SHAK - Shake Shack Inc.
33.60 +1.08 (3.32%)
After hours: 6:05PM EDT
| Previous Close | 37.74 |
| Open | 36.00 |
| Bid | 32.34 x 1000 |
| Ask | 32.91 x 1400 |
| Day's Range | 32.06 - 36.48 |
| 52 Week Range | 30.01 - 105.84 |
| Volume | 2,995,425 |
| Avg. Volume | 2,322,088 |
| Market Cap | 1.222B |
| Beta (5Y Monthly) | 1.25 |
| PE Ratio (TTM) | 53.31 |
| EPS (TTM) | 0.61 |
| Earnings Date | Apr 29, 2020 - May 03, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 54.08 |
- Benzinga
7 New Food Items We Can't Wait To Eat: Shackburger, Big King XL And More
New food items in the grocery store and restaurant items available for delivery couldn't have come at a better time. The American public remains mostly sheltered up in their homes and many are itching for something new and exciting to eat.Breakfast: IHOP Cereal A Must Have Going out for a steak is my top post-coronavirus priority, but a close second is pancakes topped with cereal at IHOP. Hopefully the Dine Brands Global Inc (NYSE: DIN) brand will extend its Cinnamon Toast Crunch Pancakes limited edition offering beyond April 12.Lunch: Burger And Jalapeño Cheddar Bites I haven't had a Burger King meal in at least 10 years, but the return of the Big King XL Sandwich and new Jalapeño Cheddar Bites sounds like reason enough to place an order.The Big King XL includes half a pound of beef, four slices of cheese, and the regular fixings found in a Whopper. The Cheddar Bites is what it sounds like and is a new addition at the Restaurant Brands International Inc (NYSE: QSR) brand and will be available nationwide on April 3, according to Chewboom.See Also: 5 Home Cooking InspirationsMid-Day SnackingNothing says a midday pick-me-up like a snack-size portion of our favorite cereals. Kellogg Company (NYSE: K) launched "Snax Packs" in four fan-favorite cereals, including Froot Loops, Tiger Paws, Apple Jacks, and Corn Pops.Need a coffee instead? Jack in the Box Inc. (NASDAQ: JACK) will have you coffered with a new High Mountain Arabica Coffee, which is twice as strong as a single cup of regular coffee. The restaurant is also selling a Hershey's Chocolate Caramel coffee along with a new French Vanilla creamer option.Dinner At Home Thanks To Shake Shack Shake Shack Inc (NYSE: SHAK) teamed up with Goldbelly to sell a do-it-yourself Shackburger kit. Each kit comes with eight patties and rolls, cheese, and custom Shack Sauce. Each kit costs $49 but add a few extra dollars for onions and other toppings that aren't included.Dessert Although I'm far from a big fan of ice cream (yes, really), Walmart Inc's (NYSE: WMT) upcoming Root Beer & Vanilla Float sounds amazing. My father introduced me to the concept of a Root Beer float decades ago and this is at the top of my grocery store must-have list.Other Great Value ice cream brands set to launch in the Spring include a fat-free Margarita Ice Sherbet, Circuits Cookie Ice Cream, and Mango Habanero Coconut Ice Cream.See more from Benzinga * Mark Newton Says There Can Still Be Winners In Retail, But Be Selective * Dave Portnoy And Jim Cramer Talk Stock Market, Nordic American And More * 'Dose Of Reality': Shake Shack, GrubHub Execs Offer Business Updates(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- TheStreet.com
Shake Shack Offers its Burgers in Meal Kits Amid Coronavirus Pandemic
They are available for delivery around the country through delivery company Goldbelly for $49 before shipping.
- Simply Wall St.
A Sliding Share Price Has Us Looking At Shake Shack Inc.'s (NYSE:SHAK) P/E Ratio
To the annoyance of some shareholders, Shake Shack (NYSE:SHAK) shares are down a considerable 32% in the last month...
- Yahoo Finance
Why Pizza Hut is selling a colossal 2-foot pizza during the coronavirus pandemic
Some fast-food chains bulk up their food to support families eating at home.
- Yahoo Finance
Chipotle looking at free delivery for April as coronavirus outbreak continues: CEO
Yahoo Finance speaks with Chipotle CEO Brian Niccol on the state of his restaurant business amidst the coronavirus.
