|Bid||47.07 x 1400|
|Ask||51.55 x 1100|
|Day's Range||49.78 - 51.91|
|52 Week Range||30.01 - 105.84|
|Beta (5Y Monthly)||1.65|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 02, 2020 - Nov 06, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||51.62|
Not surprisingly, Shake Shack (NYSE: SHAK) had a terrible outing in the second quarter. Same-Shack sales, which measures an average of foot traffic and average guest spending at stores open for at least two years, were down 49%, with the better-burger chain's concentration in New York City (where same-Shack sales were down 64% from last year) contributing significantly to the metric's downfall. The numbers weren't pretty, but Shake Shack is making steady progress in most markets (not so much in New York City where same-Shack sales remained down 56% in July).
The restaurant operator's revenue recovery is slowed by its high concentration of Shacks in urban areas.
Thursday post market close and Friday brought with it several interesting restaurant earnings releases, and they are continuing to paint the picture of a chaotic sector, with the occasional positive surprise. Cult name Shake Shack , fell 12% on Friday after posting lower than expected second quarter results. A loss of 45 cents/share missed consensus estimates by 7 cents, while revenue of $91.8 million was off by about $800K.