Following news that recently IPOed cult burger joint Shake Shack is preparing to start selling... chicken [3], its stock has gone even more parabolic than before and is up nearly 10% today alone hitting a new all time high $3.2 billion market cap.
While this relentless rise is no doubt facilitated by the stock being hard-to-borrow and having a triple digit borrow cost, thus making shorting effectively impossible, one quick look at fundamentals, irrelevant as they may be in this market, put the company's valuation per restaurant in perspective not only to such established fast food names as McDonalds, but other recent "hot" restaurant debuts.
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