Shake Shack holds back on vegan burger, not sure if fake meat is more than a fad [Los Angeles Times (CA)]
Shake Shack, Inc. Class A (SHAK)
Last shake shack, inc. class a earnings: 2/24 04:05 pm
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Source: Los Angeles Times
Shake Shack holds back on vegan burger, not sure if fake meat is more than a fad Shake Shack Inc. is staying away from vegan burgers, at least for now. The fast-food chain, known for its Pat LaFrieda beef and crinkle cut fries, is watching the vegan burger trend that’s been turbocharged by Beyond Meat Inc.’s massive post-IPO stock rally. But Shake Shack isn’t ready to get on board, according to Chief Executive Officer Randy Garutti. First, the chain, which made its name taking “classic American menu items and doing them better,” wants to see if the buzz has staying power. “If people keep coming back for these products, once this euphoria moves past its initial stages, then let’s listen and learn and we’ll see,” Garutti said in an interview. For now, the company is testing a vegetarian burger that was created in-house in about 20 restaurants, including some in New York. Garutti said the company has spoken with Beyond Meat and its rival Impossible Foods Inc. and is watching as companies
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News
- Shake Shack Inc. (NYSE: SHAK) had its price target raised by analysts at UBS Group AG from $110.00 to $115.00. They now have a "neutral" rating on the stock.MarketBeat
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- 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
SHAK
Earnings
- 5/2/24 - Beat
SHAK
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 8-K
- SHAK's page on the SEC website