Restaurant Finance Watch: How big could Shake Shack get?

Restaurant Finance Watch: How big could Shake Shack get?

NRN editor and restaurant finance expert Jonathan Maze breaks down what you should be watching in the industry this week. Connect with him on the latest finance trends and news at @jonathanmaze and [email protected] RELATED: • Will an IPO lift a restaurant chain's sales? • How restaurants can take advantage of high valuations • More restaurant finance news

Wall Street’s view of Shake Shack Inc. has moderated over the past two weeks. Since its stock price surged past $90 a share on May 22, seemingly on its way to triple digits, it has fallen more than 18 percent.

Shake Shack still has one of the highest valuations among publicly traded restaurant chains, with an enterprise value multiple of more than 140 times earnings before interest, taxes, depreciation and amortization,

TAGS: Fast Casual
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