Over the past year since the company went public, Shake Shack's stock has done nothing but surprise experts in the market, as the fast casual chain grows exponentially, having already gone a long way from being a food cart in Madison Square Park 15 years ago to the fastest-growing chain in the country.
The most recent Shake Shack stock numbers place the chain above Chipotle, the staple fast casual restaurant chain, and now the company's worth approximately as much as major chains such as Papa John's or Wendy's, while experts wait to see what's the next jump for this New York City burger.
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CNBC reports that Shake Shack's stock has risen to incredible amounts, namely 230 percent since it went public last January, trumping all expectations by far and wide while fast food chains, particularly industry giant McDonald's, has been consistently reporting some of the lowest numbers in its trading history.
They are expanding big time too. Coming for McDonald's/Five Guys and their fast food thrones.
Ugh no.. they put one of the first shake shacks outside of NYC where I live and its always empty since the hype died down. The burgers are not even that good.
