5 Reasons Shake Shack Stock Could Make You Rich
Shake Shack is one of the fastest-growing and most popular independently-run burger chains on Earth, and news broke recently that it was quite possibly getting ready to go public. If you can get in on their IPO, here are five reasons why you might end up a very wealthy person.
It’s Worth $1 Billion
The IPO could value the company as high as $1 billion, which is five times its projected earnings of about $20 million this year.
There are more than 50 locations worldwide, and it shows no signs of slowing down. The better the company does, the higher the value of the stock climbs, and the higher the stock climbs, the more locations will open.
U.S. Sales are Massive
The chain’s biggest market is the United States, where it’s muscled out the competition enough to bring in a whopping $62.3 million in sales last year, according to Technomic.
Investors are Excited
Stocks rise and fall on the mood of investors, and when it comes to Shake Shack they’re nothing short of giddy. Not only will is signal a comeback for burger retailers, it’s run by Danny Meyer, one of the most respected men in the business.
It’s in Good Company
Other similar companies that recently went public, like El Pollo Loco and Zoe’s Kitchen, have been performing well and exceeding expectations, and Potbelly stock is also doing just fine.