OakChart

Shake Shack Inc

SHAKConsumer Cyclical·Restaurants·USA·Mid·NYSE·Nov 11 • 3:59 PM ET

75.04-0.86 (-1.13%)
2026-11-12 02:32 CET
Market cap
3,066.97 USD m
Revenue, TTM
1,608.16 USD m
Net income, TTM
43.71 USD m
Free cash flow, TTM
-22.39 USD m
EPS diluted, TTM
1.04
P/E
71.91
Compare

Price

SHAK against its 20, 50 and 200-day averages
2050200beat
60.0080.00100.004.5M9.0MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26SHAKclose 75.0420-day 70.3050-day 65.48200-day 74.2075.0452w low

30.2% under the 52-week high of 107.46 on 26 Feb 2026. 52-week low 51.60 on 8 Jun 2026. Last 15 sessions, 23.8% high to low

Volume 0.51× normal · the line is the 50-bar volume average

Profile

SHAK
52-week range, 42% of the way up
51.60107.46

Shake Shack, Inc. engages in the operation and licensing of Shake Shack restaurants which serve burgers, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and related products. The company was founded by Daniel Harris Meyer on September 23, 2014 and is headquartered in New York, NY.

IndexRUT
Employees13873
IPOJan 30, 2015
Beta1.75
ATR, 14d3.52
Rel volume0.51
Short float10.49%
Insider own4.81%
Inst own91.50%

Snapshot

6 groups

Valuation

IndexRUT
Market Cap3.21B
Enterprise Value3.90B
Income43.71M
Sales1.61B
Book/sh13.95
Cash/sh7.45
Dividend Est.-
Dividend TTM-
Dividend Ex-Date-
Dividend Gr. 3/5Y- -
Payout0.00%
Employees13873
IPOJan 30, 2015

Ratios

P/E71.91
Forward P/E52.16
PEG4.63
P/S2.00
P/B5.38
P/C10.07
P/FCF-
EV/EBITDA18.46
EV/Sales2.42
Quick Ratio1.69
Current Ratio1.72
Debt/Eq1.73
LT Debt/Eq1.59
Option/ShortYes / Yes

Earnings

EPS (ttm)1.04
EPS next Y1.44
EPS next Q0.39
EPS this Y-7.68%
EPS next Y18.05%
EPS next 5Y11.27%
EPS past 3/5Y- -
Sales past 3/5Y17.08% 22.55%
EPS Y/Y TTM2.18%
Sales Y/Y TTM17.09%
EPS Q/Q31.79%
Sales Q/Q15.20%
EarningsNov 05 BMO
EPS/Sales Surpr.16.69% -0.73%

Ownership

Insider Own4.81%
Insider Trans2.62%
Inst Own91.50%
Inst Trans-13.49%
ROA2.29%
ROE8.15%
ROIC2.99%
Gross Margin17.62%
Oper. Margin5.60%
Profit Margin2.72%
SMA206.75%
SMA5014.61%
SMA2001.14%
Trades-

Technical

Shs Outstand40.42M
Shs Float38.46M
Short Float10.49%
Short Ratio3.08
Short Interest4.04M
52W High107.46 -30.17%
52W Low51.60 45.43%
Volatility6.71% 4.85%
ATR (14)3.52
RSI (14)60.98
Beta1.75
Rel Volume0.51
Avg Volume1.31M
Volume662,420

Performance

Perf Week3.05%
Perf Month5.60%
Perf Quarter1.90%
Perf Half Y17.42%
Perf YTD-7.55%
Perf Year-18.74%
Perf 3Y36.36%
Perf 5Y-10.52%
Perf 10Y98.99%
Recom2.07
Target Price83.52
Prev Close75.90
Price75.04
Change %-1.13%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Sep 16, 2026InitiatedSSeaport Research PartnersNeutral
Sep 08, 2026InitiatedRRBC Capital MktsOutperform$89+18.6%
Jun 03, 2026DowngradeRRaymond JamesStrong Buy → Outperform$85+13.3%
Jun 03, 2026DowngradeMMorgan StanleyOverweight → Equal-Weight$76+1.3%
May 27, 2026ReiteratedTTD CowenHold$76 → $70-6.7%
May 08, 2026UpgradeSStifelHold → Buy$85+13.3%
Apr 24, 2026InitiatedGGuggenheimBuy$120+59.9%
Apr 10, 2026UpgradeMMizuhoNeutral → Outperform$120+59.9%
Mar 31, 2026UpgradeBBofA SecuritiesUnderperform → Neutral$101+34.6%
Mar 30, 2026InitiatedBBNP Paribas ExaneOutperform$124+65.2%

