Why Shake Shack Stock Tumbled Today

Shares of Shake Shack (NYSE: SHAK) were getting tossed away today after the fast-casual burger chain posted underwhelming results in its third-quarter report. Comparable sales missed expectations, and guidance for the fourth quarter was disappointing. The market also seemed skeptical of a plan to temporarily close down restaurants next year for renovations and upgrades.

The stock was down 19.4% as of 1 p.m. EST.

Image source: Shake Shack.

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Source Fool.com