最新ニュース Shake Shack (NYSE:SHAK) 株価情報

Shake Shack

Shake Shack Inc is a roadside burger stand. It is serving a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, crinkle-cut fries, shakes, beer, wine and more. The company's burgers are made with a whole-muscle blend of all-natural, hormone and antibiotic-free Angus beef, ground fresh daily, cooked to order and served on a non-genetically modified organism (GMO) potato bun. Its menu focuses on food and beverages, crafted from a range of classic American foods. The company serves draft Root Beer, seasonal freshly-squeezed lemonade, organic fresh brewed iced tea, cold brew coffee, organic apple juice, and Shack20 bottled water.

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Shake Shack Inc

Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) announced on Tuesday that it will soon serve Shake Shack, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) burgers to its first-class <a href="https://www.benzinga.com/24/11/42087211/delta-charts-its-path-to-high-margins-and-shareholder-gains-at-2024-investor-day">passengers on select flights. </a>
What Happened: Delta&#8217;s <a href="https://news.delta.com/now-boarding-delta-serve-shake-shack-burgers-flights">partnership</a> with Shake Shack will begin on flights out of Boston on Dec. 1. 
First-class customers on routes over 900 miles may pre-select a Shake Shack cheeseburger as their meal option. Delta said it has plans to expand the offering to other U.S. markets throughout 2025. 
"A delicious cheeseburger is an iconic comfort food – our customers know that which is why burgers are one of the top ordered menu items we offer, and we're thrilled to elevate the offering with Shake Shack," said Delta managing director Stephanie Laster. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">.<a href="https://twitter.com/Delta?ref_src=twsrc%5Etfw">@Delta</a>'s first-of-its-kind partnership with Shake Shack will begin on flights out of Boston on Dec. 1, with plans for expansion to other U.S. markets throughout 2025.<a href="https://t.co/rKoNsij02K">https://t.co/rKoNsij02K</a>
&mdash; Delta News Hub (@DeltaNewsHub) <a href="https://twitter.com/DeltaNewsHub/status/1858875363721400601?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read More:<a href="https://www.benzinga.com/general/travel/24/11/42014787/delta-united-alaska-air-are-top-analyst-picks-in-airline-sector"> Delta, United, Alaska Air Are Top Analyst Picks In Airline Sector</a>
Delta has a separate partnership with Shake Shack's founder Danny Meyer and his Union Square Hospitality Group (USGH). Meals from Union Square Events, USHG's catering arm, are available on select Delta flights out of JFK airport.&nbsp;
Why It Matters: Airlines of <a href="https://www.travelandleisure.com/airlines-airports/old-airline-meals">yesteryear</a> would typically serve up lavish meals to passengers, including lobster, roasted chicken and foie grois. Today, it&#8217;s fast-food cheeseburgers. 
Still, it&#8217;s enough to convince investment bank Goldman Sachs analysts to praise Delta&#8217;s penchant for catering to first-class passengers. A move like this is key to the carrier&#8217;s recent recovery from the COVID-19 pandemic travel restrictions, analysts say. 
Delta's First Class offerings include priority check-in and boarding, free earbuds and in-flight entertainment, luxury bedding, as well as complimentary Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) coffee, wine, beer, spirits and soft drinks. 
Other perks include free Wi-Fi, charging outlets, gourmet dining options, reclining seats and additional legroom. 
Goldman Sachs&#8217; Catherine O&#8217;Brien expects airlines exposed to premium and corporate demand to outperform other airlines that do not offer as many options and upgrades. 
Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Delta Air Lines shares are down 0.06% at $64.71 at the time of publication Wednesday. 
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<li><a href="https://www.benzinga.com/etfs/24/11/42044642/trump-appears-frustrated-as-elon-musk-chimes-in-on-treasury-secretary-adds-more-names-to-a-list-of-potential-picks">Trump Appears &#8216;Frustrated&#8217; As Elon Musk Chimes In On Treasury Secretary, Adds More Names To Short List&nbsp;</a></li>
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Image: Shutterstock&nbsp;

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Delta Will Serve Shake Shack Burgers As Airline Continues Catering To First-Class

