|Bid||58.62 x 900|
|Ask||58.85 x 1300|
|Day's Range||58.57 - 60.13|
|52 Week Range||40.67 - 105.84|
|Beta (3Y Monthly)||1.12|
|PE Ratio (TTM)||86.78|
|Earnings Date||Feb 24, 2020 - Feb 28, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||76.79|
On CNBC's "Fast Money Halftime Report," Joe Terranova said there's more room on the upside for iShares Dow Jones US Medical Dev. (NYSE: IHI ). He added that this is a secular play on aging population. ...
As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the third quarter. We get to see hedge funds' thoughts towards the market and […]
2019 has been a big year for fast-food chicken, with the "chicken wars" turning from mild to spicy. Will you be trying any of the fried chicken sandwich options?
Retail Properties (RPAI) recent lease deal with Shake Shack at Circle East redevelopment project aims at attracting young, well-off and educated shoppers.
Tarantino said Shake Shack's core business of premium and cooked-to-order American food at an accessible price point is an "appealing" concept for investors. The company is well positioned to deliver a mid-to-high teens annual revenue growth over the coming five years along with an average EBITDA growth near 20% per year. Exiting 2019, Shake Shack will face difficult comparisons in the first half of 2020.
Shake Shack Inc. said Thursday that is now offering delivery nationwide through a partnership with GrubHub Inc. . Shake Shack said it would offer the service through GrubHub back in August, but warned of "volatility" as it transitioned away from other third-party delivery services like Postmates. To launch the nationwide availability with GrubHub, Shake Shack is offering the service free of charge through Nov. 17. And next month in Houston, Shake Shack and GrubHub will host an invite-only music and culinary event. Shake Shack stock has gained 36.2% for the year to date. GrubHub is down nearly 52%. And the S&P 500 index is up 23.4% for 2019 so far.
NEW YORK and CHICAGO, Nov. 14, 2019 /PRNewswire/ -- Today, Shake Shack (SHAK), the modern day "roadside" burger stand, will officially begin delivery nationwide with Grubhub (GRUB), the nation's leading online and mobile food-ordering and delivery marketplace. With more than 140 restaurants across the U.S. now available for delivery on Grubhub, diners can order their Shake Shack favorites with free delivery today through November 17th*. "As we begin our integrated partnership with Grubhub, we're focused on creating the best delivery experience for both our restaurant operators and our guests," stated Randy Garutti, chief executive officer of Shake Shack.
Today we'll look at Shake Shack Inc. (NYSE:SHAK) and reflect on its potential as an investment. To be precise, we'll...
The company behind chickpea-infused lasagna, macaroni and cheese and chickpea rice scored $20 million in venture capital.
Shack Shack is investing in remodeling, new locations, technology upgrades and a move to a single delivery provider, Grubhub.
(Bloomberg) -- There aren’t many jobs in Davidson, North Carolina, that offer the flexibility and decent pay that Alfonso Auz was looking for. He tried a bunch of gigs, including driving for Uber, before eventually settling on DoorDash Inc. Auz, 47, usually makes at least $150 a day delivering food from restaurants in his hometown, without having to commute to the nearest job center, Charlotte, 40 minutes away. “I usually turn on the app while I’m still at home,” Auz said.Towns like Davidson are at the center of a strategy that secured DoorDash a firm position atop the U.S. food delivery market, said Tony Xu, DoorDash’s chief executive officer. The suburbs, he said, were underestimated by competitors, giving DoorDash the opportunity to forge nationwide exclusivity deals with the likes of the Cheesecake Factory and Chili’s. “While our competitors focus on the cities, we focused on the suburbs,” said Xu. “That’s how we were able to become the market leader.”The other part of the strategy, according to analysts, rival businesses and venture capitalists, involves a war chest of about $2 billion. That’s how much DoorDash has received from investors in the six years since the business was established, and almost two-thirds of it came in the last 18 months. SoftBank Group Corp., the Japanese conglomerate whose investments have reshaped Silicon Valley, took an interest in DoorDash last year and helped lift the valuation of the unprofitable company to $12.6 billion this past May. Other backers include Sequoia Capital and Singaporean government investment funds.Today, DoorDash is the prime example of SoftBank’s investing philosophy seeming to work as intended. Behind SoftBank’s $100 billion tech fund is the idea that an ample supply of money can propel a company to the top of a market. DoorDash accounts for 35% of online food delivery sales in the U.S., according to Edison Trends, a market research firm. DoorDash’s rise has come at the expense of the other major delivery apps from Uber Technologies Inc., Grubhub Inc. and Postmates Inc., which have all lost share in the last year. DoorDash is in 4,000 towns, compared with 500 cities for UberEats. “DoorDash came out of nowhere,” said Hetal Pandya, an analyst at Edison Trends.Critics say DoorDash followed the SoftBank model down a destructive path of growth at all costs and a backward business model that doesn’t account for profit. DoorDash may find itself unpalatable to public market investors, who have largely turned against big unprofitable stocks. The company has been eyeing an initial public offering next year. “We believe we have the right unit economics to enable us to build a sustainable and profitable business,” said a spokeswoman for DoorDash.DoorDash’s spending has impacted competitors. Grubhub shares fell 42% last week in their biggest one-day drop ever, after the company gave a dismal forecast and published an unusual, 10-page manifesto signed by the CEO and financial chief. In it, they throw shade at competitors, saying Grubhub is the only profitable food delivery business. A week later, Uber reported fewer-than-expected food delivery orders in an otherwise favorable quarter. The stock fell to an all-time low the next day.Fast food restaurants aren’t faring much better. Delivery apps charge restaurants fees, sometimes as much as 30% of sales, which cut into profit margins. That has pushed larger chains to negotiate lower fees in exchange for exclusive agreements, as Shake Shack Inc. did with Grubhub. However, going with the third-place app contributed to an underwhelming quarter and reduced sales targets