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Steak ‘N Shake Half Price Happy Hour! Happy hour has arrived! Score half price shakes and drinks every weekday from 2:00 p.m. to 4:00 p.m. at Steak ‘n Shake! So many amazing milkshake choices like Nutella, Oreo Mint, Kit Kat, Butterfinger & More! No coupon necessary, valid at participating locations.