<a href="https://news.delta.com/now-boarding-delta-serve-shake-shack-burgers-flights">https://news.delta.com/now-boarding-delta-serve-shake-shack-burgers-flights</a>
&nbsp;
In a sky-high collaboration that's sure to make your taste buds take off, Delta is teaming up with Shake Shack to serve delicious burgers at 30,000 feet.&nbsp;&nbsp;
Delta's first-of-its-kind partnership with Shake Shack will begin on flights out of Boston on Dec. 1, with plans for expansion to other U.S. markets throughout 2025. Customers sitting in First Class on routes over 900 miles will be able to pre-select a Shake Shack Cheeseburger as their meal option.&nbsp;
"A delicious cheeseburger is an iconic comfort food – our customers know that which is why burgers are one of the top ordered menu items we offer, and we're thrilled to elevate the offering with Shake Shack," said Stephanie Laster, Managing Director of Onboard Service. "However, our partnership with Shake Shack goes beyond the burger. Shake Shack's people-first culture and commitment to enriching their neighborhoods are spot on with our own brand values of service excellence and helping the communities we serve."&nbsp;

Delta To Serve Shake Shack Burgers On Flights; Delta's Partnership With Shake Shack Will Begin On Flights Out Of Boston On Dec. 1, With Plans For Expansion To Other U.S. Markets Throughout 2025

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Shares of restaurant companies are trading higher. Investors may be reacting to the US presidential election and its impact on consumer spending.

Truist Securities analyst Jake Bartlett maintains Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) with a Buy and raises the price target from $127 to $144.

Price Target

Analyst Ratings

Truist Securities Maintains Buy on Shake Shack, Raises Price Target to $144

Barclays analyst Jeffrey Bernstein maintains Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) with a Equal-Weight and raises the price target from $115 to $125.

Barclays Maintains Equal-Weight on Shake Shack, Raises Price Target to $125

Shake Shack, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) shares are trading higher after the company reported better-than-expected <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41620840/shake-shack-announces-third-quarter-2024-financial-results" rel="noreferrer noopener">third-quarter financial results.</a>
Shake Shack reported adjusted earnings per share of 25 cents, beating the street view of 20 cents.
Quarterly revenues of $316.9 million (+14.7%) marginally outpaced the analyst consensus estimate of $316.13 million. Sales included $304.9 million from Shack sales and $12.0 million from licensing revenue.
Adjusted EBITDA was $45.8 million, representing a 28.0% increase compared to 2023. Restaurant-level profit was $64.2 million, representing 21.0% of Shack sales.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/24/10/41622207/eli-lilly-q3-earnings-mounjaro-sales-more-than-double-takes-2-98-billion-hit-to-profit-cuts-annua" rel="noreferrer noopener">Eli Lilly Q3 Earnings: Mounjaro Sales More Than Double, Takes $2.98 Billion Hit To Profit, Cuts Annual Outlook, Stock Tanks</a>
&#8220;With strong sales and operational improvements, we grew Restaurant-level profit margin by 60 bps year-over-year and Adjusted EBITDA margin by 140 bps year-over-year. Third quarter also marks the highest 3Q Restaurant-level profit margin and Adjusted EBITDA margin since FY2019,&#8221; <a target="_blank" href="https://s27.q4cdn.com/357966323/files/doc_financials/2024/q3/3Q24-Shareholder-Letter.pdf" rel="noreferrer noopener">said</a> Chief Financial Officer Katie Fogertey.
System-wide sales reached $495.1 million, reflecting a 12.8% increase compared to 2023. Same-Shack sales rose by 4.4%.
The company reported an operating loss of $18.0 million, which included a $29.1 million charge for impairments, asset disposals, and Shack closures, compared to an operating income of $5.7 million in 2023.
The company exited the quarter with cash and equivalents worth $310.865 million. Inventories as of quarter-end totaled $5.146 million.
&#8220;We opened 17 new Shacks worldwide in the quarter and are on path to end FY2024 on a very strong note, setting a solid foundation for next year,&#8221; said Chief Executive Officer Rob Lynch.
Outlook: The company expects fourth-quarter total revenue of $322.6 million &#8211; $327 million versus $323.89 million estimate. The company projects FY24 revenues of ~$1.25 billion (prior view: $1.24 billion &#8211; $1.25 billion) <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">versus the $1.248 billion estimate.</a>
Price Action: SHAK shares are trading higher by 13% to $128.35 at last check Wednesday.
Photo by YAO23 via Shutterstock
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Shake Shack Stock Gains After Q3 Earnings Beat Amid Strong Sales Growth, Strategic Expansion

Shake Shack shares are trading higher after the company reported better-than-expected Q3 financial results.

