Key PointsShares of Shake Shack have rallied since the summer of 2022 but have yet to reclaim previous highs. However, with several key tailwinds in place, it's in a powerful position to retry. This week's comments from TD Cowen should be enough to drive the stock to further gains in the near term. 5 stocks we like better than MicrosoftWith 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 b ...

Shares of Shake Shack (SHAK 3.45%) were surging last month as the fast-casual burger flipper delivered a strong earnings report and impressed Wall Street with its guidance, which called for improving margins in 2024.The company is also accelerating its restaurant growth, tapping into demand for a brand that has always been one of the highest-trafficked fast food chains.According to data from S&P Global Market Intelligence, Shake Shack gained 40.7% last month. As you can see from the chart below, the earning ...

Workforce and Employee Benefits - Shake Shack operates 518 Shacks system-wide, including 295 domestic Company-operated Shacks, 39 domestic licensed Shacks, and 184 international licensed Shacks across major cities globally[22] - The company has 12,196 team members as of December 27, 2023, with 11,795 hourly team members and Shack-level managers, and 401 home office personnel[29] - Shake Shack expanded its health benefits in fiscal 2023 to include reproductive health benefits, family planning, pregnancy termination coverage, and counseling support[34] - The company launched a new learning management system with 230 help articles, utilized over 29,000 times by team members, and improved compliance training through its ERP system[28] - Shake Shack's workforce is 48% women and 76% people of color, reflecting its commitment to diversity and inclusion[37] - The company implemented predictive scheduling tools and expanded its talent acquisition team to improve staffing and compliance[26][30] - Shake Shack introduced a new mobile-friendly hiring platform expected to roll out in early 2024, aiming to enhance the candidate experience and reduce recruiting hours for managers[28][31] - The company extended its equity-based compensation program to all General Managers to incentivize performance and ownership[34] - Shake Shack was recognized as a "Best Place to Work for LGBTQ+ Equality" by the Human Rights Campaign for the fifth consecutive year[37] - The company launched unconscious bias training modules for leaders in fiscal 2023 to address bias and promote inclusivity[37] - The HUG Fund provided over 170 grants since 2017, with over 40 team members receiving grants in fiscal 2023 to alleviate financial hardships[39] - Shake Shack promoted 3,234 employees in fiscal 2023, with 52% being women and 76% being people of color[44] - The Shift Up leadership program had 88 participants in fiscal 2023, with 14 promoted to Manager-In-Training, Manager, or California Non-Exempt Manager roles[43] - Shake Shack launched a 14-week leadership course in fiscal 2023, resulting in 15 leaders receiving Columbia Business School certificates and a 95% satisfaction rate[41] - The company achieved 100% of core competencies and over 50% of leadership competencies developed in fiscal 2023[43] - Shake Shack expanded its Enterprise Resource Planning System (ERP) resources, including a new learning management system and a knowledge portal with 230 help articles, utilized over 29,000 times by team members[28] - The company implemented a new mobile-friendly platform for job applications and interview scheduling, expected to roll out in early 2024[28] - Shake Shack launched compliance and safety e-learning courses tailored by location and level, with automated course progress tracking in fiscal 2023[28] - The company improved employee retention and turnover rates in fiscal 2023 by evolving its value proposition, including health and well-being benefits, absence support, and tipping options[33] - Shake Shack began running food to tables in nearly all Shacks in fiscal 2023 to improve hospitality and tipping opportunities for team members[33] - The company is developing a new team member handbook to be rolled out in 2024, updated for new and current legal requirements[28] - Shake Shack expanded its predictive scheduling tools and team to assist with compliance and staffing needs[26] - The company launched a New Manager Program and piloted a high-potential team member leadership program in fiscal 2023[26] - Expanded health benefits to include reproductive health, family planning, pregnancy termination coverage, and counseling support[34] - Equity-based compensation program extended to all General Managers to incentivize performance and ownership[34] - Women make up 48% and people of color comprise 76% of the total workforce, with a focus on diversity and gender parity in leadership roles[37] - Over 40 team members received grants from the HUG Fund in fiscal 2023 to alleviate financial hardships[39] - Promoted 3,234 employees in fiscal 2023, with 52% being women and 76% being people of color[44] - Shift Up leadership program had 88 participants in fiscal 2023, with 14 promoted to managerial roles[43] Menu Innovation and Partnerships - Shake Shack introduced kiosk product customization in September 2023, achieving attachment rates on par or higher than digital platforms[50] - The company expanded large order boxes in 2023 to include items like Chicken Shack, Veggie Shack, and 'Shroom Burgers[52] - Shake Shack launched three new plant-based menu items, including the Veggie Shack, Non-Dairy Chocolate Shake, and Non-Dairy Frozen Custard, as part of its core menu[66] - The company partnered with DreamWorks to create three holiday shakes inspired by the Trolls characters, driving brand engagement during the holiday season[66] - Shake Shack collaborated with renowned chefs and brands, such as Nina Compton and TABASCO, to create limited-time menu offerings and unique dining experiences[66] - The company's Innovation Kitchen in New York City serves as a testing ground for new menu items, with successful items potentially becoming national limited-time offerings or permanent menu items[80] - Shake Shack's