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Shake Shack Surges on Earnings Beat: Are Shares a Buy?

Shake Shack shares are up after the company handily beat earnings and revenue estimates in Q3.Shares of Shake Shack (SHAK +5.61%) rose 5% in intraday trading on Thursday as the company's well-received third-quarter earnings report pushed shares higher. The company reported revenue of 367.4millionforthequarter,up15.9367.4 million for the quarter, up 15.9% year over year. Net income was 12.5 million, while its restaurant-level profit margin ticked up to 22.8%.Just as important as the improved numbers was the expectations game. Shake Shack ...