Updated:
Shake Shack Inc.
Shake Shack Inc. is the publicly traded parent company of the fast-casual burger chain founded by Danny Meyer in 2004.
Shake Shack Inc.
Shake Shack Inc. was founded in 2004 by restaurateur Danny Meyer as a permanent kiosk in New York City's Madison Square Park, expanding from a single cart launched in 2001. The company went public on the New York Stock Exchange under the ticker SHAK in January 2015, raising capital through an IPO. Meyer, through his hospitality group Union Square Hospitality Group (USHG), retains a significant ownership stake and remains chairman. The company's operating model focuses on premium fast-casual burgers, shakes, and fries, with a mix of company-operated and licensed locations. As of 2023, Shake Shack had over 300 restaurants in the US and 14 international markets, including the UK, Japan, and the Middle East. Revenue streams come primarily from company-operated sales, with licensing fees from international partners. With over 10,000 employees globally, Shake Shack's team includes leadership from CEO Randy Garutti, who has been with the company since 2004. The brand maintains its headquarters in New York City with additional corporate offices in La Jolla, California, and Montreal, Canada. In 2022, Shake Shack opened its first drive-thru location, marking a shift toward convenience-oriented growth. Shake Shack's structural differentiator is its origin as a USHG concept — one of the few successful spin-offs from a multi-concept restaurant group into a publicly traded standalone company. The separation from USHG in 2015 created a unique capital structure where the founding hospitality group holds a minority stake while the public markets fund expansion.
General information
Firm type
Asset Manager
Year founded
2004
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
La Jolla · Bellaire · Nashua · Montreal
Sector focus
Frequently asked questions
Who controls Shake Shack Inc.?
Shake Shack Inc. is a publicly traded company (NYSE: SHAK) with no single controlling shareholder. Danny Meyer, through his hospitality group USHG, is the largest individual shareholder and serves as chairman. CEO Randy Garutti runs daily operations.
How does Shake Shack make money?
The company generates revenue from company-operated restaurant sales (the majority) and licensing fees from international operators. In 2023, system-wide sales exceeded $1 billion.
What is the relationship between Shake Shack and Union Square Hospitality Group?
USHG, founded by Danny Meyer, originally developed Shake Shack as one of its restaurant concepts. When Shake Shack went public in 2015, it separated from USHG. USHG retains a minority ownership stake and Meyer serves as chairman.
Where are Shake Shack's corporate offices?
The company's global headquarters is in New York City. It also maintains corporate offices in La Jolla, California, and Montreal, Canada, which support operations and international expansion.
Does Shake Shack have a family office or investment arm?
No — Shake Shack Inc. is a publicly traded restaurant company, not a family office or asset manager. The underlying entity is the corporate parent of the restaurant chain.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: