State of Alaska Department of Revenue Has Stake in Shake Shack Inc.

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The State of Alaska Department of Revenue has a $1.17 million stake in Shake Shack ($NYSE:SHAK) Inc. This is a publicly traded company that owns and operates Shake Shack restaurants.

Earnings

In its earning report of FY2022 Q2, SHAKE SHACK earned 831.3M USD in total revenue, lost 23.3M USD in net income. Compared to previous year, 12.4% increase in total revenue, SHAKE SHACK’s total revenue reached from 522.9M USD to 831.3M USD in the last 3 years.

Price History

News sentiment around Shake Shack has been mostly neutral so far. However, on Wednesday the stock opened at $46.9 and closed at $48.6, up 4.6% from the prior closing price of $46.4. This suggests that there may be some positive sentiment beginning to build around the company.

VI Analysis

According to the VI app, SHAKE SHACK’s fundamentals reflect its long term potential. The company is strong in growth, medium in asset, profitability and weak in dividend. SHAKE SHACK has an intermediate health score of 4/10 with regard to its cashflows and debt, which means it might be able to pay off debt and fund future operations.

The company is classified as a ‘cheetah’, which is a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. High growth companies are deemed more volatile as they attempt to grow faster.

Summary

The State of Alaska Department of Revenue has announced that it has taken a stake in Shake Shack Inc. The move comes as the company’s stock price has seen a slight uptick in recent days. While the news sentiment surrounding the company has mostly been neutral, the stock price movement indicates that investors are bullish on the company’s prospects.