|
Related Topics
|
Category: Shake Shack
Date: 20 June 2020 Stock price of Shake Shack: 54.51 We take a look at the latest board appointment for Shake Shack, in which they announced Tristan Walker will join their board. He is currently also serving as a member of Footlocker's board.
|
Shake Shack is a modern day "roadside" burger stand serving a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer, wine and more. "
More About Shake Shack (SHAK)
Shake Shack Inc. was formed on September 23, 2014 as a Delaware corporation. Shake Shack Inc. Class A common stock trades on the New York Stock Exchange under the symbol "SHAK."
Shake Shack is a modern day "roadside" burger stand serving a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer, wine and more. Originally founded in 2001 by Danny Meyer's Union Square Hospitality Group ("USHG"), which owns and operates some of New York City's most acclaimed and popular restaurants—such as Union Square Cafe, Gramercy Tavern and Maialino—to name a few. Shake Shack began as a hot dog cart to support the rejuvenation of New York City's Madison Square Park through its Conservancy's first art installation, "I Taxi." The cart was an instant success, with lines forming daily throughout the summer months over the next three years. In response, the city's Department of Parks and Recreation awarded Shake Shack a contract to create a kiosk to help fund the park's future. In 2004, Shake Shack officially opened. Soon it became a gathering place for locals alike, and a beloved New York City institution, garnering significant media attention, critical acclaim and a passionately-devoted following. Since its inception, Shake Shack has grown rapidly—with 275 Shacks, as of December 25, 2019, in 15 countries and 30 states, as well as the District of Columbia—and we continue to expand globally bringing the Shake Shack experience to new guests around the world
Shake Shack is a modern day "roadside" burger stand serving a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer, wine and more. Originally founded in 2001 by Danny Meyer's Union Square Hospitality Group ("USHG"), which owns and operates some of New York City's most acclaimed and popular restaurants—such as Union Square Cafe, Gramercy Tavern and Maialino—to name a few. Shake Shack began as a hot dog cart to support the rejuvenation of New York City's Madison Square Park through its Conservancy's first art installation, "I Taxi." The cart was an instant success, with lines forming daily throughout the summer months over the next three years. In response, the city's Department of Parks and Recreation awarded Shake Shack a contract to create a kiosk to help fund the park's future. In 2004, Shake Shack officially opened. Soon it became a gathering place for locals alike, and a beloved New York City institution, garnering significant media attention, critical acclaim and a passionately-devoted following. Since its inception, Shake Shack has grown rapidly—with 275 Shacks, as of December 25, 2019, in 15 countries and 30 states, as well as the District of Columbia—and we continue to expand globally bringing the Shake Shack experience to new guests around the world
Quick facts about Shake Shack (SHAK)
- Shake Shack is listed on the New York Stock Exchange under share code ticker: SHAK
- Shake Shack has 7 603 employees
- Shacks located in the Northeast and the New York City metropolitan area comprises approximately 44% of the total domestic company-operated Shacks as of December 25, 2019
- Shake Shack has 275 outlets
- Of the 275 Shake Shack Outlets 90 is outside the USA
- Shake Shack sales for 2019 fiscal year: $574.625 million
- Earnings per share for fiscal 2019: $0.61
- Shares in issue: 34.422 million
- Cash and equivalents on their balance sheet: $37.099 million
- Stockholders equity in Shake Shack: $321.985 million
Press release announcing latest Shake Shack board appointment
NEW YORK--(BUSINESS WIRE)-- Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE:SHAK) today announced the appointment of Tristan Walker to its Board of Directors, effective June 18, 2020. Walker has been named to the Nominating & Corporate Governance Committee of the Board and will work closely with management on Shake Shack’s environmental, social and corporate governance. A skilled executive with a wealth of experience in leading companies and building brands with an eye toward authenticity and inclusivity, Walker will become the tenth member of Shake Shack's Board of Directors.
“After many months of conversation, I’m thrilled to name Tristan to Shake Shack’s Board of Directors,” said Randy Garutti, Shake Shack CEO. “With sizeable growth ahead and a relentless focus on excellence, guest experience and hospitality, Tristan’s knowledge and fresh perspective will be instrumental in Shake Shack’s continued success. He brings with him a proven ability to lead, execute and inspire and his unique point of view will be invaluable for our company. We’re humbled to welcome him to our Board.”
“I’ve long admired Shake Shack for their commitment to taking care of their guests, their teams and using their business to create good in the world,” said Walker. “As someone who is passionate about building authentic, inclusive brands, I’m excited to leverage my experience to help guide their growth and further strengthen their consumer and community connections.”