Earnings Beats

Shake Shack Q3 2024 Adj. EPS $0.25 Beats $0.20 Estimate, Sales $316.9M Beat $316.131M Estimate

Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) is preparing to release its quarterly earnings on Wednesday, 2024-10-30. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Shake Shack to report an earnings per share (EPS) of $0.19.
Investors in Shake Shack are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Overview of Past Earnings</h3>
Last quarter the company missed EPS by $0.00, which was followed by a 5.84% drop in the share price the next day.
Here's a look at Shake Shack's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.27</td>
<td>0.10</td>
<td>0.01</td>
<td>0.10</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.27</td>
<td>0.13</td>
<td>0.02</td>
<td>0.17</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-6.0%</td>
<td>2.0%</td>
<td>-0.0%</td>
<td>5.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730214075_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Shake Shack were trading at $114.26 as of October 28. Over the last 52-week period, shares are up 99.42%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<h3>Analysts' Perspectives on Shake Shack</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Shake Shack.
A total of 16 analyst ratings have been received for Shake Shack, with the consensus rating being Neutral. The average one-year price target stands at $115.38, suggesting a potential 0.98% upside.
<h3>Comparing Ratings with Competitors</h3>
The following analysis focuses on the analyst ratings and average 1-year price targets of Sweetgreen, Wendy's and Dutch Bros, three prominent industry players, providing insights into their relative performance expectations and market positioning.
<ul>
<li>The consensus outlook from analysts is an Buy trajectory for Sweetgreen, with an average 1-year price target of $37.78, indicating a potential 66.94% downside.</li>
<li>The consensus among analysts is an Neutral trajectory for Wendy's, with an average 1-year price target of $19.49, indicating a potential 82.94% downside.</li>
<li>Analysts currently favor an Buy trajectory for Dutch Bros, with an average 1-year price target of $40.56, suggesting a potential 64.5% downside.</li>
</ul>
<h3>Overview of Peer Analysis</h3>
Within the peer analysis summary, vital metrics for Sweetgreen, Wendy's and Dutch Bros are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Shake Shack</td>
<td>Neutral</td>
<td>16.44%</td>
<td>$144.83M</td>
<td>2.13%</td>
</tr>
<tr>
<td>Sweetgreen</td>
<td>Buy</td>
<td>21.06%</td>
<td>$41.52M</td>
<td>-3.08%</td>
</tr>
<tr>
<td>Wendy's</td>
<td>Neutral</td>
<td>1.63%</td>
<td>$162.41M</td>
<td>19.26%</td>
</tr>
<tr>
<td>Dutch Bros</td>
<td>Buy</td>
<td>30.03%</td>
<td>$90.28M</td>
<td>2.58%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Shake Shack ranks in the middle for revenue growth among its peers. It has the highest gross profit margin. However, its return on equity is below average compared to its peers. Overall, Shake Shack is positioned well in terms of financial performance when compared to its peers.
<h3>Delving into Shake Shack's Background</h3>
Shake Shack Inc is a roadside burger stand. It is serving a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, crinkle-cut fries, shakes, beer, wine and more. The company's burgers are made with a whole-muscle blend of all-natural, hormone and antibiotic-free Angus beef, ground fresh daily, cooked to order and served on a non-genetically modified organism (GMO) potato bun. Its menu focuses on food and beverages, crafted from a range of classic American foods. The company serves draft Root Beer, seasonal freshly-squeezed lemonade, organic fresh brewed iced tea, cold brew coffee, organic apple juice, and Shack20 bottled water.
<h3>Key Indicators: Shake Shack's Financial Health</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Shake Shack showcased positive performance, achieving a revenue growth rate of 16.44% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: Shake Shack's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 3.05%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Shake Shack's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.13%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.59%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Shake Shack's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.71.
<a href="https://www.benzinga.com/quote/SHAK/earnings">To track all earnings releases for Shake Shack visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For Shake Shack

Oppenheimer analyst Brian Bittner maintains Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) with a Outperform and raises the price target from $122 to $135.

