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After announcing results for the first quarter of 2024, arguably the most essential release of the year as it sets the tone for any stock, shares of Shake Shack Inc. NYSE: SHAK moved higher by as much as 3.8% in the first hours of the trading session. Investors have much to digest in the company's release, though one trend remains steady.
Shares of Shake Shack Inc. SHAK, -2.38% climbed 1.6% in premarket trading Thursday, after the burger chain beat first-quarter profit expectations and nudged up its full-year outlook, even as revenue came up a bit short. The company swung to net income of $2.04 million, or 5 cents a share, from a loss of $1.53 million, or 4 cents a share, in the year-ago period.
Investors with an interest in Retail - Restaurants stocks have likely encountered both Compass Group PLC (CMPGY) and Shake Shack (SHAK). But which of these two stocks offers value investors a better bang for their buck right now?
Growth stocks rocketed in the first quarter as markets priced in Federal Reserve rate cuts. Indeed, based on history, the best growth stocks to buy in April will benefit if the Fed cuts rates.
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Shake Shack (SHAK) benefits from strong Same-Shack sales, unit expansion efforts and menu innovation.
Shares of Papa John's International (PZZA) dipped more than 5% in intraday trading Thursday after Shake Shack Inc. (SHAK) announced the pizza giant's chief executive would be taking the same position at the hamburger chain.
The popularity of golf is growing faster off the course than on it, as businesses offering golf simulators and driving range-type experiences are booming.
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With so much talk around tech stocks lately, it can be refreshing to hear about a stock from a completely different industry. Shake Shack Inc. NYSE: SHAK, whose shares have been rallying since the summer of 2022, was singled out by the team at TD Cowen yesterday.