Here's how big companies used a loophole to get Paycheck Protection Program loans [MSNBC.com]
Shake Shack, Inc. Class A (SHAK)
Last shake shack, inc. class a earnings: 2/24 04:05 pm
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Source: MSNBC.com
Raymond BoydSome big restaurant chains have gotten called out in recent days for using a loophole in the $2.2 trillion coronavirus relief law to access loan money earmarked for smaller businesses.Potbelly Sandwich Shop, for example, got a $10 million loan from the Paycheck tection gram — the upper lending limit. Ruth's Chris Steak House got $10 million for each of two subsidiaries.And it's not just restaurants. Other large businesses like hotel operators and energy companies have gotten loans for millions of dollars, according tonews reportsThe $349 billion in program fundingran out on Thursday"There have been some people, some companies approved that I believe should not have been under the intent of the law," Sen. Marco Rubio, R-Fla., and chairman of the Senate Committee on and Entrepreneurship,told CNBCVIDEO7:3907:39Shake Shack CEO Randy Garutti on returning $10M government loanSquawk on the StreetHamburger restaurant chain Shake Shack is among the companies to have received a $10
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News
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- Shake Shack (SHAK) is now covered by DA Davidson. They set a "buy" rating and a $125.00 price target on the stock.MarketBeat
- How to have the best Sunday in L.A., according to Jordan Chiles [Los Angeles Times (CA)]Los Angeles Times
- 1 Profitable Stock on Our Watchlist and 2 Facing Challenges [Yahoo! Finance]Yahoo! Finance
SHAK
Earnings
- 2/26/26 - Beat
SHAK
Sec Filings
- 3/6/26 - Form 144
- 3/4/26 - Form 4
- 3/3/26 - Form 4
- SHAK's page on the SEC website