Shake Shackの空売り状況は、投資家がShake Shackの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

Shake Shack (NYSE:SHAK) 株価情報, 空売り情報

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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ACHC

CVLT

CWAN

DRVN

FTDR

HWKN

IDCC

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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？

ルーメンテック　次世代光ファイバー供給に強み

Shake Shack Inc

SHAKE SHACK CL A ORD

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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Serve Robotics Rises 10% in a Week: Should You Buy SERV Stock?

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Shares of restaurant companies are trading higher following the Fed's rate cut, which could boost industry traffic through an increase in consumer discretionary incomes.

Providing a diverse range of perspectives from bullish to bearish, 17 analysts have published ratings on Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) in the last three months.
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;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">11</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</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;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</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;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Shake Shack and provided 12-month price targets. The average target is $112.06, accompanied by a high estimate of $127.00 and a low estimate of $90.00. Marking an increase of 0.48%, the current average surpasses the previous average price target of $111.53. 
<img src="https://www.benzinga.com/files/images/story/2024/1726660813_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The standing of Shake Shack among financial experts becomes clear with a thorough analysis 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>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>
<tr>
<td>Nick Setyan</td>
<td>Wedbush</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$90.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Sara Senatore</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$96.00</td>
<td>$116.00</td>
</tr>
<tr>
<td>Brian Harbour</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$100.00</td>
<td>$108.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$125.00</td>
<td>$124.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Shake Shack. This insight gives a snapshot of analysts' perspectives on 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>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Shake Shack's market standing. Stay informed and make well-considered 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>All You Need to Know About 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>A Deep Dive into Shake Shack's Financials</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
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. 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: Shake Shack's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 3.05%, the company may encounter 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 standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.59%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Shake Shack's debt-to-equity ratio is below the industry average at 1.71, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Analyst Ratings: What Are They?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Peeling Back The Layers: Exploring Shake Shack Through Analyst Insights

TD Cowen analyst Andrew Charles reiterates Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) with a Buy and maintains $125 price target.

Price Target

Reiteration

TD Cowen Reiterates Buy on Shake Shack, Maintains $125 Price Target

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>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/06/24</td>
<td>$220.00</td>
<td>$34.5K</td>
<td>4.3K</td>
<td>35.2K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$100.00</td>
<td>$1.3 million</td>
<td>1.9K</td>
<td>4.0K</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$28.00</td>
<td>$96.2K</td>
<td>1.0K</td>
<td>1.0K</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$110.00</td>
<td>$39.1K</td>
<td>7.8K</td>
<td>550</td>
</tr>
<tr>
<td>LVS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$45.00</td>
<td>$55.2K</td>
<td>5.8K</td>
<td>548</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$180.00</td>
<td>$52.6K</td>
<td>10.2K</td>
<td>534</td>
</tr>
<tr>
<td>SHAK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$101.00</td>
<td>$53.6K</td>
<td>18</td>
<td>185</td>
</tr>
<tr>
<td>RH</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$270.00</td>
<td>$62.0K</td>
<td>107</td>
<td>35</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/18/26</td>
<td>$100.00</td>
<td>$41.0K</td>
<td>951</td>
<td>33</td>
</tr>
<tr>
<td>HD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$380.00</td>
<td>$32.1K</td>
<td>1.1K</td>
<td>13</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a put option sweep with bullish sentiment. It expires in 2 day(s) on September 6, 2024. Parties traded 100 contract(s) at a $220.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $34.5K, with a price of $349.0 per contract. There were 4337 open contracts at this strike prior to today, and today 35274 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option trade with bearish sentiment. It expires in 198 day(s) on March 21, 2025. Parties traded 4000 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $1.3 million, with a price of $331.0 per contract. There were 1908 open contracts at this strike prior to today, and today 4001 contract(s) were bought and sold. 
• Regarding GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we observe a call option sweep with bearish sentiment. It expires in 16 day(s) on September 20, 2024. Parties traded 1000 contract(s) at a $28.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $96.2K, with a price of $95.0 per contract. There were 1078 open contracts at this strike prior to today, and today 1057 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 bullish, expiring in 107 day(s) on December 20, 2024. This event was a transfer of 100 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $39.1K, with a price of $391.0 per contract. There were 7881 open contracts at this strike prior to today, and today 550 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 call option sweep with bearish sentiment. It expires in 107 day(s) on December 20, 2024. Parties traded 484 contract(s) at a $45.00 strike. This particular call needed to be split into 49 different trades to become filled. The total cost received by the writing party (or parties) was $55.2K, with a price of $114.0 per contract. There were 5854 open contracts at this strike prior to today, and today 548 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 call option trade that happens to be neutral, expiring in 107 day(s) on December 20, 2024. This event was a transfer of 50 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $52.6K, with a price of $1053.0 per contract. There were 10225 open contracts at this strike prior to today, and today 534 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 bullish, expiring in 16 day(s) on September 20, 2024. This event was a transfer of 185 contract(s) at a $101.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $53.6K, with a price of $290.0 per contract. There were 18 open contracts at this strike prior to today, and today 185 contract(s) were bought and sold. 
• For RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>), we notice a call option trade that happens to be bullish, expiring in 499 day(s) on January 16, 2026. This event was a transfer of 10 contract(s) at a $270.00 strike. The total cost received by the writing party (or parties) was $62.0K, with a price of $6200.0 per contract. There were 107 open contracts at this strike prior to today, and today 35 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a call option trade with neutral sentiment. It expires in 652 day(s) on June 18, 2026. Parties traded 33 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $41.0K, with a price of $1245.0 per contract. There were 951 open contracts at this strike prior to today, and today 33 contract(s) were bought and sold. 
• Regarding HD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), we observe a call option sweep with bearish sentiment. It expires in 499 day(s) on January 16, 2026. Parties traded 9 contract(s) at a $380.00 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 $32.1K, with a price of $3575.0 per contract. There were 1123 open contracts at this strike prior to today, and today 13 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 news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

BABA

Citigourp Global Markets 2% Protected Notes Linked To The Djia

SBUX

TSLA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

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 maintains $127 price target.

Truist Securities Maintains Buy on Shake Shack, Maintains $127 Price Target

Deutsche Bank analyst Lauren Silberman maintains Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) with a Hold and maintains $115 price target.

Deutsche Bank Maintains Hold on Shake Shack, Maintains $115 Price Target

Shake Shack To Close Nine Company-Owned Shacks In California, Ohio, And Texas; Closure Plan Communicated On August 27 With Completion Expected By September 25; Reaffirms Fiscal Q3 And FY24 Guidance; Management Offered Positions In Neighboring Shacks, Hourly Team Members Eligible For Rehire; Expects Q3 Pretax Charges Between $28M - $30M

20 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.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved 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;">9</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">10</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;">2</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;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</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;">5</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>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $112.65, a high estimate of $127.00, and a low estimate of $90.00. Surpassing the previous average price target of $112.16, the current average has increased by 0.44%.
<img src="https://www.benzinga.com/files/images/story/2024/1724094011_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</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>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>
<tr>
<td>Nick Setyan</td>
<td>Wedbush</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$90.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Sara Senatore</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$96.00</td>
<td>$116.00</td>
</tr>
<tr>
<td>Brian Harbour</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$100.00</td>
<td>$108.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$125.00</td>
<td>$124.00</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>Andrew Charles</td>
<td>TD Cowen</td>
<td>Maintains</td>
<td>Buy</td>
<td>$125.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Christine Cho</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Buy</td>
<td>$110.00</td>
<td>-</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>John Ivankoe</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$105.00</td>
<td>$102.00</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>
</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: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Shake Shack compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Shake Shack's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Shake Shack's market position. Stay informed and make data-driven decisions with the assistance of 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>Delving into Shake Shack's Background</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>Shake Shack's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Shake Shack's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 16.44% as of 30 June, 2024, showcasing a substantial increase in 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 falls below industry averages, indicating challenges in achieving 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 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>Understanding the Relevance of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Decoding 20 Analyst Evaluations For Shake Shack

B of A Securities analyst Sara Senatore maintains Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) with a Neutral and raises the price target from $104 to $116.

B of A Securities Maintains Neutral on Shake Shack, Raises Price Target to $116

Piper Sandler analyst Brian Mullan downgrades Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) from Overweight to Neutral and lowers the price target from $121 to $114.

Downgrades

Piper Sandler Downgrades Shake Shack to Neutral, Lowers Price Target to $114

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>Benchmark analyst Todd Brooks downgraded the rating for Chuy&#8217;s Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHUY#NASDAQ">CHUY</a>) from Buy to Hold. Chuy&#8217;s shares fell 0.03% to close at $37.10 on Friday. <a href="https://www.benzinga.com/quote/chuy/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler analyst Brian Mullan downgraded Shake Shack Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) from Overweight to Neutral and announced a price target of $114. Shake Shack shares fell 1.9% to close at $107.37 on Friday. <a href="https://www.benzinga.com/quote/shak/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Scotiabank analyst Tanya Jakusconek downgraded the rating for AngloGold Ashanti plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) from Sector Perform to Sector Underperformm but raised the price target from $27 to $30. Anglogold Ashanti shares gained 3.5% to close at $31.47 on Friday. <a href="https://www.benzinga.com/quote/au/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley analyst Erik Woodring downgraded the rating for HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) from Overweight to Equal-Weight and announced a price target of $37. HP shares gained 1.2% to settle at $35.91 on Friday.<a href="https://www.benzinga.com/quote/hpq/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>Piper Sandler analyst Brian Mullan downgraded Dutch Bros Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>) from Overweight to Neutral and announced a price target of $36. Dutch Bros shares gained 1% to close at $32.64 on Friday. <a href="https://www.benzinga.com/quote/hpq/analyst-ratings">See how other analysts view this stock. See how other analysts view this stock.</a></li>
</ul>
Considering buying HPQ stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="578" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/19090055/image-153-1024x578.png" alt="" class="wp-image-501463" style="width:638px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/19090055/image-153-1024x578.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/19090055/image-153-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/19090055/image-153-768x434.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/19090055/image-153.png 1197w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>

CHUY

ILMN

This HP Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Monday

U.S. stock futures were slightly higher this morning, with the S&amp;P 500 futures gaining around 0.1% on Monday.
Shares of Liquidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDA#NASDAQ">LQDA</a>) fell sharply in today's pre-market trading.
The company announced that the FDA granted tentative approval of YUTREPIA inhalation powder to treat adults with pulmonary arterial hypertension and pulmonary hypertension associated with interstitial lung disease.
Liquidia shares dipped 36.3% to $8.98 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>YXT.COM GROUP HOLDING LIMITED (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YXT#NASDAQ">YXT</a>) shares dipped 15.5% to $8.47 in pre-market trading after declining around 9% on Friday.</li>
<li>Mereo BioPharma Group plc &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MREO#NASDAQ">MREO</a>) shares declined 14.8% to $0.5609 in today's pre-market trading after gaining 6% on Friday. Mereo BioPharma Group, last week, reported a quarterly loss of 2 cents per share.</li>
<li>BW LPG Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWLP#NYSE">BWLP</a>) shares declined 4.5% to $15.25 in pre-market trading.</li>
<li>Shake Shack Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) fell 3.6% to $103.51. Piper Sandler analyst Brian Mullan downgraded Shake Shack from Overweight to Neutral.</li>
<li>Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) shares fell 3.1% to $10.81 in pre-market trading. Serve Robotics, last week, announced a partnership with Shake Shack to deliver products using autonomous delivery robots through Uber Eats.</li>
<li>Himalaya Shipping Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSHP#NYSE">HSHP</a>) shares fell 3% to $7.29 in pre-market trading.</li>
<li>Applied Digital Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) shares fell 2.7% to $3.90.</li>
</ul>
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Pre-Market Outlook

APLD

BWLP

HSHP

LQDA

MREO

Liquidia, Shake Shack And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Piper Sandler analyst Brian Mullan downgrades Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) from Overweight to Neutral and announces $114 price target.

Piper Sandler Downgrades Shake Shack to Neutral, Announces $114 Price Target

High-rolling investors have positioned themselves bullish on Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in SHAK often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for Shake Shack. This is not a typical pattern.
The sentiment among these major traders is split, with 77% bullish and 0% bearish. Among all the options we identified, there was one put, amounting to $380,000, and 8 calls, totaling $721,225.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $80.0 to $115.0 for Shake Shack over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Shake Shack's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Shake Shack's whale activity within a strike price range from $80.0 to $115.0 in the last 30 days. 
<h3>Shake Shack Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723753926_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SHAK</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$8.0</td>
<td>$7.6</td>
<td>$7.6</td>
<td>$105.00</td>
<td>$380.0K</td>
<td style="text-align: right;">835</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>SHAK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$8.6</td>
<td>$7.7</td>
<td>$8.65</td>
<td>$105.00</td>
<td>$269.8K</td>
<td style="text-align: right;">431</td>
<td style="text-align: right;">326</td>
</tr>
<tr>
<td>SHAK</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$5.0</td>
<td>$4.8</td>
<td>$4.9</td>
<td>$110.00</td>
<td>$122.0K</td>
<td style="text-align: right;">408</td>
<td style="text-align: right;">295</td>
</tr>
<tr>
<td>SHAK</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$9.8</td>
<td>$6.4</td>
<td>$8.6</td>
<td>$100.00</td>
<td>$86.0K</td>
<td style="text-align: right;">443</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>SHAK</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$30.2</td>
<td>$28.3</td>
<td>$30.2</td>
<td>$80.00</td>
<td>$75.5K</td>
<td style="text-align: right;">56</td>
<td style="text-align: right;">25</td>
</tr>
</tbody>
</table>

<h3>About Shake Shack</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.
Having examined the options trading patterns of Shake Shack, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Shake Shack Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 1,383,180, the SHAK's price is up by 7.27%, now at $112.0. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 77 days.</li>
</ul>
<h3>Professional Analyst Ratings for Shake Shack</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $109.0.
<ul>
<li>An analyst from Wedbush persists with their Neutral rating on Shake Shack, maintaining a target price of $90. </li>
<li>In a cautious move, an analyst from Wedbush downgraded its rating to Neutral, setting a price target of $90. </li>
<li>Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Shake Shack with a target price of $125. </li>
<li>An analyst from Deutsche Bank persists with their Hold rating on Shake Shack, maintaining a target price of $115. </li>
<li>An analyst from TD Cowen has revised its rating downward to Buy, adjusting the price target to $125. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Shake Shack with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

A Closer Look at Shake Shack's Options Market Dynamics

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Shares of hotel, restaurant and leisure companies are trading higher following strong economic data that helps ease recession concerns.

Serve Robotics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) shares are trading higher Wednesday after the company reported second-quarter financial results and announced a partnership with Shake Shack Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) <a href="https://www.benzinga.com/pressreleases/24/08/n40362105/serve-robotics-and-shake-shack-roll-out-autonomous-robot-delivery-via-uber-eats">for delivery</a>.
What Happened: After the market close on Tuesday, Serve Robotics reported second-quarter revenue of $468,375, versus&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">estimates</a>&nbsp;of $400,000. The company reported a quarterly loss of 27 cents, versus estimates for a loss of 25 cents.
Serve averaged 385 daily supply hours during the&nbsp;second quarter, representing a&nbsp;106%&nbsp;increase year-over-year. The company noted that it also achieved an&nbsp;85%&nbsp;increase in daily active robots on a year-over-year basis.
Serve said it commenced manufacturing activities on its 2,000-robot fleet in the second quarter, entered into a purchase and production agreement with&nbsp;<a href="https://www.benzinga.com/quote/MGA" target="_blank" rel="noreferrer noopener">Magna</a>&nbsp;and signed an amendment expanding its supply agreement with&nbsp;<a href="https://www.benzinga.com/quote/OUST" target="_blank" rel="noreferrer noopener">Ouster</a>&nbsp;to equip its robots with upgraded sensors.
"I am particularly pleased to announce that Serve has completed the design of our third-generation robot.&nbsp;Looking ahead, we are focused on executing Serve's fleet expansion plan to deploy at least 250 additional robots in&nbsp;Los Angeles&nbsp;by the end of&nbsp;Q1&nbsp;2025," said&nbsp;Ali&nbsp;Kashani,&nbsp;co-founder and CEO of Serve Robotics.
"We believe our continued execution of this plan through year-end 2025 will position Serve to deploy all 2,000 robots under our Uber Eats agreement, which at full utilization is expected to generate&nbsp;$60&nbsp;to&nbsp;$80 million&nbsp;in run-rate revenue annually."
Serve Robotics shares have seen increased attention in recent weeks leading up to earnings, rising more than 335% over the past month. Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;reported a&nbsp;<a href="https://www.benzinga.com/news/24/07/39860370/serve-robotics-stock-rises-after-nvidia-discloses-10-stake" target="_blank" rel="noreferrer noopener">10% stake</a>&nbsp;in the robotics company in mid-July.
See Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40364805/meta-dell-and-a-major-tech-stock-on-cnbcs-final-trades">Meta, Dell And A Major Tech Stock On CNBC&#8217;s &#8216;Final Trades&#8217;</a>
What Else: Serve announced a partnership with Shake Shack to deliver the company&#8217;s orders using Serve&#8217;s autonomous delivery robots via Uber Technologies Inc&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) Uber Eats.
Customers who order from select Shake Shack restaurants in&nbsp;Los Angeles&nbsp;using Uber Eats may get their orders delivered via Serve&#8217;s autonomous robots. Uber Eats has been offering autonomous deliveries through Serve in Los Angeles since 2022.
&#8220;We are excited to add another national merchant like Shake Shack to our platform, a partnership made possible through the relationship we have built with Uber Eats across tens of thousands of successful deliveries,&#8221; said&nbsp;Touraj Parang, president and COO of Serve Robotics. 
&#8220;Today&#8217;s announcement highlights the value of Serve&#8217;s world-class strategic partnerships as we work to expand our geographic footprint and deploy 2,000 robots across the U.S. in 2025.&#8221;
SERV Price Action: <a href="http://benzinga.com/quote/serv" target="_blank" rel="noreferrer noopener">Serve Robotics shares</a> were up 34.2% at $13.90 at the time of publication, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo: courtesy of Serve Robotics.

Earnings

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Serve Robotics Stock Is Surging Wednesday: What's Going On?

General

CORRECTION: Serve Robotics Ticker Is 'SERV'

Serve Robotics And Shake Shack Announced A Partnership To Deliver Shake Shack Using Serve's Autonomous Delivery Robots Via Uber Eats, The Delivery Platform Of Uber Technologies

These seven mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Lumen Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) shares jumped 65.95%. The company reached a supply agreement with Corning for next-generation fiber-optic cables to <a href="https://www.benzinga.com//node/40104952" target="_blank" rel="noreferrer noopener">support AI demands in data centers</a>.</li>
<li>Shake Shack, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) shares escalated 19.52% after the company reported <a href="https://www.benzinga.com//node/40104675" target="_blank" rel="noreferrer noopener">better-than-expected Q2 sales results</a>. Several analysts increased <a href="https://www.benzinga.com//node/40131307" target="_blank" rel="noreferrer noopener">their forecasts for the company</a>.</li>
<li>Parsons Corp NYSE: PSN) stock gained 15.42% after it reported better-than-expected Q2 results and raised its FY24 revenue outlook.</li>
<li>Clearwater Analytics Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWAN#NYSE">CWAN</a>) stock increased 15.23% after the company reported better-than-expected Q2 sales results and issued Q3 and FY24 <a href="https://www.benzinga.com//node/40081350" target="_blank" rel="noreferrer noopener">revenue guidance above estimates</a>.</li>
<li>Repligen Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGEN#NASDAQ">RGEN</a>) stock upped 15.14%. The company reported <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">Q2 earnings</a>, after which several analysts revised their price forecasts.</li>
<li>Frontdoor Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTDR#NASDAQ">FTDR</a>) stock gained 15.09% following better-than-expected Q2 earnings.</li>
<li>NeoGenomics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEO#NASDAQ">NEO</a>) stock upped 14.47% after the company reported better-than-expected Q2 financial results and <a href="https://www.benzinga.com//node/40021917" target="_blank" rel="noreferrer noopener">raised its FY24 revenue guidance</a>.</li>
</ol>
Also Read:
<ul>
<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">MicroStrategy, Intel And Moderna Are Among Top 12 Large Cap Losers Last Week (July 28-August 3): Are The Others In Your Portfolio?</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-aug-3-are-the-other" target="_blank" rel="noreferrer noopener">DoorDash And Exact Sciences Are Among Top 10 Large Cap Gainers Last Week (July 28-Aug 3): Are The Others In Your Portfolio?</a></li>
</ul>
Photo by YAO23 via Shutterstock

Shake Shack And Lumen Tech Are Among Top 7 Mid Cap Stocks With Max Gains Last Week (July 28-August 3): Are The Others In Your Portfolio?

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Serve Robotics ($SERV), known for using sidewalk robots to deliver food for Uber Eats ($UBER), announced a pilot partnership with Alphabet-owned Wi...

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Press Releases

Xponential Fitness, Inc. Appoints Jeffrey Lawrence to its Board of Directors

Joe & the Juice Appoints Industry Leader Jeffrey Lawrence to Board of Directors

Shake Shack Announces First Quarter 2024 Financial Results

Shake Shack to Participate in June Investor Conferences

Shake Shack Names Stephanie Sentell as Chief Operations Officer

Shake Shack to Announce Second Quarter 2024 Financial Results on August 1, 2024

Shake Shack Announces Second Quarter 2024 Financial Results

Serve Robotics and Shake Shack Roll Out Autonomous Robot Delivery Via Uber Eats

Shake Shack to Participate in September Investor Conferences

Shake Shack to Announce Third Quarter 2024 Financial Results on October 30, 2024

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