Latest news with #ShakeShackInc
Business Wire
a day ago
- Business
- Business Wire
Shake Shack Appoints Jamie Griffin as Chief People Officer
NEW YORK--(BUSINESS WIRE)-- Shake Shack Inc. ('Shake Shack' or the 'Company') (NYSE: SHAK) today announced the appointment of Jamie Griffin as Chief People Officer, effective immediately. Griffin will report to Rob Lynch, CEO of Shake Shack. 'Jamie brings a deep passion for restaurants, an incredible track record of scaling great brands, and a genuine commitment to people,' said Rob Lynch, CEO of Shake Shack. 'As we look toward growing to 1,500 Shacks and welcoming thousands of new team members, his leadership will be instrumental in helping us to continue to build the kind of Shake Shack that we can all be proud of.' As Chief People Officer, Griffin will serve as a strategic advisor to executive leadership and the Board of Directors, guiding the vision and execution of Shake Shack's people-first approach. Griffin will oversee key areas of the Company, including team member experience, talent acquisition, organizational design, leadership development, total rewards, HRIS operations, compliance, and team member relations. Additionally, he will lead the Shack Support Center HR team to support enterprise growth, build organizational capability, and shape a high-performance, people-first culture rooted in enlightened hospitality. "I'm honored to join Shake Shack at such a meaningful moment in its journey. Shake Shack's people-first culture and bold growth align with my passion for building exceptional workplaces and cultivating the leaders who power them,' said Griffin. 'I'm energized to partner with our teams to develop our people, strengthen the systems that support them, and ensure our culture scales with purpose." A seasoned hospitality leader and founder of the strategic advisory firm Consult to Grow®, Griffin brings more than two decades of experience helping restaurants scale, evolve, and build strong, people-centered cultures. During his tenure at Raising Cane's Chicken Fingers, he held roles across multiple parts of the business, rising to Senior Vice President. He holds a Bachelor of Science from Louisiana State University, an MBA from Tulane, and is a Senior Certified Professional with the Society for Human Resources. ABOUT SHAKE SHACK Shake Shack serves elevated versions of American classics using only the best ingredients. It's known for its delicious made-to-order Angus beef burgers, crispy chicken, hand-spun milkshakes, house-made lemonades, beer, wine, and more. With its high-quality food at a great value, warm hospitality, and a commitment to crafting uplifting experiences, Shake Shack quickly became a cult-brand with widespread appeal. Shake Shack's purpose is to Stand For Something Good®, from its premium ingredients and employee development, to its inspiring designs and deep community investment. Since the original Shack opened in 2004 in NYC's Madison Square Park, the Company has expanded to over 610 locations system-wide, including over 390 in 34 U.S. States and the District of Columbia, and over 215 international locations across London, Hong Kong, Shanghai, Singapore, Mexico City, Istanbul, Dubai, Tokyo, Seoul and more. Skip the line with the Shack App, a mobile ordering app that lets you save time by ordering ahead! Guests can select their location, pick their food, choose a pickup time and their meal will be cooked-to-order and timed to arrival. Available on iOS and Android.
Business Wire
6 days ago
- Business
- Business Wire
Shake Shack to Announce Second Quarter 2025 Financial Results on July 31, 2025
NEW YORK--(BUSINESS WIRE)--Shake Shack Inc. ('Shake Shack' or the 'Company') (NYSE: SHAK), will release second quarter 2025 financial results on July 31, 2025, before the market opens. In conjunction with the earnings release, Shake Shack will host a conference call at 8:00 a.m. ET. Hosting the call will be Rob Lynch, Chief Executive Officer, and Katie Fogertey, Chief Financial Officer. The conference call can be accessed live over the phone by dialing (877) 407-0792, or for international callers by dialing (201) 689-8263. A replay of the call will be available until August 7, 2025 by dialing (844) 512-2921 or for international callers by dialing (412) 317-6671; the passcode is 13753940. The live audio webcast of the conference call will be accessible in the Events & Presentations section on the Company's Investor Relations website at An archived replay of the webcast will also be available shortly after the live event has concluded. About Shake Shack Shake Shack serves elevated versions of American classics using only the best ingredients. It's known for its delicious made-to-order Angus beef burgers, crispy chicken, hand-spun milkshakes, house-made lemonades, beer, wine, and more. With its high-quality food at a great value, warm hospitality, and a commitment to crafting uplifting experiences, Shake Shack quickly became a cult-brand with widespread appeal. Shake Shack's purpose is to Stand For Something Good®, from its premium ingredients and employee development, to its inspiring designs and deep community investment. Since the original Shack opened in 2004 in NYC's Madison Square Park, the Company has expanded to more than 600 locations system-wide, including over 390 in 34 U.S. States and the District of Columbia, and over 210 international locations across London, Hong Kong, Shanghai, Singapore, Mexico City, Istanbul, Dubai, Tokyo, Seoul and more. Skip the line with the Shack App, a mobile ordering app that lets you save time by ordering ahead! Guests can select their location, pick their food, choose a pickup time and their meal will be cooked-to-order and timed to arrival. Available on iOS and Android.
