Shake Shack (SHAK.US) is a popular American fast-casual restaurant chain with a market capitalization of $3.37 billion as of August 8, 2023. Founded in 2004 by Danny Meyer, the first Shake Shack started as a hot dog cart in Madison Square Park, New York City. Due to its immense popularity, the company quickly expanded into a full-fledged restaurant chain offering high-quality burgers, fries, and shakes.
It went public in January 2015, listing on the New York Stock Exchange. With a focus on serving delicious and sustainably sourced food, the company has since grown into a global brand with locations across the United States and in various international markets. It continues to be a favorite among burger enthusiasts, providing a unique dining experience with its "fine casual" approach to fast food.
Shake Shack's share price history has been volatile, to say the least. Since its IPO in 2015, the stock has experienced several significant price fluctuations. The lowest stock price reached in the past five years was $30.01 in March 2020, due to the initial panic selling caused by the COVID-19 pandemic. The highest stock price reached was $138.38 in January 2021, largely due to an increase in demand and better-than-expected earnings reports.
An example of a trading strategy that traders may consider when trading the stock is position trading. Position trading involves holding a position for an extended period of time in an attempt to capitalize on larger price movements. Position traders may look for fundamental factors such as earnings reports, news releases, and market trends to help make their trade decisions.
Traders may also consider using a variety of technical indicators and tools. One popular indicator is the Fibonacci retracement, which helps traders identify potential levels of support and resistance.
Before jumping into trading Shake Shack shares, it's crucial to look at its competition to get a better understanding of how the company stands out from its peers. It's competitors include:
- McDonald's (MCD.US) is a renowned American fast-food chain, operating globally, known for its iconic burgers, fries, and fast-service restaurants. Founded in 1940, it has become one of the world's largest and most recognizable fast-food brands.
- Yum! Brands (YUM.US) is a multinational fast-food corporation that owns well-known brands like KFC, Pizza Hut, and Taco Bell. Founded in 1997, Yum! Brands operates thousands of restaurants worldwide.
- Chipotle Mexican Grill (CMG.US) is a popular fast-casual restaurant chain serving Mexican cuisine. Founded in 1993, it gained popularity for its customizable burritos, bowls, and tacos made from fresh ingredients. Chipotle emphasizes sustainability and responsible sourcing.
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Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.