$223.77M$238.30M$196.92M$199.41M$193.69M$177.54M$158.80M$154.48M$122.85M$90.04M$140.26M$150.08M$154.54M
# Analysts7777999971576111914188881077710666655
Surprise %------------1.02%1.00%0.99%1.03%1.00%1.01%0.97%1.01%1.00%0.98%1.04%0.96%1.00%1.04%1.00%1.00%0.99%1.00%

Shake Shack's average Quarter revenue forecast for Mar 24 based on 6 analysts is $291.00M, with a low forecast of $288.26M, and a high forecast of $294.17M. SHAK's average Quarter revenue forecast represents a 1.66% increase compared to the company's last Quarter revenue of $286.24M (Dec 23).

Shake Shack EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts7777999971576111914188881077710666655
EBITDA------------$47.76M$30.85M$31.55M$22.13M$16.44M$16.29M$18.33M$2.54M$9.98M$13.09M$18.08M$4.78M$475.00K$6.62M$-9.40M$11.27M$12.83M$17.91M
Avg Forecast$36.48M$35.61M$35.84M$33.12M$33.54M$31.77M$31.77M$29.28M$28.75M$27.92M$27.77M$3.78M$24.75M$24.36M$24.24M$3.44M$21.07M$14.40M$21.05M$3.13M$13.51M$13.09M$44.17M$10.52M$738.41K$8.80M$-7.37M$12.39M$13.52M$12.54M
High Forecast$36.88M$36.00M$36.23M$33.49M$33.91M$32.11M$32.12M$29.60M$29.06M$28.06M$28.07M$4.54M$24.96M$24.69M$24.50M$4.13M$21.30M$17.27M$21.05M$3.75M$16.21M$15.70M$53.00M$12.63M$886.09K$10.56M$-5.90M$14.87M$13.77M$15.05M
Low Forecast$36.14M$35.28M$35.50M$32.81M$33.23M$31.47M$31.47M$29.00M$28.48M$27.80M$27.51M$3.03M$24.62M$24.08M$24.01M$2.75M$20.87M$11.52M$21.05M$2.50M$10.81M$10.47M$35.33M$8.42M$590.73K$7.04M$-8.84M$9.91M$13.26M$10.03M
Surprise %------------1.93%1.27%1.30%6.44%0.78%1.13%0.87%0.81%0.74%1.00%0.41%0.45%0.64%0.75%1.28%0.91%0.95%1.43%

6 analysts predict SHAK's average Quarter EBITDA for Mar 24 to be $3.78M, with a high of $4.54M and a low of $3.03M. This is -92.08% lower than Shake Shack's previous annual EBITDA (Dec 23) of $47.76M.

Shake Shack Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts7777999971576111914188881077710666655
Net Income------------$6.77M$7.63M$6.95M$-1.62M$-11.07M$-2.31M$-1.30M$-11.28M$-10.35M$-2.18M$1.94M$1.31M$-19.43M$-5.56M$-16.21M$-960.00K$-2.09M$10.34M
Avg Forecast$10.97M$12.88M$16.95M$9.32M$9.90M$10.77M$14.13M$6.78M$6.00M$7.73M$11.11M$-13.97M$272.65K$3.93M$4.53M$-12.70M$-4.46M$-2.40M$-856.41K$-11.55M$-13.16M$-2.18M$4.75M$2.88M$-30.20M$-7.39M$-12.71M$-1.06M$-168.96K$7.24M
High Forecast$11.13M$13.07M$17.20M$9.46M$10.04M$10.92M$14.33M$6.88M$6.08M$11.20M$11.27M$-11.18M$276.51K$5.89M$4.59M$-10.16M$-4.41M$-1.92M$-856.41K$-9.24M$-10.53M$-1.74M$5.70M$3.46M$-24.16M$-5.91M$-10.16M$-844.80K$-164.76K$8.69M
Low Forecast$10.84M$12.73M$16.75M$9.21M$9.78M$10.64M$13.96M$6.70M$5.93M$6.18M$10.98M$-16.77M$269.32K$1.57M$4.47M$-15.24M$-4.52M$-2.87M$-856.41K$-13.86M$-15.80M$-2.61M$3.80M$2.30M$-36.24M$-8.86M$-15.25M$-1.27M$-173.06K$5.79M
Surprise %------------24.82%1.94%1.54%0.13%2.48%0.96%1.52%0.98%0.79%1.00%0.41%0.45%0.64%0.75%1.28%0.91%12.39%1.43%

