Shake Shack Inc. owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 30, 2020, it operated 311 Shacks, including 183 domestic company-operated Shacks, 22 domestic licensed Shacks, and 106 international licensed Shacks. Shake Shack Inc. was founded in 2001 and is headquartered in New York, New York.
IPO Year: 2015
Exchange: NYSE
Website: shakeshack.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/19/2025 | $105.00 | Buy → Hold | TD Cowen |
| 4/9/2025 | $155.00 → $125.00 | Outperform | Oppenheimer |
| 4/1/2025 | $127.00 | Hold → Buy | Loop Capital |
| 3/26/2025 | $95.00 | Equal Weight | Wells Fargo |
| 1/8/2025 | $154.00 | Hold → Buy | Gordon Haskett |
| 1/7/2025 | $125.00 → $159.00 | Equal Weight → Overweight | Barclays |
| 8/19/2024 | $121.00 → $114.00 | Overweight → Neutral | Piper Sandler |
| 7/29/2024 | $95.00 | Overweight | CapitalOne |
| 6/13/2024 | $110.00 | Buy | Goldman |
| 3/22/2024 | $108.00 → $120.00 | Outperform | Oppenheimer |
Shake Shack Inc. ("Shake Shack" or the "Company") (NYSE:SHAK), today announced that Rob Lynch, Chief Executive Officer, and Katherine Fogertey, Chief Financial Officer, will be participating in the following investor conferences: On Thursday, June 5, 2025, the Company will host a fireside chat at Baird's 2025 Global Consumer, Technology & Services Conference. The fireside chat will begin at 9:05 a.m. Eastern Time. On Wednesday, June 11, 2025, the Company will host a virtual fireside chat at Oppenheimer's 25th Annual Consumer Growth & E-Commerce Conference. The virtual fireside chat will begin at 2:15 p.m. Eastern Time. The fireside chats will be webcasted and available on the Comp
Ten Shacks to Open at PENN Casino Locations Nationwide, Expanding Reach of The Brand's Signature Offerings PENN Entertainment, Inc. ("PENN") (NASDAQ:PENN) and Shake Shack Inc. ("Shake Shack") (NYSE:SHAK) today announced a licensing partnership to bring the iconic burger brand to ten of PENN's casino locations throughout the country. The first Shacks are expected to open at Hollywood Casino Toledo, Ohio and River City Casino Hotel in St. Louis, Mo. in 2026, pending customary regulatory approvals. Shake Shack, whose purpose is to Stand For Something Good®, is excited to bring its signature quality, hospitality and elevated dining experience to PENN properties nationwide. In partnership with
Through Partnership with Grupo Attie-Multifood Enterprises, Deal Marks Brand's Entry into Panama It's full steam ahead through Panama for Shake Shack! Shake Shack Inc. ("Shake Shack" or the "Company") (NYSE:SHAK) has partnered with Grupo Attie-Multifood Enterprises to bring the iconic brand to Panama. As part of the deal, the partnership plans to open 12 Shacks across the Panamanian market by 2035, with its first Shack scheduled to open in 2026 - marking an exciting new chapter in the Company's international journey. Shake Shack is proud to partner with Grupo Attie-Multifood Enterprises, a powerhouse Panamanian conglomerate with operations across Panama, Colombia, Chile, and Mexico. They
Total revenue of $320.9 million, up 10.5% versus 2024, including $309.8 million of Shack sales and $11.1 million of Licensing revenue. System-wide sales of $489.4 million, up 10.4% versus 2024. Same-Shack sales up 0.2% versus 2024. Operating income of $2.8 million versus operating income of $0.0 million in 2024. Restaurant-level profit(1) of $64.2 million, or 20.7% of Shack sales. Net income of $4.5 million versus net income of $2.2 million in 2024. Adjusted EBITDA(1) of $40.7 million, up 13.5% versus 2024. Net income attributable to Shake Shack Inc. of $4.2 million, or earnings of $0.10 per diluted share. Adjusted pro forma net income(1) of $6.4 million, or earnings of
Joe & the Juice ("the Company"), an urban juice bar and coffee concept selling freshly prepared juices, coffee, sandwiches and more, today announced that Jeffrey Lawrence, a member of the Company's Board of Directors since April 2024, has been appointed as Chairman of the Board. Thomas Nørøxe, Chief Executive Officer of Joe & the Juice, said, "Jeff's elevation to Chairman of Joe & the Juice reflects how his active participation has made a material difference to the Company's performance and strategy. Over the past year, Joe & the Juice has achieved continued impressive same store sales and revenue growth as we also opened our 400th unit globally. Unit economics remain incredibly strong and