Peers

Mkt cap
TickerCompanyMkt cap
CAVACava Group Inc6.99B
WINGWingstop Inc4.51B
WENWendy's Co1.59B
SGSweetgreen Inc1.53B
CMGChipotle Mexican Grill46.35B
PTLOPortillos Inc538.43M
MCDMcDonald's Corp193.95B
JACKJack In The Box Inc278.29M
QSRRestaurant Brands International Inc34.59B
RRGBRed Robin Gourmet Burgers Inc170.32M

Insider trading

latest 14 of 15
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Silverman JoshDirectorMay 15 '26Buy60.388,290500,5258,290May 18 04:59 PM
Flug JeffreyDirectorMay 15 '26Buy61.301,00061,2965,470May 18 04:59 PM
Chapman Charles J IIIDirectorMay 15 '26Buy61.362,000122,7261,000May 18 04:59 PM
Balbale SumaiyaDirectorMay 15 '26Buy61.424,068249,86613,407May 18 04:58 PM
Lynch RobertChief Executive OfficerMay 15 '26Buy60.395,000301,94077,845May 18 04:58 PM
Meyer Daniel HarrisDirectorMay 15 '26Buy61.8832,2581,996,215378,670May 18 04:57 PM
Sentell Stephanie AnnChief Operations OfficerApr 15 '26Sale102.2125826,37015,084Apr 17 04:16 PM
Sentell Stephanie AnnOfficerApr 15 '26Proposed Sale102.2125826,370Apr 15 04:42 PM
Sentell Stephanie AnnChief Operations OfficerMar 06 '26Sale93.6022521,06015,342Mar 10 04:22 PM
Sentell Stephanie AnnOfficerMar 06 '26Proposed Sale87.7922519,753Mar 06 04:08 PM
Sentell Stephanie AnnChief Operations OfficerJan 20 '26Sale99.1920019,8389,507Jan 22 05:46 PM
Meyer Daniel HarrisDirectorJan 07 '26Option Exercise34.622,00369,34413,322Jan 09 06:30 PM
Sentell Stephanie AnnChief Operations OfficerDec 19 '25Sale85.7820017,1569,707Dec 22 04:56 PM
Sentell Stephanie AnnChief Operations OfficerNov 25 '25Sale85.141,10093,6579,907Nov 26 04:17 PM

Held by

AUM
TickerCompanyAUM
IJRiShares Core S&P Small-Cap ETFAUM: 106.27B
IWMiShares Russell 2000 Index FundAUM: 77.38B
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VBVanguard Morningstar Small-Cap ETFAUM: 79.59B
IWOiShares Russell 2000 Growth ETFAUM: 14.06B
VBKVanguard Morningstar Small-Cap Growth ETFAUM: 22.34B
SPSMState Street SPDR Portfolio S&P 600TM Small Cap ETFAUM: 16.06B
IJTiShares S&P Small-Cap 600 Growth ETFAUM: 7.45B
VXFVanguard Extended Market Index ETFAUM: 30.47B
DFASU.S. Small Cap Portfolio-ETF Class SharesAUM: 15.51B

News

latest 14 of 100

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-050.4000.3430.390423.27426.4125
2026Q22026-08-050.4300.3060.375417.62417.1824
2026Q12026-05-07-0.0020.123-0.007366.74372.4326
2025Q42026-02-260.3700.3440.283400.53400.8824
2025Q32025-10-300.3600.3200.299367.41364.6523
2025Q22025-07-310.4400.3750.410356.47354.122
2025Q12025-05-010.1400.1620.101320.9327.5720
2024Q42025-02-200.2600.2480.208328.68328.7721
2024Q32024-10-300.2500.194-0.255316.92316.0321
2024Q22024-08-010.2700.2680.233316.5314.3722
2024Q12024-05-020.1300.0990.049290.529121
2023Q42024-02-150.0200.0070.154286.24280.2420
2023Q32023-11-020.1700.0950.185276.21275.8120
2023Q22023-08-030.1800.1090.158271.81274.3918
2023Q12023-05-04-0.010-0.087-0.039253.3245.8416
2022Q42023-02-16-0.060-0.108-0.273238.53238.519

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY0.7200.6560.615594.52595.99
2020FY-0.560-0.663-1.135522.87522.9
2021FY-0.060-0.127-0.221739.89739.9
2022FY-0.310-0.362-0.541900.49900.5
2023FY0.3700.3500.4621,0881,081
2024FY0.9200.8940.2311,2531,253
2025FY1.3201.2901.0901,4451,446
2026FY-1.219--1,650
2027FY-1.439--1,893
2028FY-1.819--2,156
2029FY-1.968--2,468
2030FY-2.395--2,792