Shake Shack's average Quarter net income forecast for Mar 24 is $-13.97M, with a range of $-16.77M to $-11.18M. SHAK's average Quarter net income forecast represents a -306.51% decrease compared to the company's last Quarter net income of $6.77M (Dec 23).

Shake Shack SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts7777999971576111914188881077710666655
SG&A------------$17.33M$30.94M$51.28M$49.89M$49.99M$43.98M$45.73M$47.60M$41.36M$35.14M$35.24M$33.48M$32.70M$28.05M$26.34M$28.75M$32.37M$29.63M
Avg Forecast$72.11M$70.39M$70.83M$65.47M$66.30M$62.78M$62.79M$57.87M$56.82M$55.19M$54.88M$43.06M$48.92M$48.15M$47.90M$39.15M$41.64M$38.66M$41.60M$35.59M$55.96M$35.14M$86.09M$73.65M$50.83M$37.27M$20.64M$49.43M$26.71M$31.48M
High Forecast$72.90M$71.16M$71.61M$66.18M$67.02M$63.47M$63.47M$58.50M$57.44M$55.47M$55.48M$51.68M$49.33M$48.80M$48.43M$46.98M$42.09M$46.39M$41.60M$42.71M$67.15M$42.17M$103.31M$88.38M$61.00M$44.73M$24.77M$59.31M$27.21M$37.78M
Low Forecast$71.43M$69.73M$70.17M$64.85M$65.67M$62.20M$62.20M$57.32M$56.29M$54.94M$54.37M$34.45M$48.66M$47.59M$47.45M$31.32M$41.25M$30.93M$41.60M$28.47M$44.77M$28.12M$68.87M$58.92M$40.66M$29.82M$16.52M$39.54M$26.20M$25.19M
Surprise %------------0.35%0.64%1.07%1.27%1.20%1.14%1.10%1.34%0.74%1.00%0.41%0.45%0.64%0.75%1.28%0.58%1.21%0.94%

Shake Shack's average Quarter SG&A projection for Mar 24 is $43.06M, based on 6 Wall Street analysts, with a range of $34.45M to $51.68M. The forecast indicates a 148.47% rise compared to SHAK last annual SG&A of $17.33M (Dec 23).

Shake Shack EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts7777999971576111914188881077710666655
EPS------------$0.15$0.19$0.18$-0.04$-0.28$-0.06$-0.03$-0.29$-0.26$-0.06$0.05$0.03$-0.52$-0.15$-0.43$-0.03$-0.06$0.32
Avg Forecast$0.26$0.31$0.41$0.22$0.24$0.26$0.34$0.16$0.14$0.19$0.27$0.10$0.01$0.09$0.11$-0.09$-0.11$-0.06$-0.02$-0.23$-0.17$-0.06$-0.07$-0.09$-0.11$-0.21$-0.36$-0.01$-0.00$0.21
High Forecast$0.27$0.32$0.41$0.23$0.24$0.26$0.35$0.17$0.15$0.27$0.27$0.10$0.01$0.14$0.11$-0.09$-0.11$-0.06$-0.02$-0.22$-0.17$-0.06$-0.07$-0.08$-0.11$-0.21$-0.35$-0.01$-0.00$0.22
Low Forecast$0.26$0.31$0.40$0.22$0.24$0.26$0.34$0.16$0.14$0.15$0.26$0.10$0.01$0.04$0.11$-0.09$-0.11$-0.06$-0.02$-0.23$-0.18$-0.06$-0.08$-0.09$-0.12$-0.22$-0.37$-0.01$-0.00$0.21
Surprise %------------22.82%2.01%1.65%0.47%2.60%0.93%1.60%1.29%1.51%1.03%-0.67%-0.35%4.57%0.70%1.19%5.04%15.60%1.49%

According to 6 Wall Street analysts, Shake Shack's projected average Quarter EPS for Mar 24 is $0.10, with a low estimate of $0.10 and a high estimate of $0.10. This represents a -34.05% decrease compared to SHAK previous annual EPS of $0.15 (Dec 23).

