Reasons Why This One Growth Stock Might Be Perfect for Your Portfolio

Any investor, regardless of their age or level of experience, should strive to maximize their returns from the stock market and invest with self-assurance. These are aims that are shared by all investors.

The Zacks Style Scores are a one-of-a-kind set of criteria that grade companies according to popular investing approaches, including value, growth, and momentum. These scores make it easier to achieve the goals that you have set for yourself. You will be able to narrow down which stocks are better for your portfolio and which ones have the potential to outperform the market over the long run with the assistance of the Style Scores.

The Growth Style Score is a tool that helps investors find corporations that will see long-term, sustainable growth by taking into account expected and historical profits, sales, and cash flow. Growth investors build their portfolios around companies that are financially stable and have a bright future.

Shake Shack (NASDAQ: SHAK) Shake Shack, Inc. is a chain of fast food hamburger restaurants that was established in the year 2001 in the state of New York. Restaurants with the Shake Shack brand can be found both in the United States and in other countries.

Shake Shack restaurants, also referred to as "Shacks," are overseen and licensed by the corporation, which also manages these establishments. The menu that is presented here includes a variety of items, including burgers, chicken, hot dogs, crinkle-cut fries, shakes, frozen custard, beer, wine, and other options.

In addition to having a Growth Style Score of A and a VGM Score of B, SHAK is a stock that has a Zacks Rank of #2 (Buy). During the current fiscal year, it is anticipated that earnings will increase by 91.9% compared to the previous year, while sales will increase by 14.6%.

Over the course of the past sixty days, thirteen experts have raised their profits forecast for the fiscal year 2024. As of right now, the Zacks Consensus Estimate has increased by $0.22, reaching $0.71 per share. With an average earnings surprise of 92.6%, SHAK is leading the pack.

In terms of cash flow, it is anticipated that Shake Shack will post a cash flow growth of 76.6% this year; during the course of the past three to five years, SHAK has created cash flow growth of 14.5%.

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