Why Shake Shack Stock Popped Today

Shares of** Shake Shack **(SHAK +9.26%) surged on Thursday after the burger chain reported strong quarterly growth metrics.

As of 2:02 p.m. EST, Shake Shack’s stock price was up over 10%.

Image source: Getty Images.

Solid Q4 results

Shake Shack’s fourth-quarter revenue jumped 22% year over year to $400.5 million. Growth was fueled by restaurant openings and rising sales at its established stores.

The purveyor of made-to-order Angus beef burgers, crinkle-cut fries, hot dogs, and hand-spun milk shakes opened 15 company-operated Shacks and 17 licensed stores during the fourth quarter.

For the full year, Shake Shack opened 45 company-operated restaurants and 40 licensed locations. It ended 2025 with a total of more than 670 stores.

Expand

NYSE: SHAK

Shake Shack

Today’s Change

(9.26%) $8.53

Current Price

$100.66

Key Data Points

Market Cap

$3.7B

Day’s Range

$99.84 - $107.34

52wk Range

$72.93 - $144.65

Volume

153K

Avg Vol

1.6M

Gross Margin

17.59%

Same-Shack sales, which measure revenue at company-operated stores open for at least two years, rose 2.1%. That marked the company’s 20th straight quarter of positive same-store sales growth.

All told, Shake Shack’s earnings before interest, taxes, depreciation, and amortization (EBITDA) leaped 20% to $56 million.

A long runway for further expansion

Looking ahead to 2026, management expects to open as many as 60 company-operated stores and 45 licensed locations. In turn, Shake Shack sees its revenue and adjusted EBITDA rising to roughly $1.7 billion and $241 million, respectively, up from $1.4 billion and $210 million in 2025.

“We are entering 2026 with confidence, guided by a clear strategy centered on profitable revenue growth, margin expansion, and strategic investments in our brand and infrastructure,” CEO Rob Lynch said during a conference call with analysts.