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A lot will depend on why it sheared. If it was just over torqued, the rest of the stud should be easy to remove as long as you can get a grip on it. However, if some billy whiz gun wielding tyre fitter has cross threaded it, then I think you're in for a tough time trying to remove it.
Currently in martin999's garage:
2011 (11) VW Passat 2.0 TDi SE + options in Island Grey, 2011 (11) Honda CB1000R in Pearl Cool White... oh and a 2004 (54) Secnic II 1.5dCi Dynamique in Ottoman Blue !