Is Shake Shack Cannibalizing Itself?
Shake Shack Inc (NYSE: SHAK) shares sank 5.5% last week after the company reported another same-store sales decline. The better-burger chain said comparable sales slipped 1.8%, the second straight slide in comps, on a 4.3% decline in traffic.
While the comparable base still makes up less than half of its company-owned stores, the market punished Shake Shack for the result as some analysts believed the young chain was beginning to cannibalize itself.
Shake Shack's new hot chicken sandwich. Image source: Shake Shack
Source: Fool.com
Shake Shack Inc. Aktie
64,36 €
8,56 %
Die Shake Shack Inc. Aktie ist im Trend: Deutlich mehr Buy- als Sell-Einschätzungen.
Ein prognostiziertes Kursziel von 99 € für Shake Shack Inc. zeigt ein Potenzial von über 50% im Vergleich zum aktuellen Kurs von 64.36 €.
