Shake Shack: Upgrading To Buy On Expansion And Marketing Plans

Scott OlsonBack in August, I placed a “Hold” rating on Shake Shack (NYSE:SHAK), saying while the company’s long-term outlook looked solid, there were some near-term headwinds it had to deal with first. The stock is up about 10% since then, pretty much in line with the S&P over the same period. Company Profile As a reminder, SHAK owns and licenses its upscale quick service restaurants in the U.S. and international. The company is best known for its high-end burgers, but it also sells other items such as  ...