Shake Shack, Inc. Class A Stock News

When investing in the stock market, it makes sense to always look for businesses that have seen the ups and downs and thrived.

NEW YORK--(BUSINESS WIRE)--Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK), today announced that Rob Lynch, Chief Executive Officer, and Katherine Fogertey, Chief Financial Officer, will be participating in the following investor conferences: On Wednesday, September 4, 2024, the Company will host a fireside chat at Goldman Sach's 31st Annual Global Retailing Conference. The fires...

It is the first time the burger-and-shake chain will close stores for non-construction-related reasons.

Fast-casual burger chain Shake Shack said yesterday that it will close nine of its company-owned restaurants in California, Ohio, and Texas. This decision follows a recent evaluation that identified these locations as underperforming, partly due to shifts in local trade areas and customer overlap from nearby locations.

Shake Shack has risen more than 40% year to date, but there's further upside ahead. Initiating the stock with a buy rating. The company has continued to drive accelerating same-store sales growth, as recent price increases have done little to dent profit. And amid an inflationary environment, particularly in labor and the price of beef, the company has increased its gross margins.

Shake Shack Inc   (NYSE:SHAK) stock is down 3.1% to trade at $104 at last check, after Piper Sandler downgraded the fast food chain to "neutral" from "overweight," and cut its price objective to $114 from $121.

Shake Shack's stellar revenue growth is very attractive. But growth can't be the only thing a stock has going for it.

SHAK is expected to grow at a mid-teen percentage level for the next two years. Strong 2Q24 performance with 16% revenue growth and expanding margins. Marketing initiatives and drive-through improvements are expected to drive further growth.