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. Stock
€56.24
-0.070%
With 25 Buy predictions and 1 Sell predictions Shake Shack Inc. is one of the favorites of our community.
As a result the target price of 99 € shows a very positive potential of 76.03% compared to the current price of 56.24 € for Shake Shack Inc..
