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Shake Shack Satisfies Wall Street's Munchies

Fourteen years ago, Shake Shack (NYSE:SHAK) started out as a hot-dog stand in New York. Today the franchise sports 63 stores in multiple countries. When the company officially went public on Friday, 30 January 2015, it amassed a price tag close to $2 billion. Billed as a fast-casual dining experience, this hamburger chain is quickly becoming the gold standard in the industry. Barely a week ago, Shake Shack expected to sell 5 million shares for just $14 each. By high noon on 30 January 2015, those same shares were priced at $48 each. The surging share price is a little curious given that the company managed an anaemic growth rate of 1.2% for Q4, 2014. This pales in comparison to the 8% gain in sales for…