SHAKE SHACK INC.
In the published model solve dated 2026-Q2, anchored at $74.29, SHAKE SHACK INC. (SHAK) is priced for today's economics sustained for ~12.7 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
• Shake Shack is a premium fast-casual chain compounding through both same-Shack sales (up 4.6% in Q1 2026, a 21st straight positive quarter) and accelerating unit growth, with full-year openings guidance raised to 60 to 65 new company-operated Shacks. • The defining number is restaurant-level profit margin, which expanded 50 basis points to 21.2% despite high beef costs, but company-wide profit is thin (a small Q1 net loss), so the valuation depends on margin and growth the static methods do no
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358 institutional managers reported holding SHAK in 13F filings for the quarter ended 2026-03-31. 58 opened new positions that quarter. Held by BlackRock, Vanguard Group, Wellington Management, among others. On the short side, 4.3M shares were sold short as of the 2026-06-15 count, about 11% of shares outstanding (1.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
SHAK's share count grew 3% over the past five years. It pays no dividend.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at SHAK over the trailing three years. Absence is a fact about the company, not a signal. 16 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
SHAK's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | +5.2% | -28.7% |
| 2023-11-04 | +3.9% | +17.7% |
| 2024-03-01 | +4.2% | +0.2% |
| 2024-05-04 | +4.0% | -19.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
SHAK's latest 8-K filings: 2026-08-05 (items 2.02, 7.01, 9.01); 2026-06-12 (items 5.02, 9.01); 2026-06-11 (items 5.07); 2026-06-02 (items 7.01, 9.01); 2026-05-07 (items 5.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.