Shake Shack Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
JACKJack in the Box$44.41$77.5074.51%Buy
PZZAPapa John's$49.60$82.8967.12%Buy
WENWendy's Company$17.57$23.1131.53%Buy
DPZDomino's Pizza$402.52$492.7522.42%Buy
QSRRestaurant Brands$69.18$78.3213.21%Buy
SBUXStarbucks$98.57$106.708.25%Buy
YUMYum! Brands$133.65$144.588.18%Buy
MCDMcDonald's$296.53$312.885.51%Buy
SHAKShake Shack$102.05$101.71-0.33%Hold
DRIDarden Restaurants$160.25$159.00-0.78%Buy
CMGChipotle Mexican Grill$56.12$55.52-1.07%Buy
EATBrinker$70.39$55.30-21.44%Hold
WINGWingstop$394.81$297.53-24.64%Hold

SHAK Forecast FAQ


No, according to 22 Wall Street analysts, Shake Shack (SHAK) is considered a 'Hold'. The rating consensus is based on 1 'Strong Buy' and 9 'Buy' recommendations, accounting for 45.45% of SHAK's total ratings.

Shake Shack (SHAK) average price target is $101.71 with a range of $42 to $125, implying a -0.33% from its last price of $102.05. The data is based on 22 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for SHAK stock, the company can go down by -0.33% (from the last price of $102.05 to the average price target of $101.71), up by 22.49% based on the highest stock price target, and down by -58.84% based on the lowest stock price target.

SHAK's average twelve months analyst stock price target of $101.71 does not support the claim that Shake Shack can reach $200 in the near future.

2 Wall Street analysts forecast a $114.5 price target for Shake Shack (SHAK) this month, up 12.20% from its last price of $102.05. Compared to the last 3 and 12 months, the average price target increased by 6.25% and increased by 8.39%, respectively.

Shake Shack's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.43B (high $1.45B, low $1.42B), average EBITDA is $126.36M (high $127.73M, low $125.17M), average net income is $41.59M (high $42.18M, low $41.08M), average SG&A $249.74M (high $252.46M, low $247.39M), and average EPS is $1 (high $1.02, low $0.99). SHAK's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.6B (high $1.61B, low $1.58B), average EBITDA is $141.06M (high $142.6M, low $139.74M), average net income is $50.14M (high $50.85M, low $49.52M), average SG&A $278.8M (high $281.84M, low $276.18M), and average EPS is $1.21 (high $1.23, low $1.19).

Based on Shake Shack's last annual report (Dec 2023), the company's revenue was $1.09B, beating the average analysts forecast of $1.08B by 1.04%. Apple's EBITDA was $188.98M, beating the average prediction of $76.79M by 146.10%. The company's net income was $19.81M, missing the average estimation of $-3.977M by -598.08%. Apple's SG&A was $59.96M, missing the average forecast of $184.13M by -67.43%. Lastly, the company's EPS was $0.45, beating the average prediction of $0.123 by 264.49%. In terms of the last quarterly report (Dec 2023), Shake Shack's revenue was $286.24M, beating the average analysts' forecast of $280.24M by 2.14%. The company's EBITDA was $47.76M, beating the average prediction of $24.75M by 92.96%. Shake Shack's net income was $6.77M, beating the average estimation of $272.65K by 2381.59%. The company's SG&A was $17.33M, missing the average forecast of $48.92M by -64.57%. Lastly, the company's EPS was $0.15, beating the average prediction of $0.00657 by 2182.06%