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MarketScreener Homepage  >  Equities  >  Nyse  >  Shake Shack Inc    SHAK

SHAKE SHACK INC (SHAK)
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57.185 USD   -2.15%
08/15SHAKE SHACK : Steak 'n Shake Middletown shoots for late Aug., early ..
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08/15THE FOOD BIZ : Donut shop planned for east side
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08/14SHAKE SHACK : to open in Alabama
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Shake Shack : Steak 'n Shake Middletown shoots for late Aug., early Sept. opening

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08/15/2018 | 06:00am CEST

Steak 'n Shake is shooting for late August-early September opening for the company's first new restaurant in Middletown.

The company's location is at a former Dairy Queen location in the fast-growing area in southern New Castle County.

The goal, according to a message on Facebook is a late August or early September opening.

The restaurant plans to hire 20-25 additional staff able to work early morning and late night shifts.

Shake Shack, with its mainstay Steak Burgers, is a budget-priced menu operation that often stays open round the clock, competing with The Waffle House and IHOP. It offers breakfast, lunch, and dinner.

Steak 'N Shake has about 600 locations, mainly in the South and Midwest. The chain is now expanding to the Mid Atlantic.

Restaurant chains have been eying Middletown with its large population of families and higher income households.

Earlier this year, fast-growing Florida-based Metro Diner, opened its second Delaware location in Middletown. Metro's other New Castle County diner is in Ogletown, near Christiana Hospital. To check in on the opening date, click on the restaurant's Facebook page.

See earlier story from Delaware Business Now.

Steak 'n Shake plans location in Middletown

The post Steak 'n Shake Middletown shoots for late Aug., early Sept. opening appeared first on Delaware Business Now.

© Copyright © 2018 Bird Street Media, LLC, source Newspapers

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Financials ($)
Sales 2018 453 M
EBIT 2018 28,9 M
Net income 2018 18,4 M
Finance 2018 24,8 M
Yield 2018 -
P/E ratio 2018 118,36
P/E ratio 2019 73,49
EV / Sales 2018 4,57x
EV / Sales 2019 3,55x
Capitalization 2 094 M
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Technical analysis trends SHAKE SHACK INC
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Mean consensus HOLD
Number of Analysts 11
Average target price 54,2 $
Spread / Average Target -7,8%
EPS Revisions
Managers
NameTitle
Randall Garutti Chief Executive Officer & Director
Daniel Harris Meyer Chairman
Zachary Koff Chief Operating Officer
Tara M. Comonte CFO & Principal Accounting Officer
Phil Crawford Vice President-Information Technology
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