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-0924122442.32428.66462
2026Q4S2026-11-0624112442.09428.66462
2026Q4S2026-11-0524103441.68428.66462
2026Q4S2026-10-292413438.2418.5462
2026Q4S2026-10-262412438.56418.5462
2026Q4S2026-10-232411438.83418.5462
2026Q4S2026-10-212411438.87418.5462
2026Q4S2026-10-202401438.6414.2462
2026Q4S2026-10-192401438.51414.2462
2026Q4S2026-10-142411438.42414.2462
2026Q4S2026-09-282310438.52414.2462
2026Q4S2026-09-272310438.55414.2462
2026Q4S2026-09-242311438.55414.2462
2026Q4S2026-09-182421438.44414.2462

Estimate history

EPS, annual-0.010.520.615-1.135-0.221-0.5410.4620.2311.0931.0435
Period201720182019202020212022202320242025TTM
EPS, quarterly-0.2550.2080.1010.410.2990.283-0.0070.3750.393
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual358.81459.31594.519522.867739.893900.4861087.5331252.6081445.3061608.16
Period201720182019202020212022202320242025TTM
Sales, quarterly316.924328.684320.898356.466367.411400.531366.737417.618423.273
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual26.52729.52134.41738.71839.14239.28539.47440.06840.25440.415
Period201720182019202020212022202320242025MRQ
Shares, quarterly40.02740.06840.22240.24440.25340.25440.3540.3740.415
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue1,608.161,445.311,252.611,087.53900.49739.89522.87594.52459.31
Cost of Goods Sold Incl. D&A1,324.831,185.501,054.75931.63791.40656.07485.21487.31361.68
Gross Profit283.33259.80197.86155.90109.0983.8237.66107.2197.63
Selling, General and Administrative Excl. Other193.33173.67146.91127.74118.5184.7562.8165.3452.72
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income90.0086.1450.9528.16-9.42-0.93-25.1441.8744.91
Interest Expense2.212.162.041.721.521.580.810.432.42
Unusual Expense3.131.360.000.000.260.287.70-0.190.06
Net Income Before Taxes67.2772.6114.2416.98-24.29-17.34-45.4827.5130.81
Income Taxes19.9122.903.42-4.01-1.18-7.220.063.398.86
Consolidated Net Income47.3549.7110.8220.99-23.11-10.11-45.5324.1321.95
Net Income From Continuing Operations43.7145.7310.2120.26-21.23-8.65-42.1619.8315.18
Net Income43.7145.7310.2120.26-21.23-8.65-42.1619.8315.18
EPS (Recurring)1.101.120.230.46-0.54-0.22-0.990.610.52
EPS (Basic, Before Extraordinaries)1.081.140.260.51-0.54-0.22-1.140.630.54
EPS (Diluted)1.041.090.230.46-0.54-0.22-1.140.610.52
EBITDA211.05194.92155.56121.2064.8859.3125.1082.5873.91
Non-Operating Income (Expense)-17.39-10.01-34.66-9.46-13.09-14.55-11.81-14.12-11.62
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense16.4519.0115.5211.4512.948.485.367.325.97
Price To Earnings Ratio72.7472.74715.942,353.02---94.9586.42
Price To Sales Ratio1.532.354.663.071.853.706.033.252.75
Gross Margin17.6217.9815.8014.3412.1111.337.2018.0321.26
Operating Margin5.605.964.072.59-1.05-0.13-4.817.049.78
Net Margin2.723.160.811.86-2.36-1.17-8.063.333.30
Shares Outstanding40.4240.2540.0739.4739.2839.1438.7234.4229.52
Market Capitalization3,066.973,066.975,195.562,925.361,631.292,824.343,249.582,010.591,334.03

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue423.27417.62366.74400.53367.41356.47320.90328.68
Cost of Goods Sold Incl. D&A349.51342.02308.54324.75299.86288.14272.75271.11
Gross Profit73.7675.6058.2075.7867.5568.3248.1557.58
Selling, General and Administrative Excl. Other44.6746.6751.9750.0343.8740.1140.0340.54
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income29.0928.936.2325.7523.6828.218.1217.04
Interest Expense0.570.550.550.540.500.550.560.51
Unusual Expense0.031.971.130.00-0.040.330.000.00
Net Income Before Taxes23.3722.80-0.4421.5421.1524.685.2512.94
Income Taxes5.615.91-0.148.547.446.190.743.61
Consolidated Net Income17.7716.88-0.2913.0013.7118.484.519.33
Net Income From Continuing Operations16.4915.68-0.2911.8312.5017.154.258.71
Net Income16.4915.68-0.2911.8312.5017.154.258.71
EPS (Recurring)0.390.410.010.280.300.420.100.21
EPS (Basic, Before Extraordinaries)0.410.39-0.010.290.310.430.110.22
EPS (Diluted)0.390.37-0.010.280.300.410.100.21
EBITDA62.3160.1835.8752.6951.2755.3135.2743.41
Non-Operating Income (Expense)-5.12-3.61-4.99-3.67-2.08-2.66-2.30-3.59
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense3.953.104.085.334.295.094.454.38
Price To Earnings Ratio71.9156.9280.9679.73201.62489.38374.71715.94
Price To Sales Ratio1.531.532.452.352.904.233.054.41
Gross Margin17.4318.1015.8718.9218.3919.1715.0117.52
Operating Margin6.876.931.706.436.457.912.535.18
Net Margin3.893.75-0.082.953.404.811.322.65
Shares Outstanding40.4240.3740.3540.2540.2540.2440.2240.07
Market Capitalization3,032.222,260.453,561.603,267.383,767.605,655.173,534.045,195.56

