Shake Shack (SHAK) stock prices updated...
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Shake Shack stock price, SHAK
Shake Shack stock chart:
Shake Shack close price: 32.34
Stock price forecast:
UP TO +9.89%
Total forecasts: 89
Reached: 62 (69.66%)
Total Win: 107.55 (300.69%)
Showing 1-10 of 513 items.
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Shake Shack latest news:
Why Investors Aren’t Hungry for Shake Shack Earnings
Shake Shack shares slide on subdued 2017 revenue outlook
Shares of Shake Shack Inc. fell in Wednesday's extended session after the casual restaurant chain issued a tepid 2017 revenue outlook. Shake Shack reported its fourth-quarter earnings rose to $5.5 million, or 15 cents a share, from $3 million, or 7 cents a share, a year ago. On an adjusted basis, it would have earned 9 cents a share. Revenue grew 43.5% to $73.3 million while same-store sales climbed 1.6%, slowing sharply from an increase of 11% a year ago. Analysts surveyed by FactSet had forecast earnings of 9 cents a share on revenue of $70.7 million. The burger chain forecast 2017 revenue in a range of $349 million to $353 million, below analysts' average estimate of $354.5 million. It also projected same-store sales of 2% to 3%. Shake Shack shares slid more than 3.7% after hours. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Shake Shack's CFO to retire, company names first COO
Shake Shack Inc. shares fell 3% late Thursday after news Chief Financial Officer Jeff Uttz will retire this year. In the same statement, the fast-casual chain named Zach Koff its first chief operating officer. Uttz will remain CFO until March so to complete the 2016 reporting period, and the company has started the search for his replacement. Koff has been with the company since 2010, in roles that included senior VP of operations. Shares of Shake Shack had ended the regular trading day up 1.8%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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