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4-Traders Homepage  >  Equities  >  Nyse  >  Shake Shack Inc    SHAK

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Shake Shack : Mary Brickell Village Welcomes Shake Shack As New Tenant

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11/10/2017 | 05:16pm CET

(PRWeb) - Mary Brickell Village, the urban lifestyle center featuring grocery, dining, shopping, and entertainment in the heart of Brickell, welcomes Shake Shack, the modern day roadside burger stand, as a new tenant opening summer of 2018. RKF, the exclusive retail leasing agent at Mary Brickell Village, brokered an agreement for Shake Shack to lease a brand new 2,980 SF stand-alone building on the east parcel of the center.

Shake Shack is known for its 100% all-natural Angus beef burgers and chicken sandwiches (no added hormones or antibiotics ever), griddled flat-top dogs, fresh-made frozen custard and crispy crinkle cut fries. A fun and lively community gathering place with widespread appeal, Shake Shack has earned a cult-like following around the world and is continuing to grow in popularity in South Florida- making this their fourth location in the region and first in the Brickell Area.

Shake Shack will activate and bring energy to the to the east courtyard - and do what they do - create a destination and a great place to hang out. This aligns well with the existing vibe of Mary Brickell Village and will take it to the next level. John Ellis, Senior Director of RKF, who represents the landlord in the transaction said, Shake Shack is approachable, socially conscious and resonates with the local neighborhood, the daily business crowd and tourist visitors alike. I am confident that Shake Shack will be embraced by the Miami community and feel right at home in Mary Brickell Village.

Mary Brickell Village is one of the most popular downtown destinations, attracting locals and visitors to its diverse list of retail offerings, including upscale bars and eateries and anchored by Publix and LA Fitness. The property is composed of two parcels divided by S. Miami Avenue, spanning two blocks sandwiched between 9th and 10th Street. The property can also be accessed via Miami Metrorail at Brickell Station and by the Metromover. It is well known for its exciting nightlife scene and holiday promotional events. Shake Shacks addition to the property is part of a larger plan to enhance the offerings and atmosphere at Mary Brickell Village.

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About Mary Brickell Village Mary Brickell Village is an urban oasis of shopping, dining and nightlife tucked away in the heart of Miamis vibrant Brickell corridor. Spanning two city blocks, boasting nearly 200,000 square feet of retail space and over 800 parking spaces in a seven-level garage, this open-air hub moves with the rhythms of Miami. Eclectic boutiques and exclusive shops bustle by day. Come sundown, great eateries, lively bars and an intimate village vibe attract locals eager to decompress in a casual, and yet, thoroughly cosmopolitan setting. Mary Brickell Village has fast-become the social center of Miami, embracing the citys youthful exuberance with a breezy charm thats impossible to resist. This is where people gather for a well-earned break from the high-rises and high-speed pace of Miami. It just happens to be conveniently located right in the heart of it all.

About Shake Shack Shake Shack is a modern day roadside burger stand known for its 100% all-natural Angus beef burgers and flat-top Vienna beef dogs (no added hormones and no antibiotics ever), 100% all-natural cage-free chicken (no antibiotics ever), spun-fresh frozen custard, crinkle cut fries, craft beer and wine (available at select locations) and more. With its fresh, simple, high-quality food at a great value, Shake Shack is a fun and lively community gathering place with widespread appeal. Shake Shacks mission is to Stand For Something Good, from its premium ingredients and caring hiring practices to its inspiring designs and deep community investment. Since the original Shack opened in 2004 in NYCs Madison Square Park, the company has expanded to more than 90 locations in 18 U.S. States and the District of Columbia, and more than 55 international locations including London, Istanbul, Dubai, Tokyo, Moscow, Seoul and more.

(c) 2017 The Zimbabwean. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2017 356 M
EBIT 2017 32,4 M
Net income 2017 17,6 M
Finance 2017 30,1 M
Yield 2017 -
P/E ratio 2017 64,73
P/E ratio 2018 62,92
EV / Sales 2017 3,77x
EV / Sales 2018 2,94x
Capitalization 1 371 M
Chart SHAKE SHACK INC
Duration : Period :
Shake Shack Inc Technical Analysis Chart | SHAK | US8190471016 | 4-Traders
Technical analysis trends SHAKE SHACK INC
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 39,4 $
Spread / Average Target 5,5%
EPS Revisions
Managers
NameTitle
Randall Garutti Chief Executive Officer & Director
Daniel Harris Meyer Chairman
Zachary Koff Chief Operating Officer
Tara M. Comonte Chief Financial Officer
Phil Crawford Vice President-Information Technology
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