How to Buy Shake Shack Stock
Shake Shack Inc
Shake Shack is a restaurant company located in New York, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker SHAK on the NYSE exchange.
Shake Shack stock last closed at $99.99, up 4.81% from the previous day, and has increased 80.94% in one year. It has overperformed other stocks in the Restaurants industry by 0.5 percentage points. Shake Shack stock is currently +89.95% from its 52-week low of $52.64, and -9.84% from its 52-week high of $110.90.
As of Apr 23, 2024, there are 42.31M shares of SHAK outstanding. The market capitalization of SHAK is $4.23B. In the last 24 hours, 683,589 SHAK shares were traded.
How to Buy Shake Shack Stock
Not sure how to invest in Shake Shack stock? Here's how.
- Decide where to buy Shake Shack stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you figure out where to buy Shake Shack stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your investment account: Pick your payment method and add your details.
- Evaluate Shake Shack stock: The Shake Shack ticker symbol is SHAK. Is Shake Shack stock a good investment? Should you buy shares of SHAK? How do SHAK's underlying business fundamentals look? Do top analysts think Shake Shack is a good buy? Why has SHAK's stock price moved recently? (Hint: Our stock market research tools can help you decide if SHAK is a good stock to buy).
- Place your SHAK buy order: Decide if you will purchase SHAK shares at the current market price or use a limit order to purchase SHAK stock at a specific price.
- Get the latest scoop on your investment in SHAK: Create a watchlist to monitor your investment in Shake Shack stock.
Step 1: Decide where to buy Shake Shack stock
You need a brokerage account to access the NYSE market and buy SHAK shares.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal info so you can invest in SHAK stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to create your new brokerage account.
- Send your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have filled out your info on our top ranked stock trading app, your next step is to transfer the money for your investment:
Check out the tutorial below if you need help depositing funds into your investment account.
Step 4: Evaluate Shake Shack stock
After you have identified the best place to buy Shake Shack stock, it's important to evaluate their stock before you buy, so you truly comprehend the risk as well as the opportunity.
Overview of key SHAK info
Shake Shack Zen Score
WallStreetZen was created to help part-time investors perform better fundamental analysis.
You can see all of the due diligence checks on SHAK's stock page.
Is SHAK stock undervalued?
You can use many financial metrics, analyses, models, and charts to gauge SHAK's fair value.
Using relative valuations methods:
- SHAK could be overvalued based on its P/E ratio of 196.06x, relative to Restaurants industry P/E ratio of 45.77x
- SHAK may be undervalued based on its P/B ratio of 9.54x, relative to Restaurants industry P/B ratio of -408.93x
You can access more valuation research on SHAK's stock here.
SHAK Financial Health Summary
Positive Financial Indicators:
- SHAK profit margin has gone up from -2.4% to 1.9% in the past year.
- There are more short-term assets than short-term liabilities on the SHAK balance sheet.
- SHAK has $293.21M in cash and short term investments. This is enough to cover its annual cash burn of $14.03M.
- SHAK has cash burn of 14028000. It has sufficient cash and short-term investments to cover this for at least one year.
Negative Financial Indicators:
- SHAK has a relatively high debt to equity ratio of 2.56.
- Total SHAK debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the SHAK balance sheet.
Do Wall Street analysts think it's a good time to buy Shake Shack stock
Out of 13 sell side analysts who give recommendations on SHAK, the consensus analyst rating on SHAK is a Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Latest SHAK Analyst Upgrades/Downgrades
John Ivankoe, a top 9% analyst from JP Morgan maintains SHAK with a strong sell rating and raises their SHAK price target from $65.00 to $100.00, on Mar 4, 2024.
Dennis Geiger, a top 9% analyst from UBS maintains SHAK with a hold rating and raises their SHAK price target from $88.00 to $110.00, on Feb 16, 2024.
Brian Vaccaro, a top 1% analyst from Raymond James maintains SHAK with a strong buy rating and raises their SHAK price target from $90.00 to $115.00, on Feb 16, 2024.
Michael Tamas, a top 40% analyst from Oppenheimer maintains SHAK with a buy rating and raises their SHAK price target from $80.00 to $108.00, on Feb 16, 2024.
Nick Setyan, a top 13% analyst from Wedbush maintains SHAK with a hold rating and raises their SHAK price target from $80.00 to $100.00, on Feb 16, 2024.
You can dive deeper into what analysts are projecting on the Shake Shack stock forecast page.
SHAK Trading Indicators
SHAK Growth Metrics
Last year, SHAK earnings were $20.26M. During the past 5 year, SHAK's earnings have increased by -1.14% per year. This was slower than the Restaurants industry average of 15.87%.
Last year, SHAK revenue was $1.09B. Over the last 5 year, SHAK's revenue has increased by 18.81% per year. This was faster than the Restaurants industry average of 8.78%.
You can research SHAK's earnings and revenue performance here.
Are SHAK executives and large shareholders buying or selling the stock?
Over the past 12 months, executives and large shareholders at SHAK have sold more shares than they have bought.
Jeffrey Flug, Director of SHAK, was the latest SHAK insider to sell. They sold $31,314.43 worth of SHAK stock on Apr 4, 2024.
Dig into more about who owns SHAK stock here.
Can I rely on SHAK as an income stream?
No, Shake Shack doesn't provide an income stream by paying out dividends.
Get opinions from other traders
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your SHAK buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally fine for most investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific price limit, use a limit order.
Hit the Open button and eToro will execute the order.
If you require additional help investing in stocks on eToro, click the helpful video below:
Step 6: Get the latest scoop on your investment in SHAK
Now that you own some SHAK shares, you'll want to stay up-to-date on your new stock purchase.
Add SHAK to a watchlist to get alerted to the latest events about your SHAK stock.
SHAK Feed
How to Buy Stock in Shake Shack
To summarize, here are the 6 steps to buy stock in Shake Shack:
- Decide where to buy Shake Shack stock
- Create a brokerage account
- Fund your investment account
- Evaluate Shake Shack stock
- Place your SHAK buy order
- Get the latest scoop on your investment in SHAK
If you require a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to track your investment in Shake Shack, add SHAK to your watchlist below.
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