The stock price of SHAK has climbed 92.4% year to date.Īmphastar Pharmaceuticals Inc. The Zacks Consensus Estimate for current-year earnings has improved more than 100% over the last 60 days. Shake Shack has an expected revenue and earnings growth rate of 21.5% and more than 100%, respectively, for the current year. It has also been making more investments in digitization in an effort to sustain its digital guest enhancement strategies in the near term. SHAK’s digital retention continues to be strong.

has been benefiting from various digital initiatives, strong same-shack sales and unit expansion efforts. The stock price of IDCC has jumped 95.3% year to date. The Zacks Consensus Estimate for current-year earnings has improved 0.1% over the last 60 days. InterDigital has an expected revenue and earnings growth rate of 17.4% and more than 100%, respectively, for the current year. IDCC is poised to gain from future growth opportunities fueled by the 5G rollout, while a strong emphasis on research & development helps it to stay at the forefront of wireless technology innovation. IDCC’s extensive portfolio of wireless technology patents provides a significant competitive advantage. is focused on strategic acquisitions in order to drive its product portfolio and boost organic growth. You can see the complete list of today’s Zacks #1 Rank stocks here. Each of our picks sports a Zacks Rank #1 (Strong Buy). These stocks have seen positive earnings estimate revisions in the last 60 days. These stocks have more upside left for the rest of 2023. We have narrowed our search to five mid-cap (market capital > $1 billion < $10 billion) stocks with more than 50% returns year to date. Year to date, the S&P 400 has rallied 10.7%.Īt this stage, it will be prudent to invest in mid-cap stocks to tap the broad-based ongoing rally of 2023. In the first and second quarters of 2023, like the three major stock indexes, the mid-cap-centric S&P 400 Index ended in positive territory, advancing 3.4% and 4.4%, respectively. On the other hand, if the economy remains stable, these stocks will gain more than small caps due to established management teams, a broad distribution network, brand recognition and ready access to the capital markets. If the economy faces any unforeseen internal or external disturbance, mid-cap stocks will be less susceptible to losses than their large-cap counterparts owing to their less international exposure. These may also become large caps in due course of time. Top-ranked mid-cap stocks have a high potential of enhancing their profitability, productivity and market share. These stocks combine the attractive attributes of both small and large-cap stocks.

Investment in mid-cap stocks is often recognized as a good portfolio diversification strategy. Here are highlights from Wednesday’s Analyst Blog: 5 Must-Buy High-Flying Mid-Caps to Enhance Your Portfolio Stocks recently featured in the blog include: Abercrombie & Fitch Co. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. She said that the company was getting 'smarter' about its prices by taking a tiered approach that took into account how much guests in different markets are willing to pay.Chicago, IL – J– announces the list of stocks featured in the Analyst Blog. Fogertey warned that this, coupled with higher costs, would likely cause Shake Shack's operating profit margin to fall in the quarter to March.įogertey said there was a 'pretty good reception' among customers to the October price increase, but noted that raising prices again would still be a risk. The company said that the spread of the Omicron variant was causing lower-than-average sales per hour alongside reduced operating hours and store closures due to staff sickness. Shake Shack said it had spent more on ingredients, paper, and packaging, which CFO Katie Fogertey said was unlikely to end soon. The US is grappling with soaring inflation, stemming in part from labor shortages at processors and distributors as well as soaring demand. Garutti said it had raised hourly starting wages by more than 13% during 2021.īut it's not just wages getting more expensive. Shake Shack was among the companies spending more on labor. Account icon An icon in the shape of a person's head and shoulders.

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