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments360.12320.71293.21311.23382.41183.7673.6186.8684.54
Short Term Receivables32.9619.6916.8513.8813.669.469.9710.565.66
Inventories7.186.015.404.183.852.892.221.751.26
Other Current Assets30.0821.8018.9714.709.767.071.881.951.74
Total Current Assets430.35368.22334.43343.99409.68203.1987.67101.1293.20
Net Property, Plant & Equipment1,133.10976.21929.29834.52736.66642.86589.29261.85187.09
Total Investments and Advances0.000.000.000.000.000.000.000.000.00
Long-Term Note Receivable--------0.00
Intangible Assets2.042.041.901.841.461.441.441.160.89
Deferred Tax Assets328.27346.40330.66321.27301.87290.16284.36243.97186.59
Other Assets8.348.9214.0213.9811.1010.8610.053.873.50
Total Assets1,902.091,701.781,610.311,515.601,460.771,148.50972.81611.97471.28
Short Term Debt Incl. Current Port. of LT Debt69.5159.8352.4444.7838.2337.6631.880.000.00
Accounts Payable24.7523.6122.2720.4119.9523.4914.3012.478.21
Income Tax Payable--------1.81
Other Current Liabilities150.66103.8889.3682.5363.3248.5653.2247.4824.00
Total Current Liabilities244.92187.31164.07147.72121.50109.7099.3959.9534.02
Long Term Debt832.61749.80718.89675.73647.96347.32308.5620.8514.52
Provision for Risks Charges0.000.000.000.000.000.000.000.000.00
Deferred Tax Liabilities5.884.814.453.653.203.154.541.440.67
Other Liabilities264.93266.23253.53251.67252.51253.83238.33256.28197.59
Total Liabilities1,348.341,208.161,140.941,078.761,025.17714.01650.82338.51246.80
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity525.33470.02443.42412.20409.54407.32298.82226.07169.49
Total Shareholders Equity525.33470.02443.42412.20409.54407.32298.82226.07169.49
Accumulated Minority Interest28.4223.6125.9524.6326.0627.1723.1747.3854.99
Total Equity553.75493.63469.37436.84435.60434.49321.99273.45224.48
Total Liabilities & Stockholders Equity1,902.091,701.781,610.311,515.601,460.771,148.50972.81611.97471.28
Book Value Per Share13.0511.7311.2310.4910.4610.528.687.666.39
Tangible Book Value Per Share13.0011.6811.1810.4510.4310.488.647.626.36
Full-Time Employees13,87312,82612,19611,7049,6957,4297,6036,1014,440
Price to Book Ratio5.4411.397.034.046.908.066.865.936.39
Return on Assets2.540.621.30-1.43-0.66-3.972.502.80-0.06
Return on Equity9.192.234.83-5.17-2.12-11.947.557.67-0.20
Return on Invested Capital3.370.841.74-1.95-0.82-5.593.266.15-0.17
Quick Ratio1.731.932.012.303.341.830.861.662.70
Current Ratio1.761.972.042.333.371.850.881.692.74

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income47.3549.7110.8220.99-23.11-10.11-45.5324.1321.95
Depreciation121.05108.79104.61160.82133.1060.2450.2440.7029.00
Other Funds (Non Cash)125.88114.69126.2217.3617.1762.7262.5448.267.74
Funds from Operations309.13289.80240.59190.09122.15102.4765.89107.0259.48
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-109.96-67.45-69.44-57.95-45.41-44.06-28.61-17.4525.92
Cash from Operating Activities199.17222.35171.16132.1476.7458.4037.2989.5785.39
Capital Expenditures-221.56-165.85-135.50-146.17-142.56-101.50-69.04-106.51-87.53
Net Assets From Acquisitions0.000.000.000.000.000.000.000.00-
Sale of Fixed Assets and Businesses0.000.000.000.000.000.000.000.00-
Purchase or Sale of Investments0.000.0069.4213.85-0.86-43.40-0.3625.820.92
Purchase of Investments0.000.000.00-94.71-0.86-47.40-20.36-1.18-1.22
Sale Or Maturity of Investments0.000.0069.42108.560.004.0020.0027.002.14
Other Uses0.000.000.000.000.000.000.000.000.00
Other Sources0.000.000.000.000.000.000.000.000.00
Cash from Investing Activities-221.56-165.85-66.08-132.32-143.42-144.89-69.40-80.69-86.60
Cash Dividends Paid0.000.000.000.000.000.000.000.000.00
Change in Capital Stock0.070.121.630.740.426.73153.039.204.52
Repurchase of Common Pref Stock0.000.000.000.000.000.000.000.000.00
Sale of Common Pref Stock0.070.121.630.740.426.73153.039.204.52
Proceedsfrom Stock Options0.000.000.010.000.000.09145.000.00-0.95
Issuance or Reduction of Debt, Net-6.50-5.51-3.96-3.27-2.97239.81-2.21-1.930.68
Change in Long Term Debt-6.50-5.51-3.96-3.27-2.97239.81-2.21-1.930.68
Issuance of Long Term Debt0.000.000.000.000.00242.5150.000.001.38
Reduction of Long Term Debt-6.50-5.51-3.96-3.27-2.97-2.69-52.21-1.93-0.70
Net Financing Active Other Cash Flow-9.93-11.70-6.68-3.16-2.65-4.52-8.94-3.81-0.75
Other Financing Activities Uses-9.93-11.70-6.68-3.16-2.65-4.52-8.94-3.81-0.75
Cash from Financing Activities-16.36-17.10-9.02-5.68-5.20242.02141.883.464.45
Exchange Rate Effect-0.010.000.00-0.00-0.00----
Net Change in Cash-38.7539.4196.06-5.87-71.89155.53109.7712.353.24
Free Cash Flow-22.3956.5135.66-14.03-65.82-43.09-31.75-16.94-2.13
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow-60.11163.68------
Deferred Taxes & Investment Tax Credit-16.62-1.05-9.07-5.01-10.38-1.36-6.060.79

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments319.00307.96313.65360.12357.76336.80
Short Term Receivables51.6753.7547.7832.9637.5336.81
Inventories7.567.366.617.186.316.03
Other Current Assets19.1424.6825.8330.0813.1711.20
Total Current Assets397.37393.76393.87430.35414.78390.84
Net Property, Plant & Equipment1,264.351,224.991,188.481,133.101,066.181,030.90
Total Investments and Advances0.000.000.000.000.000.00
Intangible Assets---2.04--
Deferred Tax Assets315.44319.98325.18328.27334.98340.90
Other Assets8.1311.5610.108.3411.2512.39
Total Assets1,985.301,950.281,917.631,902.091,827.181,775.03
Short Term Debt Incl. Current Port. of LT Debt76.8773.8071.5969.5166.2764.39
Accounts Payable25.0923.6127.0224.7523.5620.66
Income Tax Payable1.401.40----
Other Current Liabilities127.60137.20134.01150.66135.51119.00
Total Current Liabilities230.95236.00232.61244.92225.35204.05
Long Term Debt896.20878.29865.82832.61797.77783.44
Provision for Risks Charges0.000.000.000.000.000.00
Deferred Tax Liabilities---5.88--
Other Liabilities263.33264.44264.61264.93268.83268.48
Total Liabilities1,390.481,378.731,363.041,348.341,291.951,255.97
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity563.99544.32525.91525.33509.01494.10
Total Shareholders Equity563.99544.32525.91525.33509.01494.10
Accumulated Minority Interest30.8327.2328.6828.4226.2224.97
Total Equity594.81571.55554.59553.75535.24519.06
Total Liabilities & Stockholders Equity1,985.301,950.281,917.631,902.091,827.181,775.03
Book Value Per Share13.9513.4813.0313.0512.6512.28
Tangible Book Value Per Share13.9513.4813.0313.0012.6512.28
Full-Time Employees---13,873--
Price to Book Ratio5.384.306.786.427.6211.95
Return on Assets2.292.132.262.542.431.16
Return on Equity8.157.658.249.198.834.16
Return on Invested Capital1.131.10-0.020.870.961.34
Quick Ratio1.691.641.661.731.811.89
Current Ratio1.721.671.691.761.841.92

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income17.7716.88-0.2913.0013.7118.48
Depreciation33.2231.2529.6326.9527.5927.11
Other Funds (Non Cash)32.5630.5531.0031.7727.4227.94
Funds from Operations88.0283.2758.7579.0974.1777.96
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-17.45-26.30-50.26-15.95-11.17-12.96
Cash from Operating Activities70.5756.978.4963.1463.0065.00
Capital Expenditures-57.50-57.71-47.19-59.15-39.26-38.09
Net Assets From Acquisitions0.000.000.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments0.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.00
Other Uses0.000.000.000.000.000.00
Other Sources0.000.000.000.000.000.00
Cash from Investing Activities-57.50-57.71-47.19-59.15-39.26-38.09
Cash Dividends Paid0.000.000.000.000.000.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock0.000.000.070.000.000.00
Repurchase of Common Pref Stock0.000.000.000.000.000.00
Sale of Common Pref Stock0.000.000.070.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-1.75-1.66-1.59-1.50-1.38-1.34
Change in Long Term Debt-1.75-1.66-1.59-1.50-1.38-1.34
Issuance of Long Term Debt0.000.000.000.000.000.00
Reduction of Long Term Debt-1.75-1.66-1.59-1.50-1.38-1.34
Net Financing Active Other Cash Flow-0.28-3.29-6.24-0.12-1.40-1.69
Other Financing Activities Uses-0.28-3.29-6.24-0.12-1.40-1.69
Cash from Financing Activities-2.02-4.95-7.76-1.62-2.79-3.03
Exchange Rate Effect0.000.00-0.010.000.00-0.00
Net Change in Cash11.04-5.69-46.472.3720.9523.88
Free Cash Flow13.07-0.74-38.703.9823.7426.91
Price to Free Cash Flow--229.3260.0963.42121.15

