How Much Upside Is Left in Shake Shack’s Stock Price?
By the end of May 25, Shake Shack (SHAK) was trading at $58.35, which represents a rise of 23.1% since the announcement of its first-quarter earnings on May 3. The company posted adjusted EPS of $0.15 on revenues of $99.1 million. Analysts had expected the company to post EPS of $0.08 on revenues of $96.7 million. The company has also outperformed analysts’ SSSG (same-store sales growth) estimates during the quarter. After posting strong first-quarter earnings, the company’s management raised its revenue and SSSG guidance for 2018. ...