LTO program in fiscal 2023 included premium burgers, chicken sandwiches, and unique shakes, such as the White Truffle Burger and Trolls Holiday Shakes[81] - Shake Shack launched three new plant-based menu items, including the Veggie Shack, Non-Dairy Chocolate Shake, and Non-Dairy Frozen Custard[66] - Shake Shack collaborated with Nintendo for a Super Mario Bros movie-themed experience, offering exclusive menu items and swag[66] - Shake Shack partnered with DreamWorks for Trolls Band Together, creating three holiday shakes inspired by the movie characters[66] - Shake Shack's Chief Avocado Officer campaign reached an estimated TV audience of over 4 million[66] - Shake Shack's LTO program in fiscal 2023 included the White Truffle Burger, Bourbon Bacon Jam Burger, and Hot Menu[81] Expansion and Operational Growth - Shake Shack expanded its domestic Company-operated footprint by opening 41 new Shacks in fiscal 2023, representing a 16% increase from the prior year, reaching a total of 295 domestic Company-operated Shacks[86] - The company plans to open approximately 40 new Company-operated Shacks in 2024, continuing its multi-format strategy including core, drive-thru, flagship, and small format locations[86] - Shake Shack's average investment cost for new Shacks in fiscal 2023 was approximately $3.0 million, or $2.6 million net of tenant improvement allowances, an 8.3% increase compared to the prior year[89] - Total investment cost for new Shacks ranged from $1.1 million to $6.4 million, with construction times varying between 16 and 56 weeks[91] - The company opened 82 net new system-wide Shacks in fiscal 2023, reaching a total of 518 Shacks worldwide[84] - As of December 27, 2023, Shake Shack had 29 drive-thru locations in operation, with plans to expand in coastal markets like Long Island, New York, New Jersey, and California in 2024[92] - Approximately 95% of domestic Company-operated Shacks now have kiosks, making it the largest and fastest-growing channel with the highest margins[93] - Shake Shack opened 38 international licensed Shacks in fiscal 2023, including 13 in China and Hong Kong, and closed 3, with one temporarily closed as of December 27, 2023[98] - The company had 223 licensed Shacks as of December 27, 2023, with 184 international and 39 domestic locations[95] - In fiscal 2023, Shake Shack opened 6 domestic licensed Shacks, including one at Newark Liberty International Airport and five in roadway travel plazas in New Jersey and New York[99] - Shake Shack plans to expand its domestic Company-operated Shack footprint to at least 450 Shacks in the long term[85] - Expanded domestic Company-operated Shacks by 41 in fiscal 2023, a 16% increase from the prior year, totaling 295 as of December 27, 2023[86] - Targeting to open approximately 40 new Company-operated Shacks in 2024, focusing on multi-format strategies including drive-thru and small formats[86] - Average investment cost for new Shacks in fiscal 2023 was $3.0 million, or $2.6 million net of tenant allowances, an 8.3% increase from the prior year[89] - Completed kiosk retrofit program with 95% of domestic Company-operated Shacks now equipped, making it the highest margin channel[93] - Opened 38 international licensed Shacks in fiscal 2023, including 13 in China and Hong Kong, and closed 3, with 223 licensed Shacks globally as of December 27, 2023[95][98] - Domestic licensed Shacks grew by 6 in fiscal 2023, including locations at Newark Liberty International Airport and roadway travel plazas[99] Community Engagement and Social Responsibility - Shake Shack donated $1 from each designated menu item sold at select new Shack openings in fiscal 2023 to local nonprofit partners[59] - The company donated approximately $8,000 to local children's hospitals and supported various charity events in fiscal 2023[60] - Shake Shack's social media presence includes over 1.1 million organic posts under shakeshack on Instagram, with expanded creator partnerships and brand storytelling in fiscal 2023[62] - Donated $1 from designated menu items at select new Shack openings to local nonprofits in fiscal 2023[59] - Shake Shack donated approximately $8,000 to local children's hospitals in fiscal 2023 as part of Child Health Day[60] - Shake Shack's social media presence includes over 1.1 million organic posts under the hashtag "shakeshack" on Instagram[62] Supply Chain and Sustainability - Approximately 41% of ground beef patties were sourced from one supplier, with 10 approved ground beef processors and limited suppliers for major ingredients like chicken, potato buns, and custard[110] - Approximately 95% of certain food and beverage ingredients, including chicken, fries, and custard, were distributed through a single broadline distributor, representing 47% of total purchases[111] - Shake Shack utilized 20 affiliated distribution centers to supply domestic Company-operated Shacks as of December 27, 2023[112] - The company tracks and calculates Scope 1 and Scope 2 greenhouse gas emissions to comply with industry standards and assess environmental impact[114] - Sourced 41% of ground beef patties from a single supplier, with 10 approved ground beef processors and 9 raw beef suppliers in the U.S.[110] - Approximately 95% of certain food and beverage ingredients distributed through a single broadline distributor, representing 47% of total purchases[111] - Conducted quarterly third-party food safety audits and mock food recalls to ensure rigorous quality assurance and safety protocols[113] Digital and Technology Initiatives - Digital initiatives drove incremental sales through personalized offers on app and web channels using Braze's Content Cards[49] - Kiosk customization feature launched in September 2023, showing strong guest adoption and attachment rates[50] - Centralized data consolidation project initiated in fiscal 2023 to enable fresh insights and informed decision-making, with a focus on hybrid cloud infrastructure[106] Intellectual Property and Trademarks - Shake Shack has 25 registered trademarks domestically and core marks registered in 81 countries across six continents as of December 27, 2023[118]