- InvestorPlace
Shake Shack Stock Took a Grilling, But It Will Sizzle Again
By now it's no secret what is ailing the stock market, and with the world on lockdown, it shouldn't be a surprise. Unfortunately, restaurants are one industry particularly exposed to this disruption. And in particular, Shake Shack (NYSE:SHAK) stock is one that moves fast -- even under normal conditions.Source: JHENG YAO / Shutterstock.com Now, with elevated volatility, SHAK stock is falling 70% from its highs fast.From here I believe Shake Shack is a buy. This may sound like a perma-bull comment, but today I bring an unbiased analysis of the company's fundamentals and technicals.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut with a trailing price-earnings ratio above 70, SHAK stock isn't a value play. But with a history of solid growth, it's important to gauge the company's worth through its sales, not its profitability.And from that perspective it's cheap, because it only sells at 2.5 times revenues. This is in line with restaurant peer Chipotle (NYSE:CMG) and one-third that of McDonald's (NYSE:MCD). Clearly, value is in the eye of the beholder. Don't Bet Against SHAK StockFast-moving momentum stocks are not appropriate for all investors, but this doesn't mean you should bet against them. Those that bet against Amazon (NASDAQ:AMZN) lost a lot of money. * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem SHAK stock has favorable long-term fundamentals. Once we get of lockdown, businesses will start to recover, including Shake Shack. Today, the U.S. House of Representatives is expected to vote on the biggest financial relief package of all time -- $2 trillion is a lot of money to bet against.The coronavirus from China is still spreading, but the panic will ease quickly once experts develop an effective vaccine. But there's an even better reason to bet on SHAK stock here -- its technicals. It is comforting to know that Shake Shack has fallen into a well-consolidated support zone that dates back to its public debut. Start Nibbling on Shake Shack StockSource: Chart by TradingView SHAK stock is a bargain anywhere near $38 per share. As equities try to establish a bottom, it is not too late to start building positions. But because we still have elevated levels of volatility, it is important to be cautious.On the way up, Shake Shack will encounter resistance through $52 per share. The onus is on the bulls to overcome every level that served as a ledge on the way down. The biggest target for bulls is $72. While this would be extremely tough, it reflects 40% of upside from the current share price.There is no one-size-fits-all setup for investors, but the homework is always the same. Avoid making the obvious mistake of chasing shares blindly. That's why I reviewed Shake Shack's fundamentals and technicals, and now I can conclude that going long here is not an obvious mistake. Macroeconomic Help Through These Tough TimesIt is also important to mention that the broader economy will influence SHAK stock. Yesterday we learned that approximately 3.3 million Americans filed for jobless claims last week. And this number -- and other economic reports -- are likely to get uglier.Wall Street has priced in a lot of this ugliness, but investors could panic once again. My thesis is that we have seen the worst of this correct. The S&P 500 could dip a little deeper, but not by much.Moreover, we have political reasons to be optimistic for the stock market. We are heading into an election season, and I am confident the White House will do everything it can to prop up the economy. The proposed $2 trillion stimulus is big enough to create market-carrying momentum that could take us back to all-time highs.Yes, there will be hiccups along the way, but investors will be able to buy the dips in an ascending trend. After a couple of quarters of negative GDP, the recession could quickly end.I cannot end this note without extending my sincerest sympathies to those suffering from the virus. My thoughts remain with you.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem * 5 Bank Stocks to Buy Now Because This Isn't 2008 Again * 12 Stocks to Buy That Are Already Positive The post Shake Shack Stock Took a Grilling, But It Will Sizzle Again appeared first on InvestorPlace.
- Yahoo Finance
Coronavirus is changing consumer behavior and our fast-food brands are ready: Yum! Brands CEO
Yahoo Finance catches up with Yum! Brands CEO David Gibbs to discuss how his business is faring during the coronavirus.
- GuruFocus.com
Why Shake Shack Has Improving Return Prospects
The company could reverse its recent stock decline Continue reading...
