Shake Shack returning all $10M of PPP loan [Seeking Alpha]
Shake Shack, Inc. Class A (SHAK)
Last shake shack, inc. class a earnings: 2/24 04:05 pm
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Source: Seeking Alpha
ConsumerShake Shack returning all $10M of PPP loanApr. 20, 2020 12:28 AM ET|Shake Shack Inc. (SHAK)Jason AycockAfter an outcry, Shake Shack (NYSE:returning all $10M of its loanThe burger chain is one of more than a dozen companies who drew criticism for tapping the small-business loan program despite having revenues in the hundreds of millions. The PPP ran out of money less than two weeks after launch.Shake Shack took part because the law allowed any restaurant business with no more than 500 employees at a location, which applies to Shake Shack's 150-plus locations. (It also explains why others such as Potbelly tapped the fund.)But founder Danny Meyer and CEO Randy Garutti said they've secured separate funding and decided to return the entire $10M so others that "need it most can get it now."Click to subscribe to real-time analytics on SHAKNow read:Most Heavily Shorted Stocks - April 2020 »
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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