Tuesday, 5 May 2015

Fancy Fast Food Shares Surge in U.S. as Shake Shack Draws Shorts

Fancy Fast Food Shares Surge in U.S. as Shake Shack Draws Shorts

Investors seem willing to pay just about anything for a better burger. Half a dozen food chains have held piping-hot stock market debuts in the past year to meet a growing appetite for "fast-casual" restaurants catering to younger and more affluent diners willing to pay more for fresher, higher quality fare than they expect to find at traditional fast food places like McDonald's.
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