Have you been paying attention to shares of Shake Shack (SHAK) ? Shares have been on the move with the stock up 33.1% over the past month. The stock hit a new 52-week high of $100.71 in the previous session. Shake Shack has gained 32.3% since the start of the year compared to the 7.7% move for the Zacks Retail-Wholesale sector and the 3.5% return for the Zacks Retail - Restaurants industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?Develop ...

Investors have developed a big appetite for Shake Shack (SHAK -0.68%) this week. Shares have rocketed higher by more than 20% since last Friday's market close. While the company reported great earnings this week, that's not the only reason shares are pushing higher.As of midday Friday, Shake Shack stock was up by about 23% for the week, according to data provided by S&P Global Market Intelligence. That has shares of the fast casual burger chain sitting at a 52-week-high price that it hasn't touched since th ...

Shake Shack Inc. (SHAK) reported fourth-quarter fiscal 2023 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate. Moreover, both metrics increased year over year. The bottom line beat the consensus estimate for the fifth straight quarter.The company’s earnings reflect growth in sales driven by digital marketing strategies and sequentially improving traffic. It also intends to continue focusing on its global footprint expansion plans for the upcoming period.Earnings & Revenue Details ...

Key TakeawaysShake Shack Inc. posted better-than-expected results and gave a strong outlook for this year, sending its shares soaring 26% Thursday.Operating profit margin for Shake Shack was 19.8% for the latest quarter, and the restaurant chain predicts it will be 20% to 21% for this fiscal year.Shake Shack added 24 locations in the quarter, and expects to open 80 more in 2024.Shake Shack Inc.'s (SHAK) shares skyrocketed Thursday as the burger restaurant chain posted better-than-expected earnings for the f ...

ToplineShake Shack’s stock surged Thursday after the burger chain smashed expectations for its quarterly financial results, sending its shares to their priciest level in more than two years.Shake Shack stock popped Thursday.UCG/Universal Images Group via Getty Images Key FactsShake Shack’s stock popped as much as 26% to $98.67 in Thursday trading in the wake of its fourth-quarter earnings report. The rally sent Shake Shake shares to their highest intraday level since Nov. 5, 2021, and Thursday is on track ...