Advertisement
Canada markets close in 3 hours 46 minutes

  • S&P/TSX

    22,741.58
    -369.23 (-1.60%)
     

  • S&P 500

    5,471.55
    -50.75 (-0.92%)
     

  • DOW

    40,362.92
    -479.87 (-1.17%)
     

  • CAD/USD

    0.7222
    -0.0023 (-0.32%)
     

  • CRUDE OIL

    77.20
    -0.71 (-0.91%)
     

  • Bitcoin CAD

    87,269.33
    -4,871.62 (-5.29%)
     

  • CMC Crypto 200

    1,313.84
    -38.08 (-2.82%)
     

  • GOLD FUTURES

    2,489.40
    +16.40 (+0.66%)
     

  • RUSSELL 2000

    2,189.96
    -64.52 (-2.86%)
     

  • 10-Yr Bond

    3.9890
    -0.1200 (-2.92%)
     

  • NASDAQ

    17,357.96
    -241.44 (-1.37%)
     

  • VOLATILITY

    17.92
    +1.56 (+9.56%)
     

  • FTSE

    8,283.36
    -84.62 (-1.01%)
     

  • NIKKEI 225

    38,126.33
    -975.49 (-2.49%)
     

  • CAD/EUR

    0.6690
    +0.0002 (+0.03%)
     
MARKETS LIVE BLOG:

STOCKS SLIDE ON WEAK U.S. ECONOMIC DATA

10 Year Treasury yield moves below 4% for first time since February

Why Shake Shack (SHAK) is a Top Growth Stock for the Long-Term

Zacks Equity Research
·2 min read

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Why This 1 Growth Stock Should Be On Your Watchlist

Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

ADVERTISEMENT

Shake Shack (SHAK)

Founded in 2001, Shake Shack, Inc. is a New York-based fast food hamburger restaurant chain. Shake Shack restaurants operate in the United States and internationally. The company operates and grants licenses for Shake Shack restaurants, commonly known as "Shacks". Here they present a menu featuring burgers, chicken, hot dogs, crinkle-cut fries, shakes, frozen custard, beer, wine and additional offerings.

SHAK boasts a Growth Style Score of A and VGM Score of B, and holds a Zacks Rank #2 (Buy) rating. Its bottom-line is projected to rise 100% year-over-year for 2024, while Wall Street anticipates its top line to improve by 14.8%.

Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.01 to $0.74 per share. SHAK boasts an average earnings surprise of 73%.

Looking at cash flow, Shake Shack is expected to report cash flow growth of 76.6% this year; SHAK has generated cash flow growth of 14.5% over the past three to five years.

Investors should take the time to consider SHAK for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Shake Shack, Inc. (SHAK) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research