NYSE:SHAKHospitality
Shake Shack (SHAK) Stock Still Looks Expensive On Q2 Growth And Openings
Shake Shack stock has fallen 32.6% over the past year, yet the current price still screens as expensive on both an intrinsic value estimate using a Discounted Cash Flow (DCF) approach and on market multiples, which leaves investors questioning how much upside is already reflected in today’s valuation.
Over the past 12 months the share price is down 32.6%, which means recent buyers have faced a material drawdown despite some shorter term rebounds.
Recent revenue growth and new restaurant...