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Shakeshack

Shake Shack & Serve Robotics Set to Launch Robot Delivery in LAIn a move that highlights the growing role of automation in the food delivery industry, Shake Shack (NYSE: NYSE:SHAK ) has teamed up with Serve Robotics to introduce autonomous sidewalk robot deliveries in Los Angeles. This partnership marks a significant step forward in the fast-food chain's efforts to enhance customer experience through innovative technology. The Partnership: A Glimpse into the Future of Food Delivery The collaboration between Shake Shack and Serve Robotics, a company spun off from Uber in 2021, will initially focus on select Shake Shack locations in Los Angeles. Customers placing orders via Uber Eats could soon find their meals delivered by Serve’s AI-powered robots, which have been operating in the city since 2022. These autonomous sidewalk robots are part of a broader trend in the restaurant and retail industries, where companies are increasingly adopting robots, drones, and self-driving cars to streamline operations and reduce delivery costs. For Serve Robotics, the partnership with Shake Shack is a crucial milestone in its ambitious plan to deploy up to 2,000 robots across the United States by 2025. Market Impact and Industry Context The announcement of the partnership had an immediate impact on the stock market, with Serve Robotics' shares surging by nearly 30% following the news. The company, which reported a significant seven-fold increase in revenue for the second quarter of 2023, is rapidly becoming a key player in the autonomous delivery space. Its partnership with retailers like 7-Eleven and now Shake Shack underscores its growing influence and market presence. This collaboration also comes at a time when the food and retail industries are under pressure to innovate. Rising labor costs and changing consumer preferences are driving companies to explore new technologies that can enhance efficiency and improve customer service. Autonomous delivery robots offer a compelling solution, providing a unique combination of convenience, affordability, and futuristic appeal. The Role of Activist Investors in Shake Shack's Strategic Direction Shake Shack’s move towards automation also aligns with broader trends in corporate strategy, where activist investors are increasingly pushing companies to unlock value through innovation and efficiency. In 2023, activist investor campaigns reached new heights, with a significant focus on environmental, social, and governance (ESG) issues, as well as technological advancements. Shake Shack (NYSE: NYSE:SHAK ), which has faced pressure from activist investors like Engaged Capital, is among the companies adopting these strategies to stay competitive in a rapidly evolving market. The partnership with Serve Robotics reflects the company’s commitment to leveraging cutting-edge technology to enhance its operations and deliver superior customer experiences. The Future of Autonomous Delivery As the partnership between Shake Shack (NYSE: NYSE:SHAK ) and Serve Robotics unfolds, it is likely to set the stage for further expansion of autonomous delivery services across the United States. The success of this initiative could pave the way for similar collaborations in other cities and potentially transform the landscape of food delivery. “We're thrilled about our collaboration with Serve Robotics and Uber Eats,” said Steph So, Senior Vice President of Digital Experience at Shake Shack. “In line with our vision of enlightened hospitality, this partnership highlights our commitment to leveraging innovation to enhance guest experiences both in and out of Shack.” For Uber, which continues to be a leader in autonomous mobility and delivery, the partnership represents another step forward in its mission to revolutionize the delivery industry. Noah Zych, Global Head of Autonomous Mobility & Delivery at Uber, emphasized the importance of this collaboration in bringing "a little more Uber magic" to Shake Shack (NYSE: NYSE:SHAK ) customers in Los Angeles. Technical Outlook Despite the presence of positive developments, Shake Shack (NYSE: NYSE:SHAK ) appears to have been unaffected as its stock has declined by 0.52% at the time of writing. In contrast, Serve Robotics' stock has surged by 30% today. Notwithstanding, certain indicators, such as the Relative Strength Index (RSI) currently at 65, provide a glimmer of hope for Shake Shack (NYSE: NYSE:SHAK ). This is observed despite the formation of a slowly emerging bearish hanging man pattern on the daily chart. Conclusion: A New Era for Shake Shack and Serve Robotics The partnership between Shake Shack and Serve Robotics marks a significant milestone in the ongoing evolution of the food delivery industry. As autonomous robots become an increasingly common sight on the sidewalks of Los Angeles, this collaboration could signal the beginning of a new era where technology and hospitality converge to create more efficient, enjoyable, and innovative customer experiences. With plans to expand their robotic fleet and geographic reach, Shake Shack and Serve Robotics are well-positioned to lead the charge in redefining how food is delivered in the modern world. As the industry watches closely, this partnership may very well set the standard for the future of autonomous delivery services.
