Headquartered in New York, Shake Shack Inc. (SHAK – Snapshot Report) offers all natural, vegetarian-fed Angus beef burgers and homemade custard in addition to hot dogs, crinkle cut fries, beer and wine. SHAK operates in locations that include 9 u.s. states, London, Instabul and Dubai. The restaurant launched its IPO in January of this year with a share price of $21, and has enjoyed off-and-on success since, seeing its stock price rise as high as $96.75 in May and go as low as $48.73 in June.
 
Similar to others in the restaurant industry to go public, SHAK has garnered a great deal of attention since its IPO, and as the date for just its third earnings report as a public company has neared, investor anticipation continued to grow.  Investors are looking for the company to continue to grow, and  have eyes on the company's earnings, revenue, and sales growth figures for the last quarter.
 
Adding to anticipation levels has been the recent estimate revision activity in recent weeks, as 2 analysts have raised their estimates for the quarter in just the last 60 days, with there being no analysts lowering their estimates in the same time period.
 
SHAK is currently a Zacks Rank #3 (Hold), but that ranking could be on the move in the near future given the results of the company's earnings report. Below are several key highlights that we have taken from this recently released report:
 
Earnings: SHAK was able to beat the Zacks Consensus EPS Estimate of $0.03, reporting an adjusted per forma net income of $0.09 per share for the quarter.
 
Revenue: SHAK was also able to beat on revenue estimates. The Zacks Consensus Revenue Estimate for the quarter was $43 million, but SHAK reported actual revenue of $46.6 million.
 
Key Stat to Note: SHAK was able to post substantial same store sales growth of 12% for the quarter.
 
Stock Price: SHAK saw its stock price increase $8.49, or 12.02%, to $79.13 as of 4:15 PM ET in after hours trading shortly after its earnings report was released.