Shake Shack Stock Forecast

Stock Price Forecast

The 18 analysts with 12-month price forecasts for Shake Shack stock have an average target of 101.56, with a low estimate of 60 and a high estimate of 125. The average target predicts an increase of 20.25% from the current stock price of 84.46.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$60	$101.56	$108	$125
Change	-28.96%	+20.25%	+27.87%	+48.00%

Analyst Ratings

The average analyst rating for Shake Shack stock from 18 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	4	4	5	5	6	6
Buy	2	4	3	3	2	2
Hold	10	9	9	9	9	9
Sell	0	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	16	18	18	18	18	18

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Nick Setyan Wedbush	Wedbush	Hold Maintains $110 → $90	Hold	Maintains	$110 → $90	+6.56%	Jul 19, 2024
Sara Senatore B of A Securities	B of A Securities	Hold Maintains $116 → $96	Hold	Maintains	$116 → $96	+13.66%	Jul 17, 2024
Brian Harbour Morgan Stanley	Morgan Stanley	Hold Maintains $108 → $100	Hold	Maintains	$108 → $100	+18.40%	Jul 16, 2024
Jake Bartlett Truist Securities	Truist Securities	Strong Buy Maintains $124 → $125	Strong Buy	Maintains	$124 → $125	+48.00%	Jul 1, 2024
Andrew Charles TD Cowen	TD Cowen	Strong Buy Reiterates $125	Strong Buy	Reiterates	$125	+48.00%	Jun 17, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

1.28B

from 1.09B

17.24%

from 1.09B

Revenue Next Year

1.47B

from 1.28B

15.06%

from 1.28B

EPS This Year

0.76

from 0.48

57.58%

from 0.48

EPS Next Year

1.03

from 0.76

36.70%

from 0.76

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	594.52M	522.87M	739.89M	900.49M	1.09B	1.28B	1.47B	1.67B	1.89B	2.15B
Revenue Growth	29.44%	-12.05%	41.51%	21.70%	20.77%	17.24%	15.06%	13.57%	13.57%	13.42%
EPS	0.61	-1.14	-0.12	-0.54	0.48	0.76	1.03	1.34	2.12	2.69
EPS Growth	17.31%	-	-	-	-	57.58%	36.70%	29.49%	58.46%	26.92%
Forward PE	-	-	-	-	-	111.67	81.68	63.08	39.81	31.37
No. Analysts	-	-	-	-	-	24	24	12	3	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	1.3B	1.5B	1.8B	1.9B	2.2B
Avg	1.3B	1.5B	1.7B	1.9B	2.1B
Low	1.2B	1.3B	1.6B	1.8B	2.0B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	21.8%	21.3%	20.1%	16.9%	18.2%
Avg	17.2%	15.1%	13.6%	13.6%	13.4%
Low	11.0%	5.2%	6.2%	9.1%	7.6%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	0.88	1.30	1.68	2.18	2.77
Avg	0.76	1.03	1.34	2.12	2.69
Low	0.64	0.79	1.04	2.04	2.59

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	83.8%	72.1%	62.5%	63.1%	30.7%
Avg	57.6%	36.7%	29.5%	58.5%	26.9%
Low	32.7%	4.4%	0.5%	52.2%	21.9%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.