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Shake Shack Inc

Shake Shack Inc

SHAK
$58.00USD↓-2.08%-1.23 today

MARKET CAP

2.5B

P/E (TTM)

49.6x

FWD P/E

38.7x

DAY RANGE

$58 – $60

52W RANGE

$52
$142

AI Summary

Stalk
StalkMedium

SHAK is in an early Stage 1 consolidation with mean-reversion eligibility, granting a medium-term bullish bias. A mid-July Momentum Breakout signals demand, but price is currently extended above the rising short-term EMAs with neutral OB/OS, so deferred entry is preferred on a pullback into the EMA zone or consolidation support.

  • ↑Q1'26 revenue of $366.7M rose 14.3% YoY with 4.6% same-shack growth
  • ↑Planning 60–65 new company-operated shacks in 2026 to under-penetrated markets
  • ↓Adjusted EBITDA declined 9.3% YoY due to rising labor and input costs
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The case for & against

Bull & Bear analysis

Bullish

Shake Shack Inc. (NYSE: SHAK) is a premium fast-casual restaurant chain known for its high-quality burgers, fries, and shakes. The company operates both company-owned and licensed shacks, focusing on culinary innovation, operational excellence, and an exceptional guest experience. Shake Shack aims to expand its footprint strategically while navigating competitive pressures in the fast-casual dining sector, maintaining a distinctive value proposition through quality and unique menu offerings.

Bull says

  • ↑Q1'26 revenue of $366.7M rose 14.3% YoY with 4.6% same-shack growth
  • ↑Planning 60–65 new company-operated shacks in 2026 to under-penetrated markets
  • ↑Digital sales mix hit 39.9%, and digital channel entrance rate rose 35%
  • ↑Operating cash flow of $65M and ample liquidity support expansion
  • ↑Restaurant-level margin improved to 21.2%, reflecting operational efficiency gains
  • ↑Menu innovation—like the Baby Back Rib Sandwich—drives traffic growth

Bear says

  • ↓Adjusted EBITDA declined 9.3% YoY due to rising labor and input costs
  • ↓Negative earnings yield and dividend yield signal weak investor returns
  • ↓Elevated leverage increases financial risk in a tightening economic environment
  • ↓Adjusted EBITDA guidance of $230–245M reflects cautious stance amid volatility
  • ↓Value-oriented competitors pressure pricing and customer traffic
  • ↓Loyalty program success is uncertain, risking lower guest frequency

Investment themes with SHAK

Restaurants↑ +0.38%

Exposure to casual and fine dining venue operators

MCD · SBUX · YUM
Most Shorted Stocks↑ +0.54%

Stocks with highest short interest

LITE · FSLY · SPHR

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-08-2026neutral

Transcript signals

Bull points

  • Our first quarter results showed the resilience of our business in the face of a challenging macro environment and inclement weather. The quarter marks our 21st consecutive quarter of positive same-shack sales growth alongside continued year-over-year restaurant-level margin expansion.
  • First quarter total revenue reached $366.7 million, up 14.3% year-over-year, supported by the opening of 17 new company-operated shacks and five new licensed shacks, leading to 14.1% year-over-year growth in system-wide sales.
  • First quarter restaurant-level profit was $75.1 million, or 21.2% of shack sales, expanding 50 basis points versus last year. Strong benefits from our labor management strategies alongside procurement-driven cost improvements and other items in our commodity basket helped offset higher beef costs and demonstrate our ability to sustain profitability despite beef headwinds.

Bear points

  • Sales growth was partially offset by the ongoing conflict in the Middle East, where we had temporary closures in 17 licensed shacks in Q1, with three locations at airports and a transit center remaining closed from the onset of the conflict through the end of the quarter.
  • Adjusted EBITDA of $37 million, or 10.1% of total revenue, declined 9.3% year over year, resulting from sales underperformance due to weather and macroeconomic factors, alongside strategic investments to support our multi-year growth plans.
  • April AWS was $75,000, down 2.6% year-over-year, and same-shack sales decreased by 0.6%. The month's same-shack sales were negatively impacted by approximately 200 basis points, largely due to the shift of Easter weekend spring breaks into March this year compared to last.
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