Oppenheimer Maintains Outperform on Shake Shack, Raises Price Target to $135

In the last three months, 15 analysts have published ratings on Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>), offering a diverse range of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $114.07, along with a high estimate of $127.00 and a low estimate of $90.00. This upward trend is evident, with the current average reflecting a 3.51% increase from the previous average price target of $110.20.
<img src="https://www.benzinga.com/files/images/story/2024/1729623628_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The perception of Shake Shack by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$115.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>John Ivankoe</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$102.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Andrew Charles</td>
<td>TD Cowen</td>
<td>Maintains</td>
<td>Buy</td>
<td>$125.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$127.00</td>
<td>$127.00</td>
</tr>
<tr>
<td>Lauren Silberman</td>
<td>Deutsche Bank</td>
<td>Maintains</td>
<td>Hold</td>
<td>$115.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Sara Senatore</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$116.00</td>
<td>$104.00</td>
</tr>
<tr>
<td>Brian Mullan</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$114.00</td>
<td>$121.00</td>
</tr>
<tr>
<td>Lauren Silberman</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$115.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Christine Cho</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$125.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$110.00</td>
<td>$108.00</td>
</tr>
<tr>
<td>David Tarantino</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$105.00</td>
<td>$93.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$127.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Nick Setyan</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Neutral</td>
<td>$100.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Andrew Charles</td>
<td>TD Cowen</td>
<td>Maintains</td>
<td>Buy</td>
<td>$125.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Nick Setyan</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$90.00</td>
<td>$90.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Shake Shack. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Shake Shack compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Shake Shack's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Shake Shack's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/SHAK/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Shake Shack analyst ratings.</a>
<h2>Discovering Shake Shack: A Closer Look</h2>
Shake Shack Inc is a roadside burger stand. It is serving a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, crinkle-cut fries, shakes, beer, wine and more. The company's burgers are made with a whole-muscle blend of all-natural, hormone and antibiotic-free Angus beef, ground fresh daily, cooked to order and served on a non-genetically modified organism (GMO) potato bun. Its menu focuses on food and beverages, crafted from a range of classic American foods. The company serves draft Root Beer, seasonal freshly-squeezed lemonade, organic fresh brewed iced tea, cold brew coffee, organic apple juice, and Shack20 bottled water.
<h3>Key Indicators: Shake Shack's Financial Health</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Shake Shack showcased positive performance, achieving a revenue growth rate of 16.44% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 3.05%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 2.13%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Shake Shack's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.59%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Shake Shack's debt-to-equity ratio is below the industry average. With a ratio of 1.71, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Basics of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Outlook: Shake Shack Through The Eyes Of 15 Analysts

15 analysts have shared their evaluations of Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">9</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">7</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $114.07, a high estimate of $127.00, and a low estimate of $90.00. This upward trend is apparent, with the current average reflecting a 3.51% increase from the previous average price target of $110.20.
<img src="https://www.benzinga.com/files/images/story/2024/1729620311_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The standing of Shake Shack among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$115.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>John Ivankoe</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$102.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Andrew Charles</td>
<td>TD Cowen</td>
<td>Maintains</td>
<td>Buy</td>
<td>$125.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$127.00</td>
<td>$127.00</td>
</tr>
<tr>
<td>Lauren Silberman</td>
<td>Deutsche Bank</td>
<td>Maintains</td>
<td>Hold</td>
<td>$115.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Sara Senatore</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$116.00</td>
<td>$104.00</td>
</tr>
<tr>
<td>Brian Mullan</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$114.00</td>
<td>$121.00</td>
</tr>
<tr>
<td>Lauren Silberman</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$115.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Christine Cho</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$125.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$110.00</td>
<td>$108.00</td>
</tr>
<tr>
<td>David Tarantino</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$105.00</td>
<td>$93.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$127.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Nick Setyan</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Neutral</td>
<td>$100.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Andrew Charles</td>
<td>TD Cowen</td>
<td>Maintains</td>
<td>Buy</td>
<td>$125.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Nick Setyan</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$90.00</td>
<td>$90.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Shake Shack. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Shake Shack compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Shake Shack's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Shake Shack's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/SHAK/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Shake Shack analyst ratings.</a>
<h2>Unveiling the Story Behind Shake Shack</h2>
Shake Shack Inc is a roadside burger stand. It is serving a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, crinkle-cut fries, shakes, beer, wine and more. The company's burgers are made with a whole-muscle blend of all-natural, hormone and antibiotic-free Angus beef, ground fresh daily, cooked to order and served on a non-genetically modified organism (GMO) potato bun. Its menu focuses on food and beverages, crafted from a range of classic American foods. The company serves draft Root Beer, seasonal freshly-squeezed lemonade, organic fresh brewed iced tea, cold brew coffee, organic apple juice, and Shack20 bottled water.
<h3>Financial Insights: Shake Shack</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Shake Shack's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 16.44%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Shake Shack's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 3.05%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Shake Shack's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.13%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Shake Shack's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.59%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 1.71, Shake Shack adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>What Are Analyst Ratings?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Navigating 15 Analyst Ratings For Shake Shack

Barclays analyst Jeffrey Bernstein maintains Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) with a Equal-Weight and raises the price target from $110 to $115.

