Shake Shack is exploding higher

Shake Shack is ripping higher.

In early trade on Wednesday, shares of the burger chain were up more than 6.5%, bringing the stock’s gains since reporting earnings after the close last Wednesday to nearly 20%.

One analyst called this report “historically impressive ‘beat and raise’” quarter.

After the company’s initial public offering priced at $US21 in January, the stock has more than tripled and was trading at around $US76 on Tuesday.

The only news surrounding the company is that Wednesday marks the re-opening of its flagship Madison Square Park location in New York City.

And the re-opening of this location seems like a blowout.

The company announced it will have special burgers for the event, as well as hand-crafted scale models of the restaurant, and a special edition beer on sale.

As for what this re-opening could mean for the company, analysts at William Blair said the re-opening could weigh on Shake Shack’s same-store sales performance in upcoming quarters.

In related Shack news, CNBC’s Jim Cramer called the company a “Tesla for burgers” on his Mad Money program on Monday night.

Here’s the chart of Shake Shack’s early spike on Wednesday.

And the stock chart since its debut in January.

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