The burger chain Shake Shack told investors on Monday that it plans to expand aggressively in the years ahead. Its goal is to eventually operate 1,500 stores. Currently, it has just over 300.

Shake Shack has its sights set on massively expanding its popular burger chain. The company raised its target for company-operated restaurants in America to "at least" 1,500 in the long-term ...

Shake Shack (NYSE:SHAK) reversed early gains and closed on Monday with a loss of 5.4% as the company’s 3-year projections suggested a slower pace of growth from the current projections for FY24.