Barclays Maintains Equal-Weight on Shake Shack, Raises Price Target to $115

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$220.00</td>
<td>$39.6K</td>
<td>23.3K</td>
<td>89.9K</td>
</tr>
<tr>
<td>BABA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$100.00</td>
<td>$30.3K</td>
<td>22.9K</td>
<td>14.4K</td>
</tr>
<tr>
<td>SERV</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$10.00</td>
<td>$86.5K</td>
<td>919</td>
<td>2.8K</td>
</tr>
<tr>
<td>XPEV</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$11.50</td>
<td>$38.5K</td>
<td>1</td>
<td>900</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$180.00</td>
<td>$28.8K</td>
<td>3.1K</td>
<td>518</td>
</tr>
<tr>
<td>UAA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$10.00</td>
<td>$26.0K</td>
<td>16.5K</td>
<td>425</td>
</tr>
<tr>
<td>HD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$380.00</td>
<td>$134.9K</td>
<td>727</td>
<td>157</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$54.00</td>
<td>$45.5K</td>
<td>802</td>
<td>94</td>
</tr>
<tr>
<td>SHAK</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$110.00</td>
<td>$51.0K</td>
<td>42</td>
<td>60</td>
</tr>
<tr>
<td>MAR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$280.00</td>
<td>$201.0K</td>
<td>13</td>
<td>60</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on October 18, 2024. This event was a transfer of 128 contract(s) at a $220.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $39.6K, with a price of $310.0 per contract. There were 23384 open contracts at this strike prior to today, and today 89942 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a put option trade that happens to be bullish, expiring in 1 day(s) on October 18, 2024. This event was a transfer of 300 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $30.3K, with a price of $101.0 per contract. There were 22961 open contracts at this strike prior to today, and today 14457 contract(s) were bought and sold. 
• Regarding SERV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>), we observe a put option sweep with bearish sentiment. It expires in 155 day(s) on March 21, 2025. Parties traded 206 contract(s) at a $10.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $86.5K, with a price of $420.0 per contract. There were 919 open contracts at this strike prior to today, and today 2896 contract(s) were bought and sold. 
• For XPEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), we notice a call option trade that happens to be bearish, expiring in 43 day(s) on November 29, 2024. This event was a transfer of 500 contract(s) at a $11.50 strike. The total cost received by the writing party (or parties) was $38.5K, with a price of $77.0 per contract. There were 1 open contracts at this strike prior to today, and today 900 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a put option trade that happens to be bullish, expiring in 22 day(s) on November 8, 2024. This event was a transfer of 75 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $28.8K, with a price of $385.0 per contract. There were 3159 open contracts at this strike prior to today, and today 518 contract(s) were bought and sold. 
• Regarding UAA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAA#NYSE">UAA</a>), we observe a call option trade with bullish sentiment. It expires in 92 day(s) on January 17, 2025. Parties traded 383 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $26.0K, with a price of $68.0 per contract. There were 16552 open contracts at this strike prior to today, and today 425 contract(s) were bought and sold. 
• For HD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on October 18, 2024. This event was a transfer of 37 contract(s) at a $380.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $134.9K, with a price of $3645.0 per contract. There were 727 open contracts at this strike prior to today, and today 157 contract(s) were bought and sold. 
• Regarding CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we observe a call option trade with bullish sentiment. It expires in 456 day(s) on January 16, 2026. Parties traded 35 contract(s) at a $54.00 strike. The total cost received by the writing party (or parties) was $45.5K, with a price of $1300.0 per contract. There were 802 open contracts at this strike prior to today, and today 94 contract(s) were bought and sold. 
• Regarding SHAK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>), we observe a put option trade with neutral sentiment. It expires in 64 day(s) on December 20, 2024. Parties traded 60 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $51.0K, with a price of $850.0 per contract. There were 42 open contracts at this strike prior to today, and today 60 contract(s) were bought and sold. 
• For MAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>), we notice a call option trade that happens to be neutral, expiring in 820 day(s) on January 15, 2027. This event was a transfer of 50 contract(s) at a $280.00 strike. The total cost received by the writing party (or parties) was $201.0K, with a price of $4020.0 per contract. There were 13 open contracts at this strike prior to today, and today 60 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

BABA

SERV

TSLA

XPEV

10 Consumer Discretionary Stocks Whale Activity In Today's Session

Shake Shack's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) short percent of float has fallen 5.47% since its last report. The company recently reported that it has 3.79 million shares sold short, which is 13.83% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.26 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Shake Shack Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729103418_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Shake Shack has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Shake Shack's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Shake Shack's peer group average for short interest as a percentage of float is 10.63%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Looking Into Shake Shack's Recent Short Interest

