James Beard Award Winning Chef Opens Donut & Chicken Franchise That's Taking Off [Forbes]
Shake Shack, Inc. Class A (SHAK)
Last shake shack, inc. class a earnings: 2/24 04:05 pm
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Source: Forbes
In Philadelphia, foodies know Israeli-born chef Michael Solomonov for his James Beard Award winning restaurant Zahav and he's also a fixture in Brooklyn where he co-runs with Steve Cook, a former investment banker turned restaurateur, Laser Wolf and Faffa Cocktail & Raw Bar. But Solomonov and Cook combined to open a different kind of restaurant, the fast-casual, Federal Donuts & Chicken in 2011, that has expanded to 10 locations around Philadelphia including two arena stands. And now with capitalization in 2022 from NewSpring Franchise, a private equity firm, Federal Donuts & Chicken is opening three new franchised Pennsylvania locations. In March it debuted its first franchised outlet in Las Vegas at the Red Rock Casino Resort & Spa. Solomonov and Cook said the idea for the chicken and donut menu sprang from late night discussions between them after work at the Korean fried chicken joint Café Soho in North Philly. The duo viewed “donuts and fried chicken as iconic foods, and the
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SHAK
News
- Shake Shack Inc. (NYSE: SHAK) had its price target raised by analysts at Truist Financial Co. from $115.00 to $124.00. They now have a "buy" rating on the stock.MarketBeat
- Shake Shack Inc. (NYSE: SHAK) had its price target raised by analysts at Barclays PLC from $92.00 to $108.00. They now have an "equal weight" rating on the stock.MarketBeat
- Why Shake Shack (SHAK) is a Top Growth Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- Shake Shack swings to profit in Q1 2024 [Yahoo! Finance]Yahoo! Finance
- Shake Shack Inc. (NYSE: SHAK) had its price target raised by analysts at Wedbush from $100.00 to $110.00. They now have a "neutral" rating on the stock.MarketBeat
SHAK
Earnings
- 5/2/24 - Beat
SHAK
Sec Filings
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 5/1/24 - Form 144
- SHAK's page on the SEC website