With Thursday morning's gains, the stock reached a new 52-week high of $95.80 and is up more than 50% in the last twelve months.Here's how the company performed during the period, compared with estimates from LSEG, formerly known as Refinitiv:Earnings per share: 2 cents vs. 1 cent expectedRevenue: $286.2 million vs. $280.3 million expectedFor the last three months of 2023, Shake Shack reported a net income of $6.8 million, up from a loss of 8.1 million the year prior. Earnings per share increased to a 15-ce ...

Shake Shack Inc.’s stock was rallying by more than 20% in premarket trades on Thursday after the burger chain swung to a fourth-quarter profit and beat analyst estimates. Shake Shack’s stock SHAK rallied by $15.46 to $93.53, its highest level since 2021. The New York-based fast-food chain said it earned $6.77 million, or 15 cents a share in... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime. Subscribe Now Already a ...

NEW YORK--(BUSINESS WIRE)--Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK) today announced the promotion of Michael Kark to the expanded role of President of Global Licensing, effective February 22, 2024. Kark’s new role will increase his strategic leadership and operational responsibilities as Shake Shack continues to rapidly expand its licensing model both domestically and internationally. As President of Global Licensing, Kark will focus on scaling the Company’s international infrastruc ...

NEW YORK--(BUSINESS WIRE)--Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK) has posted its results for the fourth quarter and the fiscal year ended December 27, 2023 in a Shareholder Letter in the Quarterly Results section of the Company's Investor Relations website, which can be found here: Q4 2023 Shareholder Letter. Shake Shack will host a conference call at 8:00 a.m. ET. Hosting the call will be Randy Garutti, Chief Executive Officer, and Katherine Fogertey, Chief Financial Officer. The c ...

Shake Shack Inc. (SHAK) is scheduled to report fourth-quarter 2023 financial numbers on Feb 15, before the opening bell. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 88.9%.What to Expect?The Zacks Consensus Estimate for fourth-quarter 2023 earnings is pegged at breakeven. In the prior-year quarter, it reported an adjusted loss per share of 6 cents. The Zacks Consensus Estimate for revenues is pegged at $279.8 million, suggesting 17.3% growth from the prior-y ...

Key PointsThere is a money shift coming; the consumer sector is threatened by the rise and break out of the manufacturing space.Two restaurant stocks bring the tale of two cities. New and unchartered growth versus steady tested returns.Markets - and analysts - have sent their votes, and here is who won.5 stocks we like better than CME GroupThis isn't the stock market you got used to seeing during the past three years when the FED's stimulus in response to the negative effects of the COVID-19 pandemic sparke ...

Scott OlsonBack in August, I placed a “Hold” rating on Shake Shack (NYSE:SHAK), saying while the company’s long-term outlook looked solid, there were some near-term headwinds it had to deal with first. The stock is up about 10% since then, pretty much in line with the S&P over the same period. Company Profile As a reminder, SHAK owns and licenses its upscale quick service restaurants in the U.S. and international. The company is best known for its high-end burgers, but it also sells other items such as ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as we ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style ...

Shake Shack Inc. (SHAK) is benefiting from various digital initiatives, strong same-shack sales and unit expansion efforts. Consequently, the company’s shares have risen 24.4% in the past three months compared with the industry’s growth of 9.6%. Despite these favorable factors, it is worth noting that inflationary pressure continues to pose a challenge.The currently Zacks Rank #3 (Hold) company’s 2024 earnings and sales are likely to witness year-over-year growth of 39% and 15.2%, respectively.Let’s delve d ...