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Why Shake Shack Stock Took a Dive Today

TheMotleyFool

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Shares of Shake Shack (NYSE: SHAK) were sliding today after the fast-casual burger chain posted disappointing second-quarter results. Investors had expected a weak quarter given that the country was shut down for much of it, but Shake Shack also missed expectations and underperformed peers like Chipotle Mexican Grill and McDonald's.

As of 1:04 p.m. EDT on Friday, the stock was down 13.5%.

Image source: Shake Shack.

Source Fool.com

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