Why Shake Shack Stock Is Closing In on an All-Time High Today
Shake Shack(SHAK) The Motley Fool·2024-10-31 01:03
The company looks to close the year out strong, and early reads on 2025 are encouraging. Shares of restaurant chain Shake Shack (SHAK 12.77%) were rising on Wednesday after it reported its financial results for the third quarter of 2024. Investors celebrated after digesting the numbers: As of noon ET, Shake Shack stock was up almost 14%, within 1% of the all-time high that it reached back in early 2021. Business is good for Shake Shack In Q3, Shake Shack's revenue was up nearly 15% year over year to $317 mi ...