2024-03-07 17:18:00 ET
Shares of Shake Shack (NYSE: SHAK) were surging last month as the fast-casual burger flipper delivered a strong earnings report and impressed Wall Street with its guidance, which called for improving margins in 2024.
The company is also accelerating its restaurant growth, tapping into demand for a brand that has always been one of the highest-trafficked fast food chains.
According to data from S&P Global market Intelligence , Shake Shack gained 40.7% last month. As you can see from the chart below, the earnings report in the middle of the month was a big reason why.
For further details see:
Why Shake Shack Stock Soared in February