Stock of the Day

August 20, 2019

Shake Shack (SHAK)

$57.96
-$1.27 (-2.1%)
Market Cap: $2.53B

About Shake Shack

Shake Shack Inc. owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. The company was founded in 2001 and is headquartered in New York, New York.

Today's Trend

Shake Shack, Inc. (NYSE: SHAK) is getting attention today after a wave of mostly positive product-focused coverage around its new West Coast-inspired menu, which appears to be generating consumer buzz and could support traffic and sales. Several articles highlight the chain’s burger, chicken sandwich, and fries as a nod to West Coast flavors and position the launch as a challenge to In-N-Out, suggesting a potentially successful marketing push.

Overall, Shake Shack’s stock appears to be supported by upbeat product-launch coverage, while the analyst downgrade in price target keeps sentiment somewhat mixed.

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