The bad news is that Shake Shack ($SHAK) stock is down more than 20% from its highs; the good news is that shares remain 85% up in 2019. And the best news of all is, after a string of quarterly earnings successes, Shake Shack's alternative data looks about as good as its burgers. 

Shake Shack keeps growing. And, so do the job postings. Our first chart tracks job postings over time, and although they're a bit cyclical - dipping at the end of the calendar year - they still rose more than 175% over 2019 and grew in Q3. 

Part of the reason job postings are growing (and - not shown - headcount keeps growing) is that Shake Shack remains in expansion mode. Not only did the burger restaurant increase staffing levels, it also grew total store count by more than 15% - and, it kept growing in Q4. 

Finally is our metric that creates a view of how often a brick-and-mortar business earns foot traffic. And, for Shake Shack, it appears to be good news. The company's Facebook ($FB) Were Here Count has continually progressed upward for most of the last two years - just as its store count, headcount, and job postings have. Despite the September stock swoon, it still looks like things are hot at Shake Shack. 

Analysts tracking Shake Shack are expecting EPS $0.20 when the company announces earnings on November 4. 

About the Data: 

Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales. 

Further Reading: 

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