for the burger chain, whose stock dipped 21% Tuesday. The old-fashioned way of hiring drivers isn’t a reliable option, either. The CEO of Papa John’s International Inc. said Wednesday that a shortage of drivers is forcing the pizza company to work with the app providers.Just a few years ago, DoorDash was struggling to find investors and agreed to cut its share price to raise capital. By late last year, annual sales had tripled. But questions remain about how sustainable the business is. Over the summer, a DoorDash investor prepared an informal presentation arguing the merits of a sale of the company to Uber, according to a copy of the document obtained by Bloomberg.Uber, which also counts SoftBank as its largest shareholder, is sitting on $12.7 billion in cash, and its CEO, Dara Khosrowshahi, told analysts on a conference call this week that the company is open to acquisitions in food delivery. However, Khosrowshahi has also committed to cut spending in service of turning a profit by 2021. Representatives for the companies declined to comment on the prospect of a merger. Mike Walsh, an early Uber investor, said DoorDash is probably too big for Uber to swallow.Instead, DoorDash made a purchase of its own. The company spent $410 million in August for Caviar, a food delivery app owned by Square Inc. “We have a lot of money in the bank,” said Xu, the DoorDash CEO. “We are in no rush to spend it all.”Geographic comprehensiveness comes at no small expense to DoorDash, but it’s what draws many restaurant operators to the app. About 80% of Chili’s locations are in the suburbs, and DoorDash is helping bring in customers who may not otherwise eat there, said Steve Provost, the chief concept officer for Chili’s parent company Brinker International Inc. “The idea of non-pizza delivery in the suburbs is a relatively new phenomenon,” he said.DoorDash’s sprawl throughout American suburbia hasn’t hurt its position in major cities, though. Holly Richards, a 29-year-old executive assistant in San Francisco, said she prefers DoorDash because of its competitive prices, wide selection and, most importantly, its generous refund policy. UberEats would only give her a 20% off coupon when she complained that her Indian dumplings arrived cold, Richards said: “DoorDash is the only company that has offered me a full refund for food that did not arrive in a timely matter.”\--With assistance from Leslie Patton and Lizette Chapman.To contact the author of this story: Candy Cheng in San Francisco at firstname.lastname@example.orgTo contact the editor responsible for this story: Mark Milian at email@example.com, Anne VanderMeyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The ongoing pro-democracy protests in Hong Kong have ravaged the region and are threatening the safety and livelihood of residents — and businesses.
Following earnings is it time to buy a well-done sell-off in Shake Shack (NYSE:SHAK)? Let's take a look at what exactly is happening off and on the SHAK stock price chart to allow for a stronger risk-adjusted determination.Source: JHENG YAO / Shutterstock.com This week's been marked by some ugly sessions for SHAK stock. In a nutshell, mixed quarterly results and a side order of costly 'customer experience' store upgrades and temporary closures next year had Wall Street heading for the exits. But was Shake Shack stock's single-largest price shellacking of 21% deserved?By the numbers, the burger chain delivered a 10-cent profit topper on earnings of 31 cents per share of SHAK stock. The significant 47% bottom-line beat also came in well-above last year's Q3 EPS of 17 cents.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe sales picture came in a bit more mixed. Revenue of $157.8 million did eke out a beat of consensus views pegged at $156.9 million. And sales compared to 2018's rake of $119.6 million certainly looked smart. But that's not the entire story.Investors selling and an analyst community, by and large, trimming price targets on SHAK stock appear to have been motivated by a couple other troubling factors and trends. * 7 Earnings Losers That Were Hit Hard This Season Same-store-sales rose 2%, but failed to meet Street forecasts of 2.7%. Some analysts taking their cue from management's prior quarterly release blamed the miss on "volatility" tied to making Grubhub (NYSE:GRUB) Shake Shack's exclusive delivery service. Further, unit-level margin of 23.1% also came up short of analyst views of 24.3%.Lastly, with management trimming its same-store sales full-year outlook from 2% to 1.5% and bumping its revenue guidance but still falling short of analyst views of $600 million by roughly 0.08%, investors had enough ingredients to place an order for near-term pain over long-term promise. SHAK Stock Price Monthly ChartIf misery loves company SHAK stock investors are far from alone this earnings season. In fact burger giant McDonald's (NYSE:MCD) stock and GRUB shares have also both taken it on the chin following their quarterly confessionals. More important, is Shake Shack now in position for investors to buy stronger value on the price chart? I don't believe SHAK stock price is there yet. * 7 Under-the-Radar Retail Stocks to Buy Now Looking at the monthly price chart, shares of SHAK have broken their 50% Fibonacci retracement level and roughly 6% from challenging the 62% line. Zone testing like this can and often does lead to bottoms with requiring a picture perfect touch of support. But in this case that's unlikely to happen.With SHAK's stochastics rolling over from an overbought condition -- and monthly Bollinger Band failing to back up a buy decision inside the zone -- there's a certain lack of evidence promoting a low in shares is nearby. My interpretation is Shake Shack stock could easily makes its way toward $50.Bottom line seems that the $50 area is where the 76% level, an angular support line and an appealing whole number come into play. There's also the possibility a rising, but currently removed from the action lower Bollinger Band could act as an additional support. Net, net there's still plenty of time and dollars to go before the proverbial dinner bell will be ringing loudly for SHAK bulls to take notice.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. . For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Sell Before They Roll Over * 5 Beaten-Up Stocks to Buy That Could Be Saved By An Acquisition * 4 Startup Stocks Getting Smashed The post Shake Shack Sell-Off Has Us Mulling Whatas Rattling SHAK Stock Bulls? appeared first on InvestorPlace.
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