Shake Shack Inc. ("Shake Shack" or the "Company") (NYSE:SHAK), will release first quarter 2025 financial results on May 1, 2025, before the market opens. In conjunction with the earnings release, Shake Shack will host a conference call at 8:00 a.m. ET. Hosting the call will be Rob Lynch, Chief Executive Officer, and Katie Fogertey, Chief Financial Officer. The conference call can be accessed live over the phone by dialing (877) 407-0792, or for international callers by dialing (201) 689-8263. A replay of the call will be available until May 8, 2025 by dialing (844) 512-2921 or for international callers by dialing (412) 317-6671; the passcode is 13752433. The live audio webcast of the conf
Shake Shack Inc. ("Shake Shack" or the "Company") (NYSE:SHAK), today announced that Katherine Fogertey, Chief Financial Officer, and Michael Oriolo, Head of Investor Relations, will be participating in the following investor conferences: On Monday, March 10, 2025, the Company will be speaking with institutional investors at the Loop Capital Virtual Investor Conference. On Thursday, March 13, 2025, the Company will host a fireside chat at the UBS Global Consumer and Retail Conference in New York, NY. The fireside chat will begin at 10:00 a.m. Eastern Time. The fireside chat will be webcasted and available on the Company's Investor Relations website at http://investor.shakeshack.com on
Financial Highlights for the Fourth Quarter 2024: Total revenue of $328.7 million, up 14.8% versus 2023, including $316.6 million of Shack sales and $12.1 million of Licensing revenue. System-wide sales of $500.7 million, up 13.3% versus 2023. Same-Shack sales up 4.3% versus 2023. Operating income of $10.2 million. Restaurant-level profit(1) of $71.9 million, or 22.7% of Shack sales. Net income of $9.3 million. Adjusted EBITDA(1) of $46.7 million. Net income attributable to Shake Shack Inc. of $8.7 million, or earnings of $0.21 per diluted share. Adjusted pro forma net income(1) of $11.6 million, or earnings of $0.26 per fully exchanged and diluted share. Opened 19
Autonomous robot deliveries rolling out in Miami Beach and Brickell via Uber Eats Select Shake Shack and Mister O1 customers may receive their next order from a Serve robot SAN FRANCISCO, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Serve Robotics Inc. (NASDAQ:SERV), a leading autonomous sidewalk delivery company, today announced the launch of its service in the Miami metro area, alongside the expansion of its existing partnership with Shake Shack Inc. ("Shake Shack") (NYSE:SHAK) and new partnership with Mister O1 Extraordinary Pizza ("Mister O1"). Customers who order from select Shake Shack and Mister O1 locations in the Brickell and Miami Beach neighborhoods with Uber Eats, the delivery platform
Shake Shack Inc. ("Shake Shack" or the "Company") (NYSE:SHAK), will release fourth quarter 2024 financial results on February 20, 2025, before the market opens. In conjunction with the earnings release, Shake Shack will host a conference call at 8:00 a.m. ET. Hosting the call will be Rob Lynch, Chief Executive Officer, and Katie Fogertey, Chief Financial Officer. The conference call can be accessed live over the phone by dialing (877) 407-0792, or for international callers by dialing (201) 689-8263. A replay of the call will be available until February 27, 2025 by dialing (844) 512-2921 or for international callers by dialing (412) 317-6671; the passcode is 13750490. The live audio webc
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Company Adds Proven Marketing Leaders to Support Strategic Growth and Innovation Priorities Shake Shack Inc. ("Shake Shack" or the "Company") (NYSE:SHAK) today announced the appointment of Steph So as Chief Growth Officer and Luke DeRouen as Chief Communications Officer, strengthening its leadership team as the company embarks on its next phase of growth. Both will report into Rob Lynch, CEO of Shake Shack, and their roles mark new additions to the Company's leadership structure. Shake Shack's Chief Marketing Officer, Jay Livingston, will move into a special projects role before leaving the organization at the end of March to pursue new opportunities. Steph So, formerly Senior Vice Pres
