Have you been paying attention to shares of Shake Shack (SHAK) ? Shares have been on the move with the stock up 33.1% over the past month. The stock hit a new 52-week high of $100.71 in the previous session. Shake Shack has gained 32.3% since the start of the year compared to the 7.7% move for the Zacks Retail-Wholesale sector and the 3.5% return for the Zacks Retail - Restaurants industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our ...

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Investors have developed a big appetite for Shake Shack (SHAK -0.68%) this week. Shares have rocketed higher by more than 20% since last Friday's market close. While the company reported great earnings this week, that's not the only reason shares are pushing higher.As of midday Friday, Shake Shack stock was up by about 23% for the week, according to data provided by S&P Global Market Intelligence. That has shares of the fast casual burger chain sitting at a 52-week-high price that it hasn't touched since th ...

Shake Shack Inc. (SHAK) reported fourth-quarter fiscal 2023 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate. Moreover, both metrics increased year over year. The bottom line beat the consensus estimate for the fifth straight quarter.The company’s earnings reflect growth in sales driven by digital marketing strategies and sequentially improving traffic. It also intends to continue focusing on its global footprint expansion plans for the upcoming period.Earnings & Revenue Details ...

Key TakeawaysShake Shack Inc. posted better-than-expected results and gave a strong outlook for this year, sending its shares soaring 26% Thursday.Operating profit margin for Shake Shack was 19.8% for the latest quarter, and the restaurant chain predicts it will be 20% to 21% for this fiscal year.Shake Shack added 24 locations in the quarter, and expects to open 80 more in 2024.Shake Shack Inc.'s (SHAK) shares skyrocketed Thursday as the burger restaurant chain posted better-than-expected earnings for the f ...

ToplineShake Shack’s stock surged Thursday after the burger chain smashed expectations for its quarterly financial results, sending its shares to their priciest level in more than two years.Shake Shack stock popped Thursday.UCG/Universal Images Group via Getty Images Key FactsShake Shack’s stock popped as much as 26% to $98.67 in Thursday trading in the wake of its fourth-quarter earnings report. The rally sent Shake Shake shares to their highest intraday level since Nov. 5, 2021, and Thursday is on track ...

Shares of burger chain Shake Shack (SHAK 21.40%) skyrocketed on Thursday after the company reported financial results for the fourth quarter of 2023. While other restaurant chains struggle with lackluster restaurant traffic, Shake Shack is encouragingly gaining ground. And this is a big reason that Shake Shack stock was up a whopping 23% as of noon ET and hitting 52-week highs.People are going to Shake ShackShake Shack is a burger chain with a little more than 500 locations worldwide. And whereas many other ...

Shake Shack Inc. (NYSE:SHAK) Q4 2023 Earnings Conference Call February 15, 2024 8:00 AM ET Company Participants Michael Oriolo - Senior Director, FP&A & IR Randy Garutti - CEO Katie Fogertey - CFO Conference Call Participants Brian Vaccaro - Raymond James Sharon Zackfia - William Blair Brian Mullan - Piper Sandler Sara Senatore - Bank of America Michael Tamas - Oppenheimer Andrew Charles - TD Cowen Jake Bartlett - Truist Securities Peter Saleh - BTIG Brian Harper - Morgan Stanley David Tarantino - Baird Jef ...

For the quarter ended December 2023, Shake Shack (SHAK) reported revenue of $286.24 million, up 20% over the same period last year. EPS came in at $0.02, compared to -$0.06 in the year-ago quarter. ...