Yeah, we will be seeing the last the "shake shakers" within the decade. Their fries suck and the meat tasts worse than a big mac. $25.00 per share, here we come,
The stock and company are finished. If they are fortunate may end up as a fleet of food trucks selling/giving away subpar burgers and frozen costco fries to homeless For tax breaks.
SHAK 45.20 -3.28 -6.77%... Danny Meyer apparently keeping only a ~$1m stake. http://www.nasdaq.com/article/shake-shacks-preipo-investors-cashing-out-20151008-00524 Founder Daniel Meyer, chief executive of Union Square Hospitality Group—which includes Union Square Cafe and Gramercy Tavern—will whittle his stake to about 30,000 shares, according to the filing.