Revenue breakdown

Initial Territory and Opening Fees2024: 1.56M 2025: 2.61M
Sales-Based Royalties2024: 43.49M 2025: 51.53M
Shack Sales2024: 1.21B 2025: 1.39B
Non-US2024: 33.25M 2025: 38.21M
United States2024: 1.22B 2025: 1.41B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-3010.49%4.0M38.5M1.46M
2026-10-159.43%3.6M38.5M1.54M
2026-09-309.32%3.6M38.5M1.64M
2026-09-159.47%3.6M38.5M1.67M
2026-08-319.38%3.6M38.5M1.94M
2026-08-1410.14%3.9M38.5M2.20M
2026-07-319.68%3.7M38.4M2.45M
2026-07-1510.52%4.0M38.4M2.35M
2026-06-309.54%3.7M38.4M2.18M
2026-06-1511.34%4.3M38.2M2.06M
2026-05-2910.68%4.1M38.5M1.83M
2026-05-1513.37%5.1M38.4M1.74M
2026-04-3016.22%6.2M38.3M1.29M
2026-04-1517.39%6.7M38.4M1.38M
2026-03-3118.71%7.2M38.4M1.50M
2026-03-1315.89%6.1M38.4M1.58M
2026-02-2715.09%5.8M38.4M1.65M
2026-02-1313.98%5.3M38.3M1.57M
2026-01-3013.76%5.3M38.4M1.56M
2026-01-1515.59%6.0M38.4M1.56M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call40.0033.3037.1030.408.0602.000.000.984-0.2610.002
call45.0029.0032.1025.406.8561.000.000.981-0.2540.002
call46.0028.3031.1029.876.6300.009.000.980-0.2530.003
call47.0026.2030.1028.956.4062.009.000.979-0.2510.003
call48.0026.2029.1028.946.1912.000.000.979-0.2490.003
call49.0025.3028.1027.925.9755.000.000.978-0.2470.003
call50.0024.6027.1026.885.7696.000.000.977-0.2460.003
call51.0023.5026.1025.965.5632.000.000.976-0.2440.003
call52.0022.4024.6023.584.77520.0016.000.975-0.2410.003
call53.0021.2023.7022.584.78820.0017.000.974-0.2390.003
call54.0020.3022.6021.694.5040.001.000.973-0.2370.003
call55.0019.6022.0021.684.6823.000.000.971-0.2340.003
call56.0018.6020.5020.694.0493.000.000.970-0.2320.004
call57.0017.6019.6012.403.9650.000.000.969-0.2290.004
call58.0016.6019.0018.984.11610.000.000.967-0.2260.004
call59.0015.6017.8018.063.7751.000.000.965-0.2230.004
call60.0014.6016.9015.873.6741.000.000.963-0.2200.004
call61.0013.6016.0010.053.5691.000.000.961-0.2170.004
call62.0012.6015.109.323.4582.000.000.958-0.2130.005
call63.0011.6013.9013.403.07012.000.000.956-0.2090.005
call64.009.3013.1011.773.09915.000.000.953-0.2050.005
call65.009.6011.8012.252.72417.000.000.949-0.2000.006
call66.008.6011.106.102.74111.000.000.945-0.1950.006
call67.007.2010.0010.002.49823.000.000.940-0.1890.006
call68.006.508.509.102.01554.000.000.927-0.2040.007
call69.005.707.604.401.90525.000.000.901-0.2430.009
call70.004.806.608.001.73017.000.000.871-0.2780.011
call71.003.605.604.801.5527.001.000.781-0.4560.016
call72.003.003.903.890.9876.001.000.748-0.4270.017
call73.001.253.803.791.27814.000.000.674-0.4870.019
call74.001.602.501.890.92617.002.000.610-0.4300.020
call75.001.052.852.761.17651.000.000.516-0.6240.021
call76.000.051.501.000.91530.001.000.429-0.5020.021
call77.000.400.700.550.69224.006.000.319-0.3870.019
call78.000.200.550.430.75141.0014.000.287-0.4580.018
call79.000.050.401.350.7809.000.000.197-0.3350.015
call80.000.050.200.120.7251611010.152-0.2940.013
call81.000.000.150.100.76539.0016.000.092-0.1920.009
call82.000.001.000.300.85424.000.000.078-0.1820.008
call83.000.000.750.050.94328.001.000.069-0.1830.007
call84.000.000.750.060.94515.003.000.049-0.1390.005
call85.000.002.150.251.02329.000.000.046-0.1430.005
call86.000.000.200.101.0112.000.000.045-0.1390.005
call87.000.002.151.001.1721.000.000.041-0.1490.005
call88.000.000.750.051.2454.000.000.039-0.1520.004
call89.000.000.750.001.3150.000.000.037-0.1540.004
call90.000.001.550.551.38521.000.000.035-0.1570.004
call91.000.000.050.481.5315.000.000.056-0.2380.006
call92.000.001.350.401.36294.000.000.019-0.0940.003
call93.000.002.150.001.4220.000.000.019-0.0950.002
call94.000.001.550.001.4820.000.000.018-0.0960.002
call95.000.002.100.001.5410.000.000.018-0.0970.002
put40.000.002.150.004.4580.000.00-0.016-0.2570.002
put45.000.002.150.003.7110.000.00-0.019-0.2490.002
put46.000.002.100.003.5700.000.00-0.020-0.2480.003
put47.000.002.100.003.4330.000.00-0.021-0.2460.003
put48.000.001.150.253.29711.000.00-0.021-0.2440.003
put49.000.000.750.053.16411.000.00-0.022-0.2420.003
put50.000.000.750.753.03415.000.00-0.023-0.2400.003
put51.000.000.751.212.9052.000.00-0.024-0.2380.003
put52.000.001.150.422.77915.000.00-0.025-0.2360.003
put53.000.000.750.472.6541.000.00-0.026-0.2330.003
put54.000.000.750.472.5325.000.00-0.027-0.2310.003
put55.000.000.750.092.41121.000.00-0.029-0.2280.003
put56.000.000.751.082.2925.000.00-0.030-0.2260.004
put57.000.000.750.422.17414.000.00-0.031-0.2230.004
put58.000.000.750.472.0581.000.00-0.033-0.2200.004
put59.000.000.200.051.9434.001.00-0.035-0.2170.004
put60.000.000.750.051.82932.000.00-0.037-0.2140.004
put61.000.000.750.351.7168.000.00-0.039-0.2100.004
put62.000.001.351.101.6046.000.00-0.042-0.2060.005
put63.000.001.150.881.4936.000.00-0.044-0.2020.005
put64.000.000.750.251.38210.000.00-0.047-0.1980.005
put65.000.002.152.001.27130.000.00-0.051-0.1930.006
put66.000.002.150.171.16024.000.00-0.055-0.1870.006
put67.000.000.800.401.1034.000.00-0.056-0.1760.006
put68.000.002.050.100.9431005.00-0.073-0.1970.007
put69.000.002.200.120.83231.000.00-0.099-0.2360.009
put70.000.002.600.080.72116516.00-0.129-0.2700.011
put71.000.050.500.140.9002.001.00-0.219-0.4480.016
put72.000.000.700.230.8785.008.00-0.252-0.4190.017
put73.000.000.700.340.71510323.00-0.326-0.4780.019
put74.000.500.900.940.6405.001.00-0.390-0.4210.020
put75.000.602.051.000.97144.007.00-0.484-0.6160.021
put76.001.252.301.300.8271.000.00-0.571-0.4940.021
put77.001.152.951.680.83111.000.00-0.681-0.3790.019
put78.001.954.602.241.32516.000.00-0.713-0.4500.018
put79.002.804.700.000.9860.000.00-0.803-0.3260.015
put80.003.706.403.801.5213.000.00-0.848-0.2850.013
put81.004.606.500.001.0970.000.00-0.908-0.1830.009
put82.005.607.400.001.1260.000.00-0.922-0.1740.008
put83.006.008.600.001.3920.000.00-0.931-0.1740.007
put84.007.0010.800.002.0370.000.00-0.951-0.1300.005
put85.008.0010.408.001.4248.000.00-0.954-0.1340.005
put86.009.0011.500.001.6110.000.00-0.957-0.1370.005
put87.0010.0012.400.001.6070.000.00-0.959-0.1400.005
put88.0011.0013.400.001.6960.000.00-0.961-0.1420.004
put89.0012.0014.400.001.7820.000.00-0.963-0.1450.004
put90.0013.0015.400.001.8660.000.00-0.965-0.1470.004
put91.0014.0016.4014.191.9481.000.00-0.980-0.0820.003
put92.0015.0017.4015.122.0291.000.00-0.981-0.0830.003
put93.0016.0018.400.002.1070.000.00-0.981-0.0840.002
put94.0017.0019.500.002.3000.000.00-0.982-0.0850.002
put95.0018.0020.400.002.2600.000.00-0.982-0.0860.002