Bloomberg
28-05-2025
- Business
- Bloomberg
Shake Shack to Reward Customers for Buying Burgers More Frequently
Shake Shack Inc. is rolling out its first loyalty program, betting that it can boost sales by enticing diners to visit more often. Starting Wednesday, the New York-based chain will offer app users small and large sodas for $1. On June 5, Shake Shack will allow customers ordering online or on the app to unlock discounts by ordering a burger or BBQ sandwich at least twice within a certain time period. The company will unveil a broader loyalty platform later this year.
Yahoo
27-05-2025
- Business
- Yahoo
Should You be Optimistic on Shake Shack's (SHAK) Growth?
Carillon Tower Advisers, an investment management company, released its 'Carillon Eagle Small Cap Growth Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. Small-cap stocks experienced a significant drop in Q1, with the Russell 2000 Growth Index (down 11.12%) trailing the Russell 2000 Value Index (down 7.74%). In the Russell 2000 Growth Index, real estate, which increased by 1.76%, outperformed all sectors both absolutely and relatively. The only other sector delivering positive returns was consumer staples, which rose by 0.67%. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Carillon Eagle Small Cap Growth Fund highlighted stocks such as Shake Shack Inc. (NYSE:SHAK). Shake Shack Inc. (NYSE:SHAK) owns, operates, and licenses Shake Shack restaurants. The one-month return of Shake Shack Inc. (NYSE:SHAK) was 31.17%, and its shares gained 20.62% of their value over the last 52 weeks. On May 23, 2025, Shake Shack Inc. (NYSE:SHAK) stock closed at $117.62 per share with a market capitalization of $5.018 billion. Carillon Eagle Small Cap Growth Fund stated the following regarding Shake Shack Inc. (NYSE:SHAK) in its Q1 2025 investor letter: "Shake Shack Inc. (NYSE:SHAK) is a fast-casual restaurant chain offering burgers, hot dogs, crinkle-cut fries, chicken dishes, milkshakes, and other beverages. The stock lagged during the period due to slightly disappointing 3-year margin guidance and a choppy first quarter in sales for the restaurant industry overall. Although investors were disappointed in the 3-year targets outlined during January's ICR Conference, the targets seemed conservative in our view and the company highlighted potential for future growth against a challenging consumer backdrop. We remain optimistic about the company's ability to grow units, comparable sales, and margins over the next few years." A cook in a busy kitchen preparing a delicious cooking of burgers and fries. Shake Shack Inc. (NYSE:SHAK) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 39 hedge fund portfolios held Shake Shack Inc. (NYSE:SHAK) at the end of the first quarter, which was 43 in the previous quarter. In the first quarter of 2025, Shake Shack Inc. (NYSE:SHAK) reported revenue of $320.9 million, representing an increase of 10.5% year-over-year. While we acknowledge the potential of Shake Shack Inc. (NYSE:SHAK) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Shake Shack Inc. (NYSE:SHAK) and shared the list of best restaurant stocks to buy according to hedge funds. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
14-05-2025
- Business
- Yahoo
Shake Shack Inc. (SHAK): Among the Best Restaurant Stocks to Buy According to Hedge Funds
We recently compiled a list of the 12 Best Restaurant Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where Shake Shack Inc. (NYSE:SHAK) stands against the other best restaurant stocks. Restaurant stocks are businesses that own, run, and franchise full-service restaurants that sell prepared food and drinks at retail. According to estimates from the National Restaurant Association, restaurant sales in the United States reached an all-time high of $1.1 trillion in 2024. The industry's sales exceeded $1 trillion for the first time ever. According to the group, the industry's workforce was projected to go up by 200,000 jobs in 2024, bringing its total employment to just under 16 million by the end of the year. Restaurants are facing increased competition as well as greater operating expenses, especially labor costs. Michelle Korsmo, President & CEO of the National Restaurant Association, stated: 'With more than $1 trillion in sales expected this year, the state of the restaurant industry is strong thanks to the agility of its operators and employees,' 'As our report shows, restaurants are finding ways to adapt to the challenges of increased food costs and supply chain disruption. Restaurants have responded well to customers' desire to have more opportunities to enjoy restaurant meals, which continues to grow sales, create employment opportunities, and foster a strong sense of community.' Nonetheless, as the macro economy continues to exhibit signs of inflation, many diners are having a tough time and are spending carefully. Furthermore, labor shortages, cost inflation, and an unstable economy that may reduce demand are issues that all restaurants are dealing