NYSE:SHAKLong
by DEXWireNews
Shake Shack: Riding High on Gourmet Burger DemandShake Shack ( NYSE:SHAK ) stands out as a beacon of success. The gourmet burger chain has defied expectations, reporting a stellar quarterly performance that has sent its shares soaring by a remarkable 21%. The secret to Shake Shack's ( NYSE:SHAK ) triumph lies in its ability to tap into consumers' cravings for high-quality, indulgent dining experiences. While other major players in the fast-food realm struggle to attract foot traffic, Shake Shack has witnessed a staggering 15% surge in October alone, culminating in a remarkable 24% jump in December. These numbers not only defy industry trends but also underscore the enduring appeal of Shake Shack's ( NYSE:SHAK ) upscale offerings. CEO Randy Garutti attributes much of this success to strategic initiatives aimed at enhancing both the quality of their menu offerings and the efficiency of their service. New launches such as their spicy burgers and crinkle-cut fries have resonated with customers, drawing them in even as competitors falter. Additionally, savvy marketing campaigns, including limited-time promotions like the Trolls-themed shakes, have helped to keep Shake Shack ( NYSE:SHAK ) top of mind for consumers seeking a unique dining experience. Investors have taken notice of Shake Shack's ( NYSE:SHAK ) impressive performance, driving the stock to a more than two-year high. With shares trading at $95.42, the company has seen a remarkable 33% gain over the past 12 months, outpacing many of its competitors in the quick-service restaurant sector. Looking ahead, Shake Shack ( NYSE:SHAK ) remains bullish on its prospects, projecting full-year same-store sales growth in the low-single-digit percentage range. While analysts predict a more modest 2.6% rise, there is widespread confidence in the company's ability to continue its trajectory of success. Analyst Jim Sanderson of Northcoast Research emphasizes the role of quality and value in sustaining Shake Shack's organic sales growth. In an increasingly competitive landscape, Shake Shack's commitment to delivering superior dining experiences has set it apart from the pack. In summary, Shake Shack's ( NYSE:SHAK ) latest earnings report paints a picture of resilience and innovation in the face of challenging market conditions. By staying true to its core values of quality and customer satisfaction, Shake Shack ( NYSE:SHAK ) has not only weathered the storm but emerged stronger than ever, poised for continued growth and success in the months to come.
NYSE:SHAKLong
by DEXWireNews
Shake Shack (NYSE:SHAK) jumped 6.8% on Retirement of Randy G.Shares of fast-food chain Shake Shack (NYSE:SHAK) jumped 6.8% in the morning session after the announcement that Randy Garutti, the CEO of the company, will retire in 2024 upon the selection of his successor. The Board of Directors, spearheaded by Korn Ferry, has commenced an external search for a suitable replacement. Additionally, the company reaffirmed its Q4 and FY'23 guidance, indicating that the leadership transition is not expected to have a significant short-term impact, reassuring investors. SHAK has a positive trend in the short term, as it has risen by 10.67% in the last 5 days and crossed above its 20-day and 50-day moving averages.
NYSE:SHAKLong
by DEXWireNews
A look into Shake Shack's Macro Trend, Bullish or Bearish? Hi guys! This is a Macro analysis into Shake Shack (SHAK). We will assess various developments occuring in the charts, shedding some light into whether we are in a bullish or bearish overall trend. The analysis is done on the 1 Week timeframe. When looking at the Price action of Shake Shack. We have recently been REJECTED from a Major Resistance Trendline (RED line). This line has been acting as resistance since Feb. 2021. NOTE: This trendline indicates our current TREND. That is we are in a downtrend until proven otherwise. That proof is breaking ABOVE and CONFIRMING Support on this RED line. Also NOTE: This is our 2nd touch point of this RED line. In trendline theory it states that atleast 3 or more touches are required on trendlines for them to weaken enough for a break to the opposite side. So it makes sense that It has pushed us into another downtrend that has recently broken down below the 21 EMA (Purple moving average). We are now rapidly approaching a SUPPORT test on the 50 SMA (Green Moving Average). It is crucial we find SUPPORT on the 50 SMA and Horizontal Black Support line. If we can't we risk falling to the "Major Support Trendline". Which also risks another DEATHCROSS. Notice the slight downward curve on the 21 EMA. Having a DEATHCROSS occur can bring in momentum to even push Prices below the "Major Support Trendline". Our MACD indicator has also CROSSED Bearish with signficiantly increasing RED histogram bars. This signifies an increase in bearish momentum. To maintain Bullish trend, we need to stay ABOVE the 0 level on MACD and have a BULL cross with the print of GREEN histogram bars. We also MUST maintain Support on the 50 SMA, eventually CONFIRMING Support ABOVE 21 EMA. Notice also the GOLDEN CROSS between 21 EMA and 50 SMA, as long as we maintain SUPPORT Above 50 SMA, this has the momentum to maintain an UPTREND. It can also help us breakout through the Major Resistance Trendline. Also take a look for reference at our previous REJECTION of this Major Resistance Trendline. (Orange arrow) Notice how we ended up testing Support on Green 50 SMA, bounced upwards but ended up coming back down and breaking down, printing the death cross and falling 72%. There is nothing saying that we cant do a similar move but theres also no way of knowing that it will play out exactly as past history. Thats why we need to be level headed and take it 1 step at a time. So in the coming weaks our current direction of price action is to TEST SUPPORT on the 50 SMA and the Black line Support CONFLUENCE first. This area is CRUCIAL area that will determine whether we go back to RE-TEST either: 1. RED Major Resistance Trendline above. 2. BLACK Major Support Trendline below. If we re-test the REDline that will make 3 touch points, and we will need to observe whether or not we break through. If we re-test the Black Major Support trendline, we risk breaking down which may cause further price declines. But note its a Major Historical Trendline so it can make monumental buying opportunity provided we get back down there. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on SHAK in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NYSE:SHAK
by SafofAllTrades
SHAK: Short-Term Pain + Long-Term Gain I think it makes sense to enter a long-term bullish position in SHAK if/when we hit the support level of 30.30. This level has acted as a reliable support point four times in SHAK's history as a public company. Each time prices have reached the 30.30 level, bulls came in to prevent further losses in share price. This time may be different ((we may see some price action below the 30.30 level) SHAK is an extremely volatile stock)). Even with this possibility, I still believe buying and holding at or around this key support area seems like a smart move for a longer-term trade or as a buy and hold. This is not financial advice. Good luck!
