Positioning no disclosures inside 60 days, left as found
Options put/call open interest 0.34, read 2026-11-02
Ethical does not pass the values gate
Price69.82 USD
Fair value56.39
Ethical score70.0/100
Value readOvervaluedas of 5 Nov 2026
Our investment reviews on this name
2026-11-01Read Markup70.48-0.9% to today Accumulation gives way to Markup first Markup read since October
2026-10-18Read Accumulation68.77+1.5% to today ✓Markup gives way to Accumulation after a 13% rise in 7 days
2026-10-11Read Markup60.98+14.5% to today ✓Distribution gives way to Markup after an 11% rise in 9 days
2026-10-02Read Distribution54.88+27.2% to today Markdown gives way to Distribution after a 25% slide in 3 weeks
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Shake Shack Inc. holds its Markup at $69.82. Consolidating, no directional conviction, held for 48 days.
As held on the ledger · 2026-11-05
Phase
Markup
Quantitative state
Consolidating, no directional conviction, held for 48 days
Price at the screen
$69.82
Valuation
76.65 trailing · 51.20 forward price to earnings
Values screen
FAIL· score 70.0
Beta
1.77
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
47.58%
Below 33%
Interest-bearing debt is 47.6% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
20.04%
Below 49%
Money owed to the company is 20.0% of assets, under the 49% limit.
Pass
Revenue purity
0.01%
Below 5%
Only 0.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
Shake Shack's business is in a permissible area, but its interest-bearing debt is about 48% of the company, well over the ~33% line, so it does not pass on the financial screens.
Read as at 2026-11-05. It updates when the underlying figures move, and past reads are kept below.
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Today SHAK does not pass the screen. If new figures move it to a pass, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
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What the Numbers Say It Is Worth
The Fair Value Range
Our analysis reads Overvalued vs our fair value, as of 5 Nov 2026: it trades above our $56.39 fair value estimate, 17.20% revenue growth.
Fair value range in USD, drawn from the 2026-11-05 screen. The gold marker is the market price at the same screen. The price runs 23.8% above the base estimate.
Third-party analyst targets: 24 covering, consensus Buy. The average target sits +17% from the screen price.
Reading the gap · Our more conservative model reads it as fully-to-richly valued here, while the Street is more bullish: a quality-at-a-fair-price name rather than a deep-value one.
Where our models see it going: fair-value estimate $56.39, with a range of $36.41 to $64.85, dated to the 2026-11-05 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Why it gives us pause
At 51.2x forward earnings, the price already runs ahead of the business. It trades 29% above our $56.39 fair value, so you would be buying at a premium, not a discount.
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The things to watch: it already moves more than the market on an average day; it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
SHAK trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-11-05Markup$72.82+3.8%Entry 17
The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 3.8% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 57%. Our forward projection puts the odds of a 10% gain over the next month near 23%. The street (25 analysts) rates it buy, with a mean price target of $96. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-04Markup$70.14-0.5%Entry 16
The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.5% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 57%. Our forward projection puts the odds of a 10% gain over the next month near 23%. The street (25 analysts) rates it buy, with a mean price target of $96. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-03Markup$70.48+0.0%Entry 15
The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 57%. Our forward projection puts the odds of a 10% gain over the next month near 23%. The street (25 analysts) rates it buy, with a mean price target of $96. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-02Markup$70.48+0.0%Entry 14
The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 57%. Our forward projection puts the odds of a 10% gain over the next month near 23%. The street (25 analysts) rates it buy, with a mean price target of $96. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-01Markup · changed$70.48+8.2%Entry 13
The framework has shifted from accumulation to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 8.2% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 57%. Our forward projection puts the odds of a 10% gain over the next month near 23%. The street (25 analysts) rates it buy, with a mean price target of $96. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-31Accumulation$65.16+0.0%Entry 12
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 57%. Our forward projection puts the odds of a 10% gain over the next month near 23%. The street (25 analysts) rates it buy, with a mean price target of $96. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-30Accumulation$65.16+0.0%Entry 11
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 57%. Our forward projection puts the odds of a 10% gain over the next month near 23%. The street (25 analysts) rates it buy, with a mean price target of $96. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-29Accumulation$65.16-4.0%Entry 10
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 4.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 57%. Our forward projection puts the odds of a 10% gain over the next month near 23%. The street (25 analysts) rates it buy, with a mean price target of $96. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-25Accumulation$67.84-1.4%Entry 9
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 1.4% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading overbought. Over the past year the shares are down 57%. Our forward projection puts the odds of a 10% gain over the next month near 23%. The street (25 analysts) rates it buy, with a mean price target of $96.
The framework has shifted from markup to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 12.8% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 57%. Our forward projection puts the odds of a 10% gain over the next month near 23%. The street (25 analysts) rates it buy, with a mean price target of $96.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
