Shaking Up the Market

When Shake Shack went public in January, its shares were priced at $21. The next morning, the stock began trading at $47 per share, and in May, the price peaked at nearly $97. The better-burger brand’s stock has everyone from financial analysts to other limited-service executives abuzz with the possibilities of the restaurant industry’s stock potential.
A look at the initial public offering (IPO) and market conditions, though, reveals that Shake Shack’s stock results might be m