Shake Shack (SHAK) Soars 33.45% in 11 Days, Hits 2025 High

Shake Shack (SHAK) surged 0.78% today, marking its 11th consecutive day of gains, with a cumulative increase of 33.45% over the past 11 days. The share price reached its highest level since February 2025, with an intraday gain of 1.67%.

Over the past five years, the strategy of buying SHAK shares after they reached a recent high and holding for one week yielded strong results. The strategy achieved a remarkable 239.10% return, significantly outperforming the benchmark with a 194.20% excess return. Although the strategy had a maximum drawdown of -32.26% and a Sharpe ratio of 1.53, indicating some risk and moderate returns, the overall compound annual growth rate (CAGR) was 68.02%, highlighting its effectiveness in generating profits over the period.

Truist Securities has raised its price target for Shake Shack from $134 to $140, reflecting a bullish outlook and potential for further stock price appreciation. This adjustment suggests that analysts are optimistic about the company's future performance and growth prospects.

Shake Shack's stock has recently surpassed the average analyst 12-month target price of $114.86, currently trading at $116.18. This milestone indicates positive market sentiment and expectations for the company's future performance. Investors are likely encouraged by the company's strategic initiatives and operational improvements.

Shake Shack has announced plans to open 45-50 new locations in 2025, signaling its commitment to expansion and growth. This aggressive expansion strategy is expected to drive revenue growth and enhance the company's market presence, further bolstering investor confidence.

Despite missing revenue expectations in the first quarter of 2025, Shake Shack reported a 10.5% year-over-year increase in sales to $320.9 million. This growth in sales suggests that the company is making operational gains and has the potential for continued growth. Investors are likely to view this as a positive sign, indicating that the company is on track to meet its long-term goals.