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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 $109.19 (represents a -8.45% downside from SHAK’s last price of $119.27) 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 $109.19 based on 1-year price targets from 22 Wall Street analysts in the past 3 months, with a price target range of $144.00 to $42.00. This represents a potential -8.45% downside from SHAK's last price of $119.27.

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
Oct 31, 2024Alton StumpLoop Capital Markets$127.00$122.473.70%6.48%
Oct 31, 2024David TarantinoRobert W. Baird$122.00$122.47-0.38%2.29%
Oct 31, 2024Lauren SilbermanDeutsche Bank$133.00$122.478.60%11.51%
Oct 30, 2024Jake BartlettTruist Financial$144.00$122.4717.58%20.73%
Oct 28, 2024Michael TamasOppenheimer$135.00$114.5417.86%13.19%
Oct 23, 2024Lauren SilbermanDeutsche Bank$120.00$108.7210.38%0.61%
Oct 22, 2024Jeffrey BernsteinBernstein$115.00$110.194.37%-3.58%
Aug 28, 2024Lauren SilbermanDeutsche Bank$115.00$107.427.06%-3.58%
Aug 19, 2024Brian MullanPiper Sandler$114.00$107.376.17%-4.42%
Aug 02, 2024Nick SetyanWedbush$100.00$102.41-2.35%-16.16%
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The latest Shake Shack stock forecast, released on Oct 31, 2024 by Alton Stump from Loop Capital Markets, set a price target of $127.00, which represents a 3.70% increase from the stock price at the time of the forecast ($122.47), and a 6.48% increase from SHAK last price ($119.27).

Shake Shack Price Target by Period

1M3M12M
# Anlaysts7825
Avg Price Target$128.00$126.38$115.48
Last Closing Price$119.27$119.27$119.27
Upside/Downside7.32%5.96%-3.18%

In the current month, the average price target of Shake Shack stock is $128.00, according to 7 Wall Street analysts offering twelve months forecast. The average price target represents a 7.32% increase as opposed to Shake Shack's last price of $119.27. This month's average price target is up 1.28% compared to last quarter, and up 10.84% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 31, 2024Loop Capital MarketsHoldHoldHold
Oct 31, 2024BarclaysEqual-WeightEqual-WeightHold
Oct 28, 2024OppenheimerOutperformOutperformHold
Oct 24, 2024Piper SandlerNeutralNeutralHold
Oct 23, 2024Deutsche BankHoldHoldHold
Oct 22, 2024WedbushBuyBuyHold
Oct 22, 2024BernsteinEqual-WeightEqual-WeightHold
Sep 18, 2024WedbushBuyBuyHold
Sep 18, 2024Cowen & Co.BuyBuyHold
Aug 28, 2024Deutsche BankHoldHoldHold
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Shake Shack's last stock rating was published by Loop Capital Markets on Oct 31, 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$422.48M$409.10M$402.85M$373.89M$386.86M$359.76M$353.96M$327.73M$325.48M$316.03M$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$428.26M$414.70M$408.37M$379.01M$392.16M$364.69M$358.81M$335.05M$326.57M$316.31M$314.37M$291.00M$282.56M$279.54M$278.15M$249.21M$241.76M$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
Low Forecast$417.88M$404.64M$398.46M$369.82M$382.65M$355.84M$350.11M$324.96M$324.59M$315.75M$314.37M$291.00M$278.76M$272.61M$271.40M$243.16M$235.90M$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
# Analysts666655512161285111913171788111317999128877
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 5 analysts is $291.00M, with a low forecast of $291.00M, and a high forecast of $291.00M. 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
# Analysts666655512161285111913171788111317999128877
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$29.26M$28.33M$27.90M$25.89M$26.79M$24.91M$24.51M$22.69M$22.54M$21.88M$21.77M$3.78M$19.41M$19.10M$19.00M$3.44M$14.86M$19.95M$21.05M$3.13M$17.96M$17.44M$15.99M$10.52M$13.91M$11.06M$8.11M$12.39M$13.52M$13.92M
High Forecast$29.66M$28.72M$28.28M$26.25M$27.16M$25.25M$24.85M$23.20M$22.61M$21.90M$21.77M$4.54M$19.57M$19.36M$19.26M$4.13M$17.83M$19.95M$21.05M$3.75M$17.96M$17.44M$15.99M$12.63M$13.91M$11.06M$8.11M$14.87M$13.52M$13.92M
Low Forecast$28.94M$28.02M$27.59M$25.61M$26.50M$24.64M$24.24M$22.50M$22.48M$21.86M$21.77M$3.03M$19.30M$18.88M$18.79M$2.75M$11.89M$19.95M$21.05M$2.50M$17.96M$17.44M$15.99M$8.42M$13.91M$11.06M$8.11M$9.91M$13.52M$13.92M
Surprise %------------2.46%1.62%1.66%6.44%1.11%0.82%0.87%0.81%0.56%0.75%1.13%0.45%0.03%0.60%-1.16%0.91%0.95%1.29%

5 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
# Analysts666655512161285111913171788111317999128877
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$14.25M$15.65M$16.14M$9.94M$11.55M$12.88M$13.89M$7.49M$6.38M$7.78M$10.72M$-13.97M$262.99K$3.79M$4.37M$-12.70M$-14.48M$-2.62M$-861.00K$-11.55M$-7.14M$-2.41M$-3.09M$2.88M$-4.72M$-8.90M$-14.98M$-1.06M$-159.49K$8.90M
High Forecast$14.50M$15.93M$16.43M$10.12M$11.76M$13.11M$14.14M$10.24M$9.17M$7.83M$10.72M$-11.18M$267.66K$5.68M$4.44M$-10.16M$-11.58M$-2.62M$-861.00K$-9.24M$-7.14M$-2.41M$-3.09M$3.46M$-4.72M$-8.90M$-14.98M$-844.80K$-159.49K$8.90M
Low Forecast$14.05M$15.43M$15.91M$9.80M$11.39M$12.69M$13.69M$5.91M$4.78M$7.73M$10.72M$-16.77M$259.26K$1.52M$4.30M$-15.24M$-17.38M$-2.62M$-861.00K$-13.86M$-7.14M$-2.41M$-3.09M$2.30M$-4.72M$-8.90M$-14.98M$-1.27M$-159.49K$8.90M
Surprise %------------25.73%2.01%1.59%0.13%0.76%0.88%1.51%0.98%1.45%0.90%-0.63%0.45%4.12%0.62%1.08%0.91%13.12%1.16%

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
# Analysts666655512161285111913171788111317999128877
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$79.02M$76.52M$75.35M$69.93M$72.36M$67.29M$66.21M$61.30M$60.88M$59.11M$58.80M$43.06M$52.42M$51.59M$51.32M$39.15M$61.56M$39.43M$41.60M$35.59M$35.49M$34.47M$31.60M$73.65M$27.50M$21.87M$16.03M$49.43M$26.71M$27.51M
High Forecast$80.10M$77.57M$76.38M$70.89M$73.35M$68.21M$67.11M$62.67M$61.08M$59.16M$58.80M$51.68M$52.85M$52.29M$52.03M$46.98M$73.87M$39.43M$41.60M$42.71M$35.49M$34.47M$31.60M$88.38M$27.50M$21.87M$16.03M$59.31M$26.71M$27.51M
Low Forecast$78.16M$75.68M$74.53M$69.17M$71.57M$66.56M$65.48M$60.78M$60.71M$59.06M$58.80M$34.45M$52.14M$50.99M$50.76M$31.32M$49.25M$39.43M$41.60M$28.47M$35.49M$34.47M$31.60M$58.92M$27.50M$21.87M$16.03M$39.54M$26.71M$27.51M
Surprise %------------0.33%0.60%1.00%1.27%0.81%1.12%1.10%1.34%1.17%1.02%1.12%0.45%1.19%1.28%1.64%0.58%1.21%1.08%

