SHAKE SHACK INC.
In the published model solve dated 2026-Q2, anchored at $60.19, SHAKE SHACK INC. (SHAK) is priced for today's economics sustained for ~10.8 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: 2026-11-05 (items 2.02, 7.01, 9.01); 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).
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.