Mane Global Exits $80 Million Stake in Shake Shack, Is the Growth Stock in Trouble?

Mane Global Capital Management LP has fully exited its $80 million position in Shake Shack during Q3, reducing the holding by 570,507 shares. Shake Shack's share price has been highly volatile, bouncing between $75 and $140 within the last year, and the stock has slid nearly 40% from its 52-week high since August. The company has a cult-like following and has grown its same-store sales for 19 consecutive quarters, relying on new store openings for growth.