Like Cava Group Stock? You Might Love This Restaurant Stock Even More.
Shake Shack is still a growth stock, and it offers a lot of potential upside.
Shake Shack: Operational Excellence Is Shining Through
Shake Shack's stock has surged over 60% YTD, driven by new locations, increased customer traffic, and improved operating margins despite price hikes. Shares have continued to rally after a strong Q3 earnings print, featuring acceleration in same-store sales growth and a boost in restaurant operating margins. Importantly, the company expects to also lower new build costs due to new store designs, which will come in handy as the company picks up its pace of restaurant openings.
Why Investors Were Gorging on Shake Shack Stock This Week
Investors and analysts alike cheered the company's trailing-three-month performance.
Shake Shack CEO talks earnings, pricing, and menu
Fast-casual restaurant Shake Shack (SHAK) reported same-store sales to have grown by 4.4% in its third quarter. The burger chain also topped Wall Street estimates for the quarter.
Here's Why Shake Shack (SHAK) is a Strong Momentum Stock
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Shake Shack CEO talks expansion goals as shares climb after earnings beat: 'Now's our opportunity'
Shake Shack CEO Rob Lynch talked plans to expand across the country and internationally, suggesting the burger chain fits into a "fine casual" dining niche not occupied by many in the industry. Nearing ten years on the market, Shake Shack started business in New York City as part of restauranteur Danny Meyer's empire.
Why Shake Shack Stock Is Closing In on an All-Time High Today
The company looks to close the year out strong, and early reads on 2025 are encouraging.
Shake Shack Inc. (SHAK) Q3 2024 Earnings Call Transcript
Shake Shack Inc. (NYSE:SHAK ) Q3 2024 Earnings Conference Call October 30, 2024 8:00 AM ET Company Participants Michael Oriolo - Vice President, FP&A & Investor Relations Rob Lynch - Chief Executive Officer Katie Fogertey - Chief Financial Officer Conference Call Participants Michael Tamas - Oppenheimer & Company Brian Vaccaro - Raymond James Lauren Silberman - Deutsche Bank Christine Cho - Goldman Sachs Brian Mullan - Piper Sandler Andrew Charles - TD Cowen Brian Harbour – Morgan Stanley Sharon Zackfia - William Blair Peter Saleh - BTIG Jake Bartlett - Truist Securities Sara Senatore - Bank of America David Tarantino - Baird Andy Barish - Jefferies Jim Sanderson - Northcoast Research Daniel Guglielmo - Capital One Securities Jeffrey Bernstein - Barclays Rahul Krotthapalli - JPMorgan Operator Greetings. Welcome to Shake Shack's Third Quarter 2024 Earnings Call.
Shake Shack Q3 Earnings & Revenues Beat Estimates, Stock Up
SHAK's third-quarter 2024 results benefit from its investment in marketing strategies and programs aimed at increasing guest engagement and brand awareness.
Shake Shack (SHAK) Reports Q3 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Shake Shack (SHAK) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Shake Shack (SHAK) Beats Q3 Earnings and Revenue Estimates
Shake Shack (SHAK) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.17 per share a year ago.
Shake Shack (SHAK) is a Great Momentum Stock: Should You Buy?
Does Shake Shack (SHAK) have what it takes to be a top stock pick for momentum investors? Let's find out.