with. Not every restaurant will do well in this volatile setting. However, the most remarkable financial resilience should be shown by companies that offer a strong value proposition to customers and keep a stable moat over the coming years. As per the National Restaurant Association's research report, the restaurant business in the United States is expected to increase further in 2025, with sales expected to exceed $1.5 trillion. Employment is predicted to jump by 200,000, bringing the total workforce to 15.9 million. Demand from customers is still strong; 90% of adults claim they like eating out because of the different tastes and experiences that restaurants provide. Value is a top priority, as 47% of operators want to launch new sales or promotions to draw clients. However, many customers value experience more than price: 47% of limited-service diners and 64% of full-service diners place a higher value on dining experiences than on prices. On-premises traffic is a primary strategic priority, with 90% of fine dining and 87% of casual dining operators prioritizing it over off-premises sales. Despite their willingness to pay, many consumers say they would eat out more often if they had more money to spend. As operators strike a balance between innovation, price, and experience to foster loyalty and growth, these dynamics show cautious optimism. KPMG revealed not only the challenges but also major trends that will impact the restaurant business this year, based on views from senior executives. The restaurant business expects to grow in 2025 due to the introduction of new products and the opening of more outlets. However, rising labor and food costs, as well as inflationary fears, pose serious problems, especially for franchisees. Operators are putting a high priority on digital enablement to improve customer conversion, maximize operations, and modify menus to accommodate changing customer preferences to remain competitive. Industry dynamics are still being shaped by the growing dependence on third-party ordering and delivery platforms. Lastly, it is essential to keep up a positive workplace culture to attract and keep talent. A cook in a busy kitchen preparing a delicious cooking of burgers and fries. For this article, we sifted through the online rankings to form an initial list of the 20 Restaurant Stocks. From the resultant dataset, we chose 12 stocks with the highest number of hedge fund investors, using Insider Monkey's database of 1009 hedge funds in Q4 2024 to gauge hedge fund sentiment for stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here). Number of Hedge Fund Holders: 43 Shake Shack Inc. (NYSE:SHAK) operates a roadside burger business. Along with excellent burgers, hot dogs, crispy chicken, frozen custard, crinkle-cut fries, shakes, beer, wine, and more, it offers a traditional American menu. A whole-muscle blend of all-natural, hormone- and antibiotic-free Angus beef is used to make the company's burgers. The beef is ground fresh every day, grilled to order, and served on a potato bun that isn't genetically modified. Its menu consists of a variety of traditional American foods and drinks. It is ranked eighth on our list of the Best Restaurant Stocks. Shake Shack Inc. (NYSE:SHAK) announced a solid first quarter, with total revenue of $320.9 million and system-wide sales of $489.4 million, supported by the addition of 11 new Shacks to its global network. As a result of operational improvements and strict cost control, the company's first-quarter restaurant-level profit margin increased by 120 basis points year over year to 20.7%, its highest since 2019. As it works toward its long-term objective of running 1,500 company-owned Shacks and aiming to cut operating and construction costs by 10% by 2025, strategic efforts are going well. The introduction of the Dubai Chocolate Pistachio Shake, which was well received by customers and swiftly sold out, revealed that innovation in the culinary arts is still the primary goal. The licensed business also grew, as evidenced by the launch of seven new Shacks under the licensing model and a 10.4% jump in revenues year over year. BofA increased the firm's price estimate from $89 to $97. The analyst informs investors that, similar to McDonald's, Shake Shack Inc. (NYSE:SHAK)'s Q1 same-store sales increase of 0.2% was more in line with market expectations, even if it fell short of the consensus and the 2.5%–3.5% comp guidance that was issued in late February. Following the company's Q2 guidance, the company reduced its Q2 same-store sales growth estimate to 1.5% after the report was released. It also reported that its FY25 EBITDA forecast was higher at $218.7 million, as opposed to $213.0 million and the previous guidance of $ 205-$215 million. Overall, SHAK ranks 8th on our list of the Best Restaurant Stocks to Buy According to Hedge Funds. While we acknowledge the potential of SHAK as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SHAK but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