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-0510-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-11-058-KCurrent report2026-11-05SEC
2026-08-0510-QQuarterly report pursuant to Section 13 or 15(d)2026-07-01SEC
2026-08-058-KCurrent report2026-08-05SEC
2026-07-174Statement of changes in beneficial ownership of securities2026-07-15SEC
2026-07-074Statement of changes in beneficial ownership of securities2026-07-02SEC
2026-07-073Initial statement of beneficial ownership of securities2026-07-02SEC
2026-06-174Statement of changes in beneficial ownership of securities2026-06-15SEC
2026-06-124Statement of changes in beneficial ownership of securities2026-06-10SEC
2026-06-124Statement of changes in beneficial ownership of securities2026-06-10SEC
2026-06-124Statement of changes in beneficial ownership of securities2026-06-10SEC
2026-06-124Statement of changes in beneficial ownership of securities2026-06-10SEC
2026-06-124Statement of changes in beneficial ownership of securities2026-06-10SEC
2026-06-124Statement of changes in beneficial ownership of securities2026-06-10SEC
2026-06-124Statement of changes in beneficial ownership of securities2026-06-10SEC
2026-06-128-KCurrent report2026-06-08SEC
2026-06-118-KCurrent report2026-06-10SEC
2026-06-028-KCurrent report2026-06-02SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-23SEC
2026-05-193Initial statement of beneficial ownership of securities2026-05-11SEC
2026-05-184Statement of changes in beneficial ownership of securities2026-05-15SEC
2026-05-184Statement of changes in beneficial ownership of securities2026-05-15SEC
2026-05-184Statement of changes in beneficial ownership of securities2026-05-15SEC
2026-05-184Statement of changes in beneficial ownership of securities2026-05-15SEC
2026-05-184Statement of changes in beneficial ownership of securities2026-05-15SEC
2026-05-184Statement of changes in beneficial ownership of securities2026-05-15SEC
2026-05-15SCHEDULE 13G/ASEC
2026-05-078-KCurrent report2026-05-07SEC
2026-05-078-KCurrent report2026-05-06SEC
2026-04-30SCHEDULE 13GSEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-053.23M600
2026-040026.37K1
2026-030021.06K1
2026-020000
2026-010019.84K1
2025-120017.16K1
2025-110093.66K1

Institutional holders

Manager% owned
BlackRock, Inc.15.31%
VANGUARD PORTFOLIO MANAGEMENT LLC5.95%
VANGUARD CAPITAL MANAGEMENT LLC4.34%
STATE STREET CORP3.89%
MARSHALL WACE, LLP3.44%
UBS Group AG2.85%
MORGAN STANLEY2.67%
Van Berkom & Associates Inc.2.61%
BAMCO INC /NY/2.57%
GEODE CAPITAL MANAGEMENT, LLC2.49%

Funds

Fund% owned
iShares Convertible Bond ETF11.77%
iShares Core S&P Small-Cap ETF6.03%
VANGUARD TOTAL STOCK MARKET INDEX FUND3.02%
iShares Russell 2000 ETF2.55%
VANGUARD SMALL-CAP INDEX FUND2.18%
Advent Convertible Bond ETF1.45%
VANGUARD SMALL-CAP GROWTH INDEX FUND1.26%
BARON SMALL CAP FUND1.24%
VANGUARD EXTENDED MARKET INDEX FUND1.15%
Fidelity Small Cap Index Fund1.07%

OakChart. SHAK. Cached 15 minutes.