Shares of better-burger company Shake Shack (NYSE: SHAK) have already hit all-time highs earlier in 2021. But 2020 wasn't an all-time good year for this business. The company is highly concentrated in urban areas, and these faced some of the toughest dining restrictions last year from the pandemic. Because of this, last year's revenue was down 12% from 2019.
Business results, therefore, haven't sent Shake Shack stock to all-time highs. Rather, investors are excited about what the company is cooking up for growth. In fact, it's about to enter its greatest growth phase ever.
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Source Fool.com