&nbsp;Torontonians, here's the news you've been waiting for - Shake Shack is now available for delivery and pickup, exclusively on Skip! That's right! Skip, Canada's homegrown delivery network, is delighted to announce the addition of Shake Shack to its growing roster of iconic brands and restaurants.
As Shake Shack's exclusive delivery partner, Skip is bringing the ultimate convenience to Torontonians, making it easier than ever to enjoy Shake Shack, delivered right to doorsteps, couches and dining tables across the city.
&nbsp;
"We're thrilled to officially welcome Shake Shack to the Skip network as their exclusive delivery partner," said Rob Payne, Senior Vice President of Partnerships at Skip. "As part of our ambition to provide Canadians with unparalleled convenience, Shake Shack is a fantastic addition to our expanding lineup of renowned restaurant brands in Toronto, giving our customers exclusive access to its iconic menu, with ShackBurgers, crinkle-cut fries and more now delivering to neighbourhoods across the city!"
The global burger chain launched in Canada earlier this year, with its first location in Toronto at the corner of Yonge and Dundas. Since opening, it has drawn massive lines, but now, thanks to Skip, you can enjoy Shack classics like, 100% Canadian Angus beef burgers and crispy chicken—both fresh, never frozen, and raised without antibiotics or added hormones—alongside crispy crinkle-cut fries and hand-spun frozen custard, all from the comfort of your own home. Whether you're in The Annex, King West, Yorkville, Queen West, or Cabbagetown, Shake Shack is just a tap away - only on Skip!
"We're thrilled to partner with Skip to bring Shake Shack to even more Torontonians. As Canada's homegrown delivery network, Skip truly understands Canadian cities and their communities, making them best equipped to serve up the Shack experience to customers across the city," said Billy Richmond, Business Director at Shake Shack Canada. "Since our Toronto opening, we've been delighted with the reception from our guests, and with Skip's help, we're so excited to offer our customers the convenience of their Shack favourites, delivered right to their homes."
Now exclusively available through Skip, satisfying your lunch, dinner, or late-night cravings has never been easier—bringing the Shake Shack experience right to your home!

Skip Partners with Shake Shack for Exclusive Toronto Delivery

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$220.00</td>
<td>$36.5K</td>
<td>2.7K</td>
<td>196.0K</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$150.00</td>
<td>$53.8K</td>
<td>34.3K</td>
<td>6.4K</td>
</tr>
<tr>
<td>M</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$17.00</td>
<td>$37.7K</td>
<td>3.6K</td>
<td>3.8K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$130.00</td>
<td>$48.6K</td>
<td>9.8K</td>
<td>3.1K</td>
</tr>
<tr>
<td>JD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$42.00</td>
<td>$47.2K</td>
<td>1.5K</td>
<td>2.2K</td>
</tr>
<tr>
<td>TCOM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$65.00</td>
<td>$36.1K</td>
<td>1.8K</td>
<td>630</td>
</tr>
<tr>
<td>LVS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$47.50</td>
<td>$32.7K</td>
<td>1.5K</td>
<td>560</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$60.00</td>
<td>$38.0K</td>
<td>20.8K</td>
<td>542</td>
</tr>
<tr>
<td>SHAK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$105.00</td>
<td>$76.4K</td>
<td>106</td>
<td>415</td>
</tr>
<tr>
<td>GM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$50.00</td>
<td>$28.8K</td>
<td>802</td>
<td>251</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 315 contract(s) at a $220.00 strike. This particular call needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $36.5K, with a price of $116.0 per contract. There were 2743 open contracts at this strike prior to today, and today 196033 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a call option trade that happens to be bearish, expiring in 7 day(s) on October 18, 2024. This event was a transfer of 200 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $53.8K, with a price of $269.0 per contract. There were 34397 open contracts at this strike prior to today, and today 6416 contract(s) were bought and sold. 
• For M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>), we notice a call option sweep that happens to be bullish, expiring in 133 day(s) on February 21, 2025. This event was a transfer of 319 contract(s) at a $17.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $37.7K, with a price of $118.0 per contract. There were 3687 open contracts at this strike prior to today, and today 3801 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option sweep that happens to be bearish, expiring in 35 day(s) on November 15, 2024. This event was a transfer of 202 contract(s) at a $130.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $48.6K, with a price of $241.0 per contract. There were 9827 open contracts at this strike prior to today, and today 3197 contract(s) were bought and sold. 
• Regarding JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we observe a put option sweep with bullish sentiment. It expires in 35 day(s) on November 15, 2024. Parties traded 200 contract(s) at a $42.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $47.2K, with a price of $236.0 per contract. There were 1535 open contracts at this strike prior to today, and today 2243 contract(s) were bought and sold. 
• Regarding TCOM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>), we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on October 18, 2024. Parties traded 154 contract(s) at a $65.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $36.1K, with a price of $235.0 per contract. There were 1880 open contracts at this strike prior to today, and today 630 contract(s) were bought and sold. 
• Regarding LVS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>), we observe a put option sweep with bullish sentiment. It expires in 70 day(s) on December 20, 2024. Parties traded 315 contract(s) at a $47.50 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $32.7K, with a price of $104.0 per contract. There were 1519 open contracts at this strike prior to today, and today 560 contract(s) were bought and sold. 
• For CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we notice a call option trade that happens to be bearish, expiring in 98 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $38.0K, with a price of $380.0 per contract. There were 20826 open contracts at this strike prior to today, and today 542 contract(s) were bought and sold. 
• For SHAK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>), we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on October 18, 2024. This event was a transfer of 325 contract(s) at a $105.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $76.4K, with a price of $235.0 per contract. There were 106 open contracts at this strike prior to today, and today 415 contract(s) were bought and sold. 
• For GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we notice a put option trade that happens to be bearish, expiring in 252 day(s) on June 20, 2025. This event was a transfer of 50 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $28.8K, with a price of $576.0 per contract. There were 802 open contracts at this strike prior to today, and today 251 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Citigourp Global Markets 2% Protected Notes Linked To The Djia

TCOM

<a href="https://x.com/markminervini/status/1844383985822204365" title="https://x.com/markminervini/status/1844383985822204365">https://x.com/markminervini/status/1844383985822204365</a>

Shares Of Shake Shack See Volume, Mark Minervini Post On X, "We bumped our position in $SHAK this morning. Trying to breakout here. Still well in buyable range.  Daily and weekly charts look great. Improving fundamentals."

Serve Robotics (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/serv#NASDAQ">SERV</a>) shares have surged 9.9% in the past week, outperforming the Zacks Computer &amp; Technology sector&#39;s gain of 2.3% and the Zacks IT Services industry&#39;s return of 2%.
Shares of this AI-powered last-mile robot delivery service provider saw significant volatility since its public equity offering on April 18, from when it started trading on the Nasdaq Capital Market under the ticker &quot;SERV.&quot; Since then, SERV shares have jumped 153.2%.
SERV&#39;s long-term prospects ride on growing demand for last-mile delivery of food and other items on partner platforms that include Uber Eats and 7-Eleven. The company, which was spun off from Uber Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uber#NYSE">UBER</a>) in 2021, counts NVIDIA, Uber, 7-Ventures and Delivery Hero&#39;s corporate venture units as its strategic investors.
The surge in SERV shares brings a couple of questions into investors&#39; minds - is this momentum going to last for SERV, and whether this is the right time to jump into the stock?
<h2>SERV Shares Beat Sector Past Week</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/89/78982.jpg?v=933828967" />
Image Source: Zacks Investment Research
Let&#39;s dig deep to find out.
<h2>Strong Last-Mile Delivery Prospects Aids SERV</h2>
SERV reported revenues of $0.47 million, significantly better than the $0.06 million reported in the year-ago quarter. It saw an 80% jump in second-quarter delivery and branding revenues. Daily Supply Hours surged 28% sequentially.
SERV&#39;s expanding robotics offering is expected to improve its competitive position in the last-mile delivery space currently dominated by the likes of DoorDash and Amazon.
Serve Robotics&#39; expanding partner base that includes Shake Shack (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shak#NYSE">SHAK</a>), Ouster and Magna are noteworthy. In June 2024, SERV announced the expansion of its delivery operations into Koreatown and began onboarding new local merchants through its partnership with Uber Eats. Its latest partnership with SHAK expands SERV&#39;s footprint in Los Angeles.
Magna has become a contract manufacturer for SERV&#39;s technology, and the first robots are expected to roll off the production line by the end of the fourth quarter of 2024.
Serve Robotics believes robots have the potential to reduce the average delivery cost to under $1, lower than the delivery cost by human couriers currently, making on-demand delivery more affordable and accessible in the areas in which it operates.
Per the ARK Invest report, the potential market for food and parcel delivery by robots and drones is expected to hit $450 billion globally in 2030.
Serve Robotics expects to deploy 250 robots by the end of the first quarter of 2025 in Los Angeles. Other cities that include its expansion plan are San Diego, Dallas and Vancouver.
<h2>Strong Liquidity to Boost SERV&#39;s Prospects</h2>
SERV&#39;s strong liquidity position is expected to help it execute its long-term strategic plan that includes the deployment of 2000 robots across the United States in 2025. It has already completed the design phase for the third-generation robot.
Serve Robotics generated $35.8 million in gross proceeds from the successful public equity offering and $15 million from a private placement.
As of June 30, 2024, SERV had cash and cash equivalents of $28.8 million. Most recently, it raised another $20 million.
<h2>Is SERV Stock a Buy?</h2>
Technical indicator is bearish for SERV as the shares are trading below the 50-day moving average.
<h2>SERV Trades Below 50-Day SMA</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/ea/78983.jpg?v=447415697" />
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for SERV&#39;s 2024 loss has shown improvement as the figure is now expected to be a loss of 85 cents, a penny narrower over the past 60 days.&nbsp;
<div class="chart_embed">
<h2>Serve Robotics Inc. Price and Consensus</h2>
<img alt="Serve Robotics Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/fb/1727182243.png" style="height:268px; width:572px" title="" />
Serve Robotics Inc. price-consensus-chart | Serve Robotics Inc. Quote
Moreover, SERV stock is overvalued at this current moment, as suggested by the Value Score of F.
SERV&#39;s revenue decline on a sequential basis in the second quarter of 2024 has been a concern. It suffers from customer concentration, with one customer accounting for 74% of accounts receivable as of June 30, 2024.
Nevertheless, SERV&#39;s expanding robotics fleet bodes well for long-term investors. Hence, investors who already own the stock may expect the company&#39;s growth prospects to be rewarding over the long term.
Serve Robotics currently has a Zacks Rank #2 (Buy), suggesting that it may be wise to enter the stock at this moment.
<a href="https://www.zacks.com/stock/news/2340635/serve-robotics-rises-10-in-a-week-should-you-buy-serv-stock?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2340635">To read this article on Zacks.com click here.</a>
</div>