Mennen to Oversee all Aspects of the Company's Technology and Digital Capabilities Shake Shack Inc. ("Shake Shack" or the "Company") (NYSE:SHAK) today announced the appointment of Justin Mennen as Chief Information and Technology Officer, effective January 13, 2025. Mennen will report to Rob Lynch, CEO of Shake Shack, and will oversee all aspects of technology. "Justin brings a wealth of experience as a technology leader to Shake Shack, along with an impressive track record of driving innovation across industries," said Lynch. "He's joining us at a pivotal time in our growth, and we're confident his expertise will play a key role in elevating our operations and delivering an even better
Sentell Brings Proven Leadership, Operational Innovation and Strong P&L Experience to the Company Shake Shack Inc. ("Shake Shack" or the "Company") (NYSE:SHAK) today announced that it has appointed Stephanie Sentell to the role of Chief Operations Officer, effective July 1, 2024. Stephanie is a seasoned restaurant executive and most recently served as Senior Vice President of Company Operations at Inspire Brands, where she oversaw the operations of more than 1,100 company-owned Arby's restaurants and led 22,000 restaurant team members across the United States. "I have known Stephanie for more than 10 years and she is one of the most dynamic and compassionate leaders that I have ever wor
Joe & the Juice ("the Company"), an urban juice bar and coffee concept selling freshly prepared juices, shakes, sandwiches, and coffee using natural and organic ingredients, today announced that Jeffrey Lawrence, a seasoned foodservice, consumer retail, franchising, and technology industry executive, has joined the Company's Board of Directors. Mr. Lawrence's appointment will support Joe & the Juice as it further accelerates its growth and expansion in international markets. Mr. Lawrence brings more than 25 years of leadership experience in building and franchising digitally enabled foodservice and consumer brands. He previously served in global senior leadership roles at Domino's Pizza (
Xponential Fitness, Inc. (NYSE:XPOF) ("Xponential" or "the Company), the largest global franchisor of health and wellness brands, today announced that Jeffrey Lawrence has been appointed to the Company's Board of Directors, effective April 10, 2024. Mr. Lawrence will serve on the Board's Audit Committee. Mark Grabowski, Chairman of the Board of Xponential, said, "Jeff is an accomplished executive and board member with decades of leadership experience at some of the most well-known consumer brands, including Domino's, FIGS and Shake Shack. In addition to his deep financial acumen and track record of value creation, he brings expertise in executing franchise expansions on a global scale. We
Randy Garutti to support CEO transition and remain as advisor through 2024 Shake Shack Inc. ("Shake Shack" or the "Company") (NYSE:SHAK) today announced that its Board of Directors has appointed Rob Lynch to the role of Chief Executive Officer and board member, effective May 20, 2024. Mr. Lynch currently serves as President and CEO of Papa John's International, Inc. and under his leadership, the Company has achieved record global system-wide sales. Mr. Lynch will succeed Randy Garutti who will continue as the Company's CEO through May 20, 2024, which will also be his final day serving on the Board, before transitioning to an advisor through the end of this year to ensure a smooth transiti
Chapman is the former COO of Panera Bread and International Dairy Queen and the current CEO of Tatte Bakery & Cafe Shake Shack Inc. ("Shake Shack" or the "Company") (NYSE:SHAK) today announced the appointment of Chuck Chapman to its Board of Directors, effective July 24, 2023. "We are delighted to name Chuck to our Board of Directors," stated Randy Garutti, CEO of Shake Shack. "Chuck's proven track record of leadership and operations, spanning so many successful restaurant brands, will be invaluable to the Board and our team. We look forward to his guidance and fervor as we drive Shake Shack forward into the future." "I am honored to join the Board of this industry-leading restaurant
Shake Shack Inc. ("Shake Shack" or the "Company") (NYSE:SHAK) today announced the appointment of Lori George Billingsley to its Board of Directors, effective October 17, 2022. Billingsley has been named to the Nominating & Corporate Governance Committee of the Board. She will become the eleventh member of Shake Shack's Board of Directors, following Tristan Walker's appointment in 2020. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221019005253/en/(Photo: Business Wire) "We are pleased to name Lori to Shake Shack's Board of Directors," said Randy Garutti, Shake Shack CEO. "Looking towards the future of Shake Shack, Lori's breadth
