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Shake Shack stock price, SHAK
Shake Shack stock chart:
Shake Shack close price: 34.76
Stock price forecast:
DOWN TO -5.32%
Total forecasts: 90
Reached: 65 (72.22%)
Total Win: 86.63 (241.00%)
Showing 1-10 of 448 items.
|Date of Forecast||Stock Price||Target Price||Forecast Reached Date|
Shake Shack latest 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.
Shake Shack shares surge on improved outlook
Shares of Shake Shack Inc. jumped in Wednesday's extended session after the casual restaurant chain raised its 2016 revenue outlook. Shake Shack reported its third-quarter earnings rose to $6.8 million, or 15 cents a share, from $6.2 million, or 10 cents a share, in the year-earlier period. Revenue grew 40.2% to $71.9 million while same-store sales rose 2.9%, slowing from an increase of 17.1% year ago. Analysts surveyed by FactSet had forecast earnings of 14 cents a share on revenue of $69.3 million. The burger chain raised its 2016 revenue outlook to a range of $264 million to $265 million from $253 million to $256 million previously. It also projected same-store sales of 4% to 5% for the year. For 2017, it projected revenue of $348 million to $352 million and same-store sales of 2% to 3%. Shake Shack shares rallied 11% 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.
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