Shake Shack Inc. (NYSE: SHAK) left investors with a bad taste in their mouths after the premium burger chain’s disappointing first-quarter earnings report sent shares plunging 28%.
The sharp sell-off compounded what has already been a brutal stretch for the stock, which has lost roughly half its value since July. While several analysts grew more cautious about the stock following the report, Wall Street remains largely bullish on the company overall, despite the steep decline in its shares.