Walker is the Founder & CEO of Walker & Company, a maker of health and beauty products for people of color. Prior to his founding Walker & Company, which merged with Procter & Gamble in December 2018, he was an Entrepreneur-in-Residence at Andreessen Horowitz. Before that, he was the Director of Business Development for Foursquare where he oversaw strategic partnerships and monetization. In this role, Walker managed integrations with large brands and media entities including American Express, The New York Times, CNN, MTV, Starwood Hotels & Resorts and Starbucks. In 2019, he was named one of Fortune Magazine’s 50 “World’s Greatest Leaders.” He has also been named a USA Today Person of the Year, TIME 100 Next, Ebony Magazine's 100 Most Powerful People, Vanity Fair's "Next Establishment," Fortune Magazine's “40 Under 40” and AdAge “Creative 50."
He is a member of the Board of Directors of Footlocker, Inc. and the Founder of CODE2040, a not-for-profit that is activating, connecting, and mobilizing the largest racial equity community in tech to dismantle the structural barriers that prevent the full participation and leadership of Black and Latinx technologists in the innovation economy. Walker holds a bachelor's degree in economics from Stony Brook University, where he graduated as valedictorian, and an MBA from the Stanford University Graduate School of Business. He currently lives with his wife, Amoy, and two sons, Avery and August, in Atlanta, Georgia.
“After many months of conversation, I’m thrilled to name Tristan to Shake Shack’s Board of Directors,” said Randy Garutti, Shake Shack CEO. “With sizeable growth ahead and a relentless focus on excellence, guest experience and hospitality, Tristan’s knowledge and fresh perspective will be instrumental in Shake Shack’s continued success. He brings with him a proven ability to lead, execute and inspire and his unique point of view will be invaluable for our company. We’re humbled to welcome him to our Board.”
“I’ve long admired Shake Shack for their commitment to taking care of their guests, their teams and using their business to create good in the world,” said Walker. “As someone who is passionate about building authentic, inclusive brands, I’m excited to leverage my experience to help guide their growth and further strengthen their consumer and community connections.”
Walker is the Founder & CEO of Walker & Company, a maker of health and beauty products for people of color. Prior to his founding Walker & Company, which merged with Procter & Gamble in December 2018, he was an Entrepreneur-in-Residence at Andreessen Horowitz. Before that, he was the Director of Business Development for Foursquare where he oversaw strategic partnerships and monetization. In this role, Walker managed integrations with large brands and media entities including American Express, The New York Times, CNN, MTV, Starwood Hotels & Resorts and Starbucks. In 2019, he was named one of Fortune Magazine’s 50 “World’s Greatest Leaders.” He has also been named a USA Today Person of the Year, TIME 100 Next, Ebony Magazine's 100 Most Powerful People, Vanity Fair's "Next Establishment," Fortune Magazine's “40 Under 40” and AdAge “Creative 50."
He is a member of the Board of Directors of Footlocker, Inc. and the Founder of CODE2040, a not-for-profit that is activating, connecting, and mobilizing the largest racial equity community in tech to dismantle the structural barriers that prevent the full participation and leadership of Black and Latinx technologists in the innovation economy. Walker holds a bachelor's degree in economics from Stony Brook University, where he graduated as valedictorian, and an MBA from the Stanford University Graduate School of Business. He currently lives with his wife, Amoy, and two sons, Avery and August, in Atlanta, Georgia.
Shake Shack (SHAK) stock price history
The image below shows the stock price history of Shake Shack (SHAK) over the last 3 years. And its been a fairly volatile time for SHAK stock but the stock price has done pretty well with it increasing by 56.37% over the last 3 years.
Our latest stock valuation of Shake Shack (25 February 2020)
So based on Shake Shack's latest earnings report what do we value the stock of Shake Shack at? The group has made a loss during the period under the review, however there are other ways to value companies at instead of just relying on the earnings per share. Our valuation models provides a target price of $47.70 a stock.
We therefore believe the stock of Shake Shack is overvalued at its current price of $47.70. We usually recommend that investors look to enter a stock at least 10% below our target price. Thus a good entry point into the stock of Shake Shack would be at $42.90.
Since the stock of Shake Shack is trading at well above our suggested entry point and target price, we rate the stock of Shake Shake as a sell
We therefore believe the stock of Shake Shack is overvalued at its current price of $47.70. We usually recommend that investors look to enter a stock at least 10% below our target price. Thus a good entry point into the stock of Shake Shack would be at $42.90.
Since the stock of Shake Shack is trading at well above our suggested entry point and target price, we rate the stock of Shake Shake as a sell