- Shake Shack (NYSE:SHAK) trades as high as $52 with the popular burger chain seeing an uncanny amount of demand.
- The company is being valued at over $1.8B off of a net income tally of $3.5M for the 39 weeks ending last September 24.
- The bright side in looking at the chain is the high average customer ticket ($10.50-$11.00 est) and restaurant-level margin (22.9% vs. 14% industry average), although those metrics are not at any meaningful scale (63 stores).
- Early investors are making out like bandits on Shake Shack, raising the question of what the conversations are like in the C-suites at Five Guys and Smashburger today.
- Previously: Buzz builds over Shake Shack IPO (Jan. 29 2015)
- Previously: Shake Shack indicated for $34-$36 open