Shake Shack Cl A saw its IBD SmartSelect Composite Rating jump to 96 Tuesday, up from 94 the day before.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Shake Shack Cl A is currently extended beyond a proper buy zone after clearing the 111.17 buy point in a cup with handle.
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One weak spot is the company's 77 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company reported 47% EPS growth. Revenue growth came in at 15%, down from 16% in the prior quarter.
Shake Shack Cl A holds the No. 6 rank among its peers in the Retail-Restaurants industry group. Dutch Bros, CAVA Group and Super Hi Intl Hldg ADR are among the top 5 highly-rated stocks within the group.
