Coronavirus response: Here are the big restaurant chains who have — and haven't — returned their small business loans [Yahoo! Finance News]
Shake Shack, Inc. Class A (SHAK)
Last shake shack, inc. class a earnings: 2/24 04:05 pm
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Source: Yahoo! Finance News
On April 16, the $349 billion first round of the government’s Paycheck Protection Program PPP) for small business coronavirus relief loansran out of money after just 13 daysMany people were quickly outraged to learn that while so many small businesses were shut out of getting a loan, publicly-traded restaurant chains received loans. These included Shake Shack $10 million), Ruth’s Chris Steakhouse $20 million), Potbelly Sandwich Shop $10 million), Taco Cabana $10 million), and J. Alexander’s $15.1 million).The PPP guidelines defined a small business as having fewer than 500 full-time employees, but large chains with fewer than 500 employees per location were able to qualifythanks to a carveout that gave restaurant and hotel chains an exemptionanother $320 billion for a second round of PPP loansBy April 19,Shake Shack announced in a LinkedIn postShake Shack CEO Randy Garutti and Union Square Hospitality Group CEO Danny Meyer wrote that the PPP “came with no user manual and it was extrem
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News
- Shake Shack to Participate in Upcoming December Investor ConferencesBusiness Wire
- I tried the biggest burgers at 5 fast-food chains and ranked them from worst to best [Business Insider]Business Insider
- Should Shake Shack's (SHAK) Revenue Outlook and CFO Departure Prompt Investor Attention Now? [Yahoo! Finance]Yahoo! Finance
- Shake Shack (NYSE:SHAK) had its "strong-buy" rating reaffirmed by analysts at Raymond James Financial, Inc..MarketBeat
- Shake Shack (NYSE:SHAK) had its "hold" rating reaffirmed by analysts at Jefferies Financial Group Inc..MarketBeat
SHAK
Earnings
- 10/30/25 - Beat
SHAK
Sec Filings
- 11/26/25 - Form 4
- 11/25/25 - Form 144
- 11/25/25 - Form 8-K
- SHAK's page on the SEC website