Here's Why Investors Should Retain Shake Shack (SHAK) for Now

Shake Shack Inc. (SHAK) is benefiting from various digital initiatives, strong same-shack sales and unit expansion efforts. Consequently, the company’s shares have risen 24.4% in the past three months compared with the industry’s growth of 9.6%. Despite these favorable factors, it is worth noting that inflationary pressure continues to pose a challenge.The currently Zacks Rank #3 (Hold) company’s 2024 earnings and sales are likely to witness year-over-year growth of 39% and 15.2%, respectively.Let’s delve d ...