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A Shake Shack restaurant is worth a ridiculous amount of money
(Instagram / Shake Shack)
The value of Shake Shack's shares keeps rising as the burger chain announces plans to open more restaurants.
But each Shake Shack location is worth a ridiculous amount of money, Brody Micolucci notes on StockTwits.
Micolucci shared a chart from ZeroHedge that shows the company's share value divided by the number of its restaurants.
A single Shake Shack location is worth nearly $50 million. That compares with about $10 million for a Chipotle location and $3 million for one from McDonald's.
Shake Shack has 63 locations, with plans to open hundreds more. The company's market cap is $3.42 billion.
$SHAK Ridiculous...
— Brody Micolucci (@BrodyMicolucci) May. 21 at 01:12 PM
Shake Shack's high-quality, ethically sourced food and excellent customer service have drawn many comparisons to Chipotle.
But the brand probably will not become as ubiquitous as the famous burrito chain.
"Shake Shack will certainly have its success," Brian Sozzi, chief equities strategist at Belus Capital Advisors, previously told Business Insider. "But the brand enters an industry chock full of better-burger businesses and chains doing healthier fast food, such as Chipotle."
Fast-food powerhouses such as Starbucks, McDonald's, and Chipotle offer customers fundamentally different experiences, Sozzi says.
"Starbucks created premium coffee, McDonald's arguably created the burger and french fry," he says. "Chipotle was the anti-Taco Bell and was transparent about ingredients."
While Shake Shack's food has a cult following, it faces steep competition.
NOW WATCH: We got inside Shake Shack and found out what the hype is all about
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