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過去１週間で最も成績を上げた７つの中型銘柄株、あなたのポートフォリオには入っていますか？
<ol>
<li>Lumen Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>)の株価が65.95％上昇。同社は次世代光ファイバーケーブルの供給契約を<a href="https://www.benzinga.com//node/40104952" target="_blank" rel="noreferrer noopener">Corning社と締結し、データセンターでのAI需要を補完した</a>。</li>
<li>Shake Shack, Inc.（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>）の株価が19.52％急騰し、同社は<a href="https://www.benzinga.com//node/40104675" target="_blank" rel="noreferrer noopener">予想を上回る第2四半期の売上結果を発表</a>した。 何人かのアナリストは、<a href="https://www.benzinga.com//node/40131307" target="_blank" rel="noreferrer noopener">同社の決算に対する予想を上方修正</a>した。</li>
<li>Parsons Corp（NYSE:PSN）の株は15.42％上昇。同社は、第2四半期の決算が予想を上回り、さらに2024会計年度の収益見通しを引き上げた。</li>
<li>Clearwater Analytics Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWAN#NYSE">CWAN</a>)の株価は15.23％上昇し、同社は予想を上回る第2四半期の売上結果と、予想を上回る<a href="https://www.benzinga.com//node/40081350" target="_blank" rel="noreferrer noopener">第3四半期決算と2024会計年度の収益見通しを発表</a>した。</li>
<li>Repligen Corp（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGEN#NASDAQ">RGEN</a>)の株が15.14％上昇。同社は<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/40044492/repligen-lowers-guidance-on-china-weakness-analyst-expects" target="_blank" rel="noreferrer noopener">第2四半期の決算</a>を発表し、それを受けて何人かのアナリストは株価予想を修正した。</li>
<li>Frontdoor Inc（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTDR#NASDAQ">FTDR</a>)の株価は15.09％上昇し、第2四半期の決算が予想を上回った。</li>
<li>NeoGenomics, Inc. （NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEO#NASDAQ">NEO</a>)の株価が14.47％上昇。同社は<a href="https://www.benzinga.com//node/40021917" target="_blank" rel="noreferrer noopener">第2四半期の決算が予想を上回り、2024会計年度の収益見通しを上方修正</a>した。</li>
</ol>
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<li><a href="https://www.benzinga.com/news/24/08/40150484/microstrategy-intel-and-moderna-are-among-top-12-large-cap-losers-last-week-july-28-august-3-are-the" target="_blank" rel="noreferrer noopener">先週の大型株急落トップ12：MicroStrategy、Intel、Moderna はポートフォリオに入れているか？</a></li>
<li><a href="https://www.benzinga.com/news/24/08/40150236/doordash-and-exact-sciences-are-among-top-10-large-cap-gainers-last-week-july-28-august-3-are-the-other" target="_blank" rel="noreferrer noopener">先週の大型株上昇トップ10： DoorDash、Exact Sciences はあなたのポートフォリオに？</a></li>
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写真提供:Shutterstock

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