Shake Shack's average Quarter SG&A projection for Mar 24 is $43.06M, based on 5 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
# Analysts666655512161285111913171788111317999128877
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$0.36$0.39$0.40$0.25$0.29$0.32$0.35$0.19$0.16$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$0.36$0.40$0.41$0.25$0.29$0.33$0.35$0.26$0.23$0.20$0.27$0.10$0.01$0.14$0.11$-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
Low Forecast$0.35$0.39$0.40$0.24$0.28$0.32$0.34$0.15$0.12$0.19$0.27$0.10$0.01$0.04$0.11$-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
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 5 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
PZZAPapa John's$47.31$75.0058.53%Buy
JACKJack in the Box$45.60$71.7557.35%Buy
WENWendy's Company$17.92$22.8827.68%Buy
SBUXStarbucks$98.26$110.7612.72%Buy
QSRRestaurant Brands$69.41$78.2112.68%Buy
DPZDomino's Pizza$438.97$484.2010.30%Buy
DRIDarden Restaurants$162.59$178.349.69%Buy
YUMYum! Brands$132.88$144.688.88%Buy
MCDMcDonald's$290.91$310.826.84%Buy
WINGWingstop$333.21$348.244.51%Buy
CMGChipotle Mexican Grill$58.88$56.59-3.89%Buy
SHAKShake Shack$119.27$109.19-8.45%Hold
EATBrinker$124.74$69.10-44.60%Hold

SHAK Forecast FAQ

Is Shake Shack a good buy?

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.

What is SHAK's price target?

Shake Shack (SHAK) average price target is $109.19 with a range of $42 to $144, implying a -8.45% from its last price of $119.27. The data is based on 22 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Shake Shack stock go up soon?

According to Wall Street analysts' prediction for SHAK stock, the company can go down by -8.45% (from the last price of $119.27 to the average price target of $109.19), up by 20.73% based on the highest stock price target, and down by -64.79% based on the lowest stock price target.

Can Shake Shack stock reach $200?

SHAK's average twelve months analyst stock price target of $109.19 does not support the claim that Shake Shack can reach $200 in the near future.

What is Shake Shack's current price target trend?

7 Wall Street analysts forecast a $128 price target for Shake Shack (SHAK) this month, up 7.32% from its last price of $119.27. Compared to the last 3 and 12 months, the average price target increased by 5.96% and decreased by -3.18%, respectively.

What are Shake Shack's analysts' financial forecasts?

Shake Shack's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.43B (high $1.45B, low $1.41B), average EBITDA is $98.91M (high $100.46M, low $97.88M), average net income is $45.81M (high $49.25M, low $43.69M), average SG&A $267.15M (high $271.34M, low $264.39M), and average EPS is $1.14 (high $1.23, low $1.09). SHAK's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.61B (high $1.63B, low $1.59B), average EBITDA is $111.37M (high $112.9M, low $110.16M), average net income is $55.99M (high $56.98M, low $55.19M), average SG&A $300.82M (high $304.94M, low $297.55M), and average EPS is $1.4 (high $1.42, low $1.38).

Did the SHAK's actual financial results beat the analysts' financial forecasts?

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 $60.94M by 210.09%. The company's net income was $19.81M, missing the average estimation of $-4.286M by -562.14%. Apple's SG&A was $59.96M, missing the average forecast of $194.48M by -69.17%. 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 $19.41M by 146.13%. Shake Shack's net income was $6.77M, beating the average estimation of $262.98K by 2472.77%. The company's SG&A was $17.33M, missing the average forecast of $52.42M by -66.93%. Lastly, the company's EPS was $0.15, beating the average prediction of $0.00657 by 2182.06%