NEW YORK--(BUSINESS WIRE)--Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE:SHAK) today announced that Katherine Fogertey has been appointed to serve as the Company’s Chief Financial Officer, effective June 14, 2021. Katie joins Shake Shack’s executive leadership team and will be responsible for leading financial operations across the Company, including accounting and control, financial planning and analysis, operations finance, investor relations and external reporting. Katie brings to Shake Shack more than 15 years of financial and investment experience, including equity and derivatives research, financial modeling and forecasting, and a deep understanding and focus on the
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TD Cowen downgraded Shake Shack from Buy to Hold and set a new price target of $105.00
Oppenheimer reiterated coverage of Shake Shack with a rating of Outperform and set a new price target of $125.00 from $155.00 previously
Loop Capital upgraded Shake Shack from Hold to Buy and set a new price target of $127.00
Wells Fargo initiated coverage of Shake Shack with a rating of Equal Weight and set a new price target of $95.00
Gordon Haskett upgraded Shake Shack from Hold to Buy and set a new price target of $154.00
Barclays upgraded Shake Shack from Equal Weight to Overweight and set a new price target of $159.00 from $125.00 previously
Piper Sandler downgraded Shake Shack from Overweight to Neutral and set a new price target of $114.00 from $121.00 previously
CapitalOne initiated coverage of Shake Shack with a rating of Overweight and set a new price target of $95.00
Goldman initiated coverage of Shake Shack with a rating of Buy and set a new price target of $110.00
Oppenheimer reiterated coverage of Shake Shack with a rating of Outperform and set a new price target of $120.00 from $108.00 previously
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Total revenue of $320.9 million, up 10.5% versus 2024, including $309.8 million of Shack sales and $11.1 million of Licensing revenue. System-wide sales of $489.4 million, up 10.4% versus 2024. Same-Shack sales up 0.2% versus 2024. Operating income of $2.8 million versus operating income of $0.0 million in 2024. Restaurant-level profit(1) of $64.2 million, or 20.7% of Shack sales. Net income of $4.5 million versus net income of $2.2 million in 2024. Adjusted EBITDA(1) of $40.7 million, up 13.5% versus 2024. Net income attributable to Shake Shack Inc. of $4.2 million, or earnings of $0.10 per diluted share. Adjusted pro forma net income(1) of $6.4 million, or earnings of
Shake Shack Inc. ("Shake Shack" or the "Company") (NYSE:SHAK), will release first quarter 2025 financial results on May 1, 2025, before the market opens. In conjunction with the earnings release, Shake Shack will host a conference call at 8:00 a.m. ET. Hosting the call will be Rob Lynch, Chief Executive Officer, and Katie Fogertey, Chief Financial Officer. The conference call can be accessed live over the phone by dialing (877) 407-0792, or for international callers by dialing (201) 689-8263. A replay of the call will be available until May 8, 2025 by dialing (844) 512-2921 or for international callers by dialing (412) 317-6671; the passcode is 13752433. The live audio webcast of the conf
Financial Highlights for the Fourth Quarter 2024: Total revenue of $328.7 million, up 14.8% versus 2023, including $316.6 million of Shack sales and $12.1 million of Licensing revenue. System-wide sales of $500.7 million, up 13.3% versus 2023. Same-Shack sales up 4.3% versus 2023. Operating income of $10.2 million. Restaurant-level profit(1) of $71.9 million, or 22.7% of Shack sales. Net income of $9.3 million. Adjusted EBITDA(1) of $46.7 million. Net income attributable to Shake Shack Inc. of $8.7 million, or earnings of $0.21 per diluted share. Adjusted pro forma net income(1) of $11.6 million, or earnings of $0.26 per fully exchanged and diluted share. Opened 19
Shake Shack Inc. ("Shake Shack" or the "Company") (NYSE:SHAK), will release fourth quarter 2024 financial results on February 20, 2025, before the market opens. In conjunction with the earnings release, Shake Shack will host a conference call at 8:00 a.m. ET. Hosting the call will be Rob Lynch, Chief Executive Officer, and Katie Fogertey, Chief Financial Officer. The conference call can be accessed live over the phone by dialing (877) 407-0792, or for international callers by dialing (201) 689-8263. A replay of the call will be available until February 27, 2025 by dialing (844) 512-2921 or for international callers by dialing (412) 317-6671; the passcode is 13750490. The live audio webc
