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Shake Shack is ripping higher ... again

Myles Udland   

Shake Shack is ripping higher ... again

Shake Shack Fast Food.JPG

Business Insider / Sarah Schmalbruch

Shake Shack is ripping higher.

In early trade on Tuesday, shares of the burger chain were up as much as 5%, bringing the stock's gains since reporting earnings after the close last Wednesday to around 12%.

After the company's initial public offering priced at $21 in January, the stock has more than tripled and was trading at around $76 on Tuesday.

The only news surrounding the stock in the last couple days - aside from earnings, which one analyst called a "historically impressive 'beat and raise'" quarter - is an announcement that its flagship location in Madison Square Park in New York will re-open on Wednesday, May 20.

And the re-opening of this location seems like a blowout.

The company announced it will have special burgers for the event, as well as hand-crafted scale models of the restaurant, and a special edition beer on sale.

As for what this re-opening could mean for the company, analysts at William Blair said the re-opening could weigh on Shake Shack's same-store sales performance in upcoming quarters.

In related Shack news, CNBC's Jim Cramer called the company a "Tesla for burgers" on his Mad Money program on Monday night.

Here's the chart of Shake Shack since its earnings report.

Screen Shot 2015 05 19 at 11.01.19 AM

Google Finance

And the stock chart since its debut in January.

Screen Shot 2015 05 19 at 11.02.42 AM

Google Finance

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