- Benzinga
'Dose Of Reality': Shake Shack, GrubHub Execs Offer Business Updates
Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter.Unlike the 9/11 terror attacks, there is no "green light" that signals to the world it's time to go back out and resume life as best as possible, Shake Shack Inc (NYSE: SHAK) founder Danny Meyer said on CNBC Friday morning.Shake Shack: 'Dose Of Reality'There are an estimated 600,000 restaurants across America and one of the overlooked tragedies of the coronavirus crisis is the industry can't fulfill its basic role of helping people get together with others, Meyer said. But more important in the current environment is keeping people healthy now and through the epidemic until the industry can resume operation.Even when the industry can resume as usual from a health standpoint, it could take at least a month for restaurants to either welcome back old workers or train new ones."I'm not complaining about that, I'm just trying to share a dose of reality," he said.Grubhub CEO: 'Very Concerned' About Independents Third-party restaurant delivery company GrubHub Inc (NYSE: GRUB) is "very, very concerned" about independent restaurants across the country, CEO Matt Maloney said on CNBC. A lot of municipalities placed restrictions on how restaurants can operate and Maloney and his team have been lobbying cities to allow restaurants to keep kitchens open for delivery and take-out orders.Independent restaurants forced to shut down for a few months are unlikely to ever re-open, the CEO said.On Grubhub's end, the company is finding it "easier" to recruit drivers to its platform. There are a lot of people willing to earn extra income by delivering food, even in the current environment.In cities where 30% of all restaurants are completely closed, Maloney said Grubhub sees five times more inbound overall orders.Related Links:Domino's CEO Says Pizza Chain Is Mostly Open For Business In USSurveys, Stats Paint Difficult Environment For Restaurant IndustrySee more from Benzinga * GrubHub CEO Talks Potential Coronavirus Impact, Competitive Environment * What The Street Thinks About Shake Shack's Q4 Print, Stock Drop * SunTrust Downgrades Shake Shack Amid Same-Store Sales Concerns(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Yahoo Finance
Papa John's CEO shares how the pizza chain is navigating the coronavirus pandemic
Papa John's CEO Rob Lynch discusses the state of the pizza chain as the coronavirus impacts the country.
- Zacks
Are Options Traders Betting on a Big Move in Shake Shack (SHAK) Stock?
Investors need to pay close attention to Shake Shack (SHAK) stock based on the movements in the options market lately.
- Yahoo Finance
Burger King and Popeye's are not running out of food amidst coronavirus panic: parent company CEO
Restaurant Brands CEO Jose Cil shares what he discussed with President Trump and several other restaurant industry leaders.
- Yahoo Finance
Meet Wendy's secret weapon in growing internationally
In honor of Women's History Month, Yahoo Finance catches up with rockstar Wendy's international leader Abigail Pringle.
- InvestorPlace
5 Top Stock Trades for Tuesday: MSFT, DIA, SHAK, PENN, PLAY
Another volatile session rocked Wall Street on Monday, with stocks going limit down and trading halted just seconds into the session. That said, let's look at a few top stock trades for Tuesday. Top Stock Trades for Tomorrow No. 1: Microsoft (MSFT) Click to Enlarge Source: Chart courtesy of StockCharts.comMicrosoft (NASDAQ:MSFT) shares have been hammered from the highs, but not like some you'll see in a moment. In any regard, shares have slumped over the past month and now sit on a prior breakout level.This level buoyed the stock on Friday, as shares reclaimed the 200-day moving average. On Monday, that moving average is acting as resistance, while $140 is holding as support.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Drowning Energy Stocks to Avoid for Now Below this level, though, and $130 quickly becomes a possibility. If selling pressure amps up, it's unlikely that Microsoft will be able to hold support. If it does, see if the stock can reclaim the 200-day moving average. Above that, and $160 is on the table. Top Stock Trades for Tomorrow No. 2: The Dow (DIA) Click to Enlarge Source: Chart courtesy of StockCharts.comThe Dow Jones is taking the selloff on the chin, with the SPDR Dow Jones ETF (NYSEARCA:DIA) down about 30% from its 52-week highs last month.Last week, the DIA was able to close north of its 200-week moving average thanks to Friday's robust recovery. However, short of that late-day rally into the weekend, this ETF remains deeply concerning.The stock is the most oversold it's been in five years (on a weekly basis), and it's now below the 2018 low. Will it give up all of its gains from this election cycle? Maybe. That would drop the DIA down to about $170.Short of accumulating the DIA for a long-term hold, buying now is akin to catching a falling knife. Reclaiming and holding the 2018 low is step one, followed by a test of the 200-week moving average. Top Stock Trades for Tomorrow No. 3: Shake Shack (SHAK) Click to Enlarge Source: Chart courtesy of StockCharts.comShares of Shake Shack (NYSE:SHAK) are down nearly 70% from the 2019 highs to Monday's low. However, that low comes into play near long-term support between $30 and $31. Below $30, though, and Shake Shack can continue to