Shake Shack (SHAK) is an American fast casual restaurant chain based in New York City. It started out as a food cart inside Madison Square Park in 2000, and its popularity steadily grew. It eventually moved to a stand within the park, expanding its menu from New York-style hamburgers to one with hamburgers, hotdogs, fries and its namesake milkshakes. The company emphasizes that its meat is completely free of hormones and antibiotics. Since its founding it has been one of the fastest-growing food chains eventually becoming a public company filing for an initial public offering of stock in late 2014. Initial price of its shares was at $21 immediately rising by 123% to $47 on their first day of trading.
Shake Shack (SHAK) has been weak after hitting resistance in the $38's last week. SHAK is a strong buy below $30 heading into earnings in two months. The chart tell us SHAK may have bottomed again.
he SHAK crushed and is higher by 4% in the after-hours. Reports Q1 (Mar) earnings of $0.08 per share, $0.03 better than the Capital IQ Consensus of $0.05; revenues rose 43.4% year/year to $54.2 mln vs the $52.16 mln Capital IQ Consensus. Same-Shack sales increased 9.9% (Guidance 2.5-3.0%) Shak-level operating profit 28.2% compared to 25.7% Average weekly sales for domestic company-operated Shacks were $90,000 for the first quarter of 2016 compared to $89,000 for the same quarter last year, a 1.1% increase, primarily due to robust traffic growth, menu price increases and solid performance across the existing Shack base, including in new markets. Food and paper costs as % of revenues 28.8% compared to 30.5% in prior year. Labor and related expenses as % of revenue 25.2% compared to 25.2% in prior year. Co issues upside guidance for FY16, sees FY16 revs of $245-249 mln (Prior $237-242 mln) vs. $242.39 mln Capital IQ Consensus Estimate. Same-Shack Same-shak Sales growth between 4% and 5% (vs. between 2.5% and 3.0%). 16 (vs. 13) total new domestic company-operated Shacks to be opened in 2016. Seven licensed Shacks to be opened under the Company’s current license agreements in the U.K., Middle East and Japan. Approximately 75 to 100 basis points (vs. 100 to 150 basis points) of deleverage in labor and related expenses as a percentage of Shack sales, on a year-over-year basis. http://ibankcoin.com/flyblog/2016/0...rnings-estimate-thanks-to-hamburger-gluttony/
Shake Shack (SHAK) continues to hit resistance around $38. SHAK will break out one of these quarters and be a darling stock in 2017.
Shake Shack (SHAK) is hitting resistance between $37-$38. SHAK will break out one of these quarters and be a darling stock in 2017.
Shake Shack (SHAK) hit resistance and is back in the $34's. SHAK will break out one of these quarters and be a darling stock
Options Traders Loving Shake Shack Ahead of Earnings http://blogs.wsj.com/moneybeat/2016...g-shake-shack-ahead-of-earnings/?mod=yahoo_hs
SHAK is trying to find a base below $32. SHAK will break out one of these quarters and be a darling stock in 2017. The stock is a buy below $30.
Recent Insider Trading: Tons of insider selling going on last few trading days. Quickly scanning through, it doesn't look like huge percentages of their shares, but nonetheless, it's quite interesting.
SHAK exploded above $39 this week after it was announced that the stock will be added to the S&P 600. SHAK continues to deliver and should be a huge gainer in 2017.