The Trans-Pacific Partnership trade deal vote advances, health officials are racing to find the source of a sushi salmonella outbreak and Shake Shack is introducing chicken to its menu. CBS News MoneyWatch's Jill Wagner has a wrap of the day's business headlines for CBSN.
Shake Shack's shares keep rising as the company announces plans to open more restuarants. But each Shake Shack location is worth a ridiculous amount of money, notes Brody Micolucci on StockTwits. He shared a chart from ZeroHedge which shows the company's share value divided by number of restaurants. A single Shake Shack is worth nearly $50 million. Show More Summary
The iconic, Pavlovian Response-inducing sign for the upmarket burger-chain Shake Shack is up on Michigan Avenue, at the site of the city's second location. [ more › ]
Though burger chain Shake Shack has yet to extend its reach to every state or even region of the United States, the company is reportedly ready to start looking beyond beef patties and enter the chicken sandwich arena, according to a new report. With 63 locations worldwide, including 10 in its hometown New York City and elsewhere in the U.S. … [More]
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Shake Shack Inc. filed for the trademark "Chicken Shack" last month, fueling speculation that the company will expand its burger empire into poultry. The application was filed on April 20 by SSE IP,... To view the full story, click the title link.
Fingers crossed. While New Yorkers are off celebrating the original Shake Shack's grand reopening, there's actually another bit of fabulous news: Using a less-conspicuous subsidiary called SSE IP, Shake Shack applied to trademark the words "Chicken Shack" last month. Show More Summary
Following news that recently IPOed cult burger joint Shake Shack is preparing to start selling... chicken, its stock has gone even more parabolic than before and is up nearly 10% today alone hitting a new all time high $3.2 billion market cap. Show More Summary
A serious rivalry could be heating up
Shake Shack is up another 8% on Thursday. And why not? Through Wednesday's close, the stock was already up 20% this week, and since its earnings report last Wednesday the stock was up about 22% through Wednesday. Currently, the stock is trading at around $89.50 per share, giving it a market cap over $3 billion. Show More Summary
A trademark application points to yes. Cult-loved burger chain Shake Shack — which recently reopened its original NYC location — might be expanding its menu to include chicken sandwiches. Currently, the restaurant serves burgers, hot...Show More Summary
Shake Shack super fans have stood in line for up to three hours on occasion, just for some not-so-fast fast food. The joint's earned a kind of cult following for its gourmet burgers, fantasy-filled shakes and "anti-chain chain" image. A lesser-known reason to love Shake Shack is breakfast: three of its locations serve morning meals. Show More Summary
The Shake Shack Sheeple flocked to Madison Square Park today to welcome the next iteration of Shake Shack's original flagship location. The chain reopened the location this morning following seven months of construction, during which the city had literally no other way to procure Shake Shack. So naturally, there was a line. [ more › ]
Customers began lining up at 9 a.m., two hours before service began. After seven burger-less months, Shake Shack's flagship location finally reopened today in Madison Square Park — to a long, long line of hungry Shack fans. Danny Meyer threw a giant party in honor of his firstborn called the "Great American Shake Sale," and it'll run until 11 p.m. Show More Summary
Shake Shack founder Danny Meyer can enjoy multiple pieces of good news today.
Shake Shack is ripping higher. In early trade on Wednesday, shares of the burger chain were up more than 6.5%, bringing the stock's gains since reporting earnings after the close last Wednesday to nearly 20%. One analyst called thisShow More Summary
Another day, another power play by restaurateur extraordinaire Danny Meyer. It appears the progenitor of Shake Shack has decided to enter the city's Food Hall Pantheon, taking over a 40,000-square foot space of the forthcoming Hudson Yards development, reports Crains. Show More Summary
It's been over seven months since Shake Shack's flagship location shuttered for renovations, a full two months longer than initially expected. The Madison Square Park original has been a sad husk in the intervening months, but it'll all be brought back to life this Wednesday, May 20th, when the OG location triumphantly reopens for service. [ more › ]
Welcome back. Hallelujah: Come Wednesday, Madison Square Park's flagship location of Shake Shack will resume its burger operations. After over seven months of renovations, it's expected to have the same look and feel, but it has grown...Show More Summary
Outside of burgers, the two fast food chains couldn’t be more different