The burger upstart's profit profile is weakening.
News & Analysis: Shake Shack
The stock has had a great year so far, but it was high time for the price to revert to reality.
Investors took some profits off the table ahead of the fast-food company's third-quarter earnings report.
After rocketing higher for most of 2019, Shake Shack stock fell dramatically after investors were disappointed with the company's recent guidance update.
The burger chain's plan to temporarily close some locations for renovations is likely to pressure its profits in 2020.
Poor earnings took many stocks lower Tuesday.
Slowing comparable sales and commitment to Grubhub put pressure on the high-priced stock.
SHAK earnings call for the period ending September 30, 2019.
Investors will get more clarity on the burger upstart's growth outlook this week.
A social media turnaround story, a fast-growing burger flipper, and a next-gen auto retailer have seen their stocks soar by at least 100% this year.