Total revenue of $316.9 million, up 14.7% versus 2023, including $304.9 million of Shack sales and $12.0 million of Licensing revenue. System-wide sales of $495.1 million, up 12.8% versus 2023. Same-Shack sales up 4.4% versus 2023. Operating loss of $18.0 million, inclusive of a $29.1 million charge for Impairments, loss on disposal of assets, and Shack closures, versus operating income of $5.7 million in 2023. Restaurant-level profit(1) of $64.2 million, or 21.0% of Shack sales. Net loss of $11.1 million, inclusive of a $29.1 million charge for Impairments, loss on disposal of assets, and Shack closures, versus net income of $8.1 million in 2023. Adjusted EBITDA(1) of $45.8
Shake Shack Inc. ("Shake Shack" or the "Company") (NYSE:SHAK), will release third quarter 2024 financial results on October 30, 2024, before the market opens. In conjunction with the earnings release, Shake Shack will host a conference call at 8:00 a.m. ET. Hosting the call will be Rob Lynch, Chief Executive Officer, and Katie Fogertey, Chief Financial Officer. The conference call can be accessed live over the phone by dialing (877) 407-0792, or for international callers by dialing (201) 689-8263. A replay of the call will be available until November 6, 2024 by dialing (844) 512-2921 or for international callers by dialing (412) 317-6671; the passcode is 13748716. The live audio webcast o
Total revenue of $316.5 million, up 16.4% versus 2023, including $305.5 million of Shack sales and $11.0 million of Licensing revenue. System-wide sales of $483.7 million, up 13.5% versus 2023. Same-Shack sales up 4.0% versus 2023. Operating income of $10.8 million versus $4.7 million in 2023. Restaurant-level profit(1) of $67.1 million, or 22.0% of Shack sales. Net income of $10.4 million versus $7.2 million in 2023. Adjusted EBITDA(1) of $47.2 million, up 27.4% versus 2023. Net income attributable to Shake Shack Inc. of $9.7 million, or earnings of $0.23 per diluted share. Adjusted pro forma net income(1) of $12.1 million, or earnings of $0.27 per fully exchang
Shake Shack Inc. ("Shake Shack" or the "Company") (NYSE:SHAK), will release second quarter 2024 financial results on August 1, 2024, before the market opens. In conjunction with the earnings release, Shake Shack will host a conference call at 8:00 a.m. ET. Hosting the call will be Rob Lynch, Chief Executive Officer, and Katie Fogertey, Chief Financial Officer. The conference call can be accessed live over the phone by dialing (877) 407-0792, or for international callers by dialing (201) 689-8263. A replay of the call will be available until August 8, 2024 by dialing (844) 512-2921 or for international callers by dialing (412) 317-6671; the passcode is 13746900. The live audio webcast of
Total revenue of $290.5 million, up 14.7% versus 2023, including $280.6 million of Shack sales and $9.9 million of Licensing revenue. System-wide sales of $443.3 million, up 12.3% versus 2023. Same-Shack sales up 1.6% versus 2023, with trends improving each month of the quarter. April SSS grew 4.9% year-over-year. Operating income of $0.0 million, versus an operating loss of $3.2 million in 2023. Restaurant-level profit(1) of $54.7 million, or 19.5% of Shack sales. Net income of $2.2 million versus a net loss of $1.6 million in 2023. Adjusted EBITDA(1) of $35.9 million, up 30.2% versus 2023. Net income attributable to Shake Shack Inc. of $2.0 million, or earnings o
Shake Shack Inc. ("Shake Shack" or the "Company") (NYSE:SHAK), will release first quarter 2024 financial results on May 2, 2024, before the market opens. In conjunction with the earnings release, Shake Shack will host a conference call at 8:00 a.m. ET. Hosting the call will be Randy Garutti, Chief Executive Officer, and Katherine Fogertey, Chief Financial Officer. The conference call can be accessed live over the phone by dialing (877) 407-0792, or for international callers by dialing (201) 689-8263. A replay of the call will be available until May 9, 2024 by dialing (844) 512-2921 or for international callers by dialing (412) 317-6671; the passcode is 13745222. The live audio webcast o