Treasury says public companies should repay their PPP loans [CNNMoney.com]
Shake Shack, Inc. Class A (SHAK)
Last shake shack, inc. class a earnings: 2/24 04:05 pm
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Source: CNNMoney.com
Treasury says public companies should repay their PPP loans San Francisco (CNN Business) When the $349 billion Paycheck Protection Program quickly ran dry, the big companies that landed large loans drew the ire of small businesses and their advocates. Small business owners sued their banks and "cancel culture" swung into action against such well-known brands like Ruth's ( RUTH ) Chris, Shake Shack ( SHAK ) and Potbelly ( PBPB ) that secured $40 million in PPP loans among them. In recent days, companies like Shake Shack , Kura Sushi USA and the privately held Sweetgreen buckled under the public scrutiny and announced plans to return the funds. Now the government is hoping the others pay up. Under new Treasury guidance issued Thursday , PPP borrowers must certify "in good faith" that they absolutely need the loans to keep operating. That includes taking into account aspects such as business activity and their ability to access other sources of capital.
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SHAK
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