Shake Shack Inc. (NYSE:SHAK) shares are trending on Thursday night.
Shares of the New York-based fast casual restaurant chain edged up just 0.063% to $86.86 in after-hours trading on Thursday. The late-session surge followed a 6.23% decline during regular trading.
SHAK closed regular session at $86.81, according to Benzinga Pro data.
Energy Fear
Shake Shack shares fell in the afternoon session after crude oil prices surged due to geopolitical conflict, sparking concerns over rising operational costs and a potential decline in consumer spending.
Rising crude oil prices have sparked concern in the food service industry, which depends on commercial LPG for day-to-day operations.
Peers reflected the broad sector pressure on Thursday — Brinker International Inc. (NYSE:EAT) fell 3.93%, Bloomin’ Brands Inc. …