slide lower.Is Shake Shack the best buy? Not necessarily, but investors who have waited patiently for a long-term position in the name may consider buying with support so close. * 8 Bargain 5G Stocks to Buy Right Now On a rebound, however, see if it can hit $40. Above puts the 200-week moving average near $50 in play. Top Stock Trades for Tomorrow No. 4: Penn National Gaming (PENN) Click to Enlarge Source: Chart courtesy of StockCharts.comPenn National Gaming (NASDAQ:PENN) has been clobbered. The stock is down 78% from its recent high last month. Some of these moves are rarely, if ever, seen in "normal" stocks with a black swan event like we're seeing now.Some investors may be looking to bottom-fish Penn. Maybe it works, but if I'm buying anything now, it's high-quality stocks. Something I know that has staying power even if it's being irrationally sold lower.From a technical perspective, I need to see how Penn handles $12 if and when it rebounds. $12 is the 2016 low and roughly where the 200-month moving average comes into play. Above $12 puts the $15 to $18 range in play, with $20-plus possible above that.On the downside, though, $6 to $7 is possible should the selling pressure keep up. Top Stock Trades for Tomorrow No. 5: Dave & Busters (PLAY) Click to Enlarge Source: Chart courtesy of StockCharts.comDave & Busters (NASDAQ:PLAY) is also taking it on the chin. PLAY stock ended Monday's session down more than 45%. And from its 2020 high, shares are -- gulp -- down 85%.Like Penn, Dave & Busters stock is just a bloodbath right now.At this point, PLAY stock can only go so low, but buyers don't know when it will bottom. Could it fall another 50% to $3.60? Of course it could. It fell 45% today, so anything is possible.On the upside, let's see if PLAY can reclaim $10, triggering a potential upside move to $15-plus. It's closest prior support level is all the way up at $28, almost a four-bagger from current levels.Man, and it's only Monday. Do not take outsized risks in this market.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 7 Drowning Energy Stocks to Avoid for Now * 10 SPAC IPO Stocks to Buy As the Market Enters Bear Territory * How Does the Coronavirus Impact the 5 Biggest U.S. Stocks? The post 5 Top Stock Trades for Tuesday: MSFT, DIA, SHAK, PENN, PLAY appeared first on InvestorPlace.
- TheStreet.com
Shake Shack Switches to To-Go Format in Coronavirus Response
The burger chain Shake Shack will shift to a to-go operating model in all its U.S. company-owned restaurants.
- MarketWatch
Shake Shack shift to 'to-go' only model for time being
Shake Shack Inc. said Monday it will temporarily shift to a "to-go" only model for all of its U.S. company-owned restaurants, as the COVID-19 situation continues to evolve. The burger chain said that over the coming weeks, its restaurants could also be impacted by closures or reduced hours. Separately, the company said it was withdrawing its financial guidaqnce for the year ending December 2020, and will provide an update on its first-quarter earnings calls, which is currently projected to be at the end of April. The stock tumbled 16% toward a 2 1/2-year low in morning trading. It has lost 56% over the past month, while the S&P 500 has dropped 26%.
- Business Wire
Shake Shack Will Temporarily Shift to a "To-Go" Model in All Company-Owned U.S. Restaurants
Shake Shack (NYSE: SHAK), announced that starting today, it will temporarily shift to a "to-go" only operating model in all of its U.S. company-owned restaurants, as the COVID-19 situation continues to rapidly evolve. Guests will be able to place to-go orders in the restaurant, pre-order on shakeshack.com, the Shack App for pickup, or order for delivery through Grubhub and Seamless in all cities, as well as other providers such as Postmates, DoorDash, Caviar and UberEats in certain locales. Out of concern for the well-being of its guests, team members and community, dining rooms will be closed.
- Yahoo Finance
Coronavirus rocks America's restaurants and this chart shows just how bad it has gotten
Restaurants are under siege by the coronavirus.
- MarketWatch
Restaurant stocks at risk of labor shortages and reduced opening hours as coronavirus spreads
Stifel analysts lowered earnings estimates for restaurant companies on Wednesday, amid expectations the coronavirus that causes COVID-19 will create labor shortages and impact opening hours as it continues to spread across the U.S.
- Simply Wall St.
Should You Be Tempted To Sell Shake Shack Inc. (NYSE:SHAK) Because Of Its P/E Ratio?
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll apply a basic...
- Yahoo Finance
Wendy's breakfast sandwiches storm America: Inside the fast-food giant's $1 billion bet
Wendy's has re-entered the breakfast wars. Yahoo Finance goes behind the scenes of the big launch with Wendy's CEO Todd Penegor.
- Yahoo Finance
Papa John's Q4 tops estimates, boosted by strong sales
Papa John's reported a beat on the top and bottom lines during its fourth quarter and same-store sales in the U.S. that exceeded Wall Street estimates.
- Yahoo Finance
Starbucks adds Beyond Meat to its menu across 1,400 Canadian stores
The company said earlier this month to expect a plant-based patty in both the U.S. and Canada this year.
- Thomson Reuters StreetEvents
Edited Transcript of SHAK earnings conference call or presentation 24-Feb-20 10:00pm GMT
Q4 2019 Shake Shack Inc Earnings Call
