For its second fiscal quarter (ending June 30), Shake Shack Inc (NYSE: SHAK) has reported E.P.S. of $0.24 compared to $0.18 a year ago. E.P.S. were $0.67 for the latest four quarters through June 30 versus $-0.11 for the same period a year ago.
Recent Price Action
Shake Shack Inc (NYSE: SHAK) stock closed at $102.41 on 8/1/24 after a major increase of 16.9%. Moreover, this advance was accompanied by exceptionally high trading volume at 431% of normal. The stock has risen 29.4% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
SHAK is expected to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Shake Shack has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Shake Shack has a very low Appreciation Score of 10 but a good Power Rating of 85, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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