NYSE:SHAK
by Gooby_Trades
SHACK: A Technical and Fundamental Approach to Shake ShackIf you like this analysis, please make sure to like the post! I would also appreciate it if you could leave a comment below with some original insight. In this analysis, I will be explaining my on views on the high-end burger brand, Shake Shack (SHAK). I'll be exploring the technicals and financials of the stock, as well as the overall business model of the company. Technicals - Shake Shack's price history demonstrates a phase of immense bullish momentum - It formed a textbook cup and handle pattern, in which the breakout led to the formation of all time highs - However, after topping out, in November 2019, Shake Shack announced that it would temporarily shutter locations for upgrades in 2020 - This led to a significant drop with the addition of the Corona virus (COVID-19) pandemic, too severe to the point where the 5 year trend line support was tested. - As it was technically oversold, stock prices bounced off support, forming a reverse head and shoulders pattern - Based on the current technical setup, we could see the stock rally towards its previous all time high levels, completing the reversal pattern Financials - Shake Shack is one of the businesses that has been hit hard by the Corona virus (COVID-19) pandemic - Due to lockdowns initiated by the government, their earnings for the second quarter of 2020 were at a net loss - In terms of financials, the major issue is that they are short in cash - With $112m in cash, they are spending $1.5m every week to cover fixed costs such as rent - They have also laid off hundreds of employees and sold their stocks to secure more cash - Due to their being a 2 Billion Dollar company, Shake Shack did not quality for the government's payroll program, and thus could not receive $10m in aid - Currently, only over half of Shake Shack's licensed global units remain open, limiting Shake Shack's cash flow - However, it's also important to note that they have shown a 25% growth in revenue year over year for the past five years. Business Model - Nevertheless, Shake Shack's Business model cannot be undermined. - They have positioned themselves as a high-end burger place, unlike other fast food restaurants such as Mc Donald's (MCD) - This is a strength for Shake Shack during the Corona Virus Pandemic, as people seek to purchase luxurious goods during hard times. - As people can't eat out as frequently as they used to, when they do decide to eat out, they get an expensive meal. - Just as luxurious goods are high in demand during recessions, Shake Shack's quality burgers will continue to be in demand during the pandemic. - It's just the severity of the situation, and lockdowns initiated by the government, that prevent people from visiting Shake Shack stores as frequently as they used to. - Shake Shack's management model is highly effective and efficient, providing the customer not only a pleasant experience, but also consistently delicious burgers through their meticulous quality control. - This allows Shake Shack to scale tremendously over time, just as Mc Donald's has managed to do. - They have great brand loyalty with a huge customer return rate, and the engaging ambiance they provide at their restaurants is what sets them apart from their competitors. Conclusion Shake Shack is a extremely solid company, struggling during hard times. However, it's important to note that SHACK is an overlooked growth stock, with immense potential for scalability. Given that the virus ends some time within 2021, we could expect a fast recovery, and huge continued growth from this company, as its fundamental business model continues to remain solid.
NYSE:SHAKLong
by Michael_Wang_Official
$SHAK Has A Big Gap To Close$SHAK is climbing after getting some love from $GS. Goldman Sachs keeps a Buy rating on Shake Shack (SHAK +8.9%) after digesting the company's ICR presentation yesterday. The firm sees significant upside from the restaurant operator's new partnership with Grubhub in particular. "As part of the partnership, GRUB has provided SHAK with detailed customer data, as well as marketing resources such as loyalty and targeted promotions," notes analyst Katherine Fogertey. She is also positive on the menu innovation highlighted yesterday by Shake Shack management at the ICR Conference. Goldman's price target of $115 on Shake Shack reps +60% upside potential and is well-above the average sell-side PT of $75.00 and 52-week high of $105.84. Shares of Shake Shack were back over $70 for the first time since early November. Shake Shack (NYSE:SHAK) also gained after presenting at the ICR Conference. A key highlight from the restaurant operator was the plan to expand at a measured pace in China, South Korea and Singapore. As for menu innovation, new chicken products are planned for the middle part of the year and the restaurant operator is set to introduce a veggie burger later in the year. The company sees improving Shack-level operating margin by working on long-term economies of scale in the supply chain and accelerating the use of technology to deliver labor efficiencies. As always, trade with caution and use protective stops. Good luck to all!
NYSE:SHAKLong
by InsiderFinancial
BURGERS AND BITCOINNo, Shake Shack will not be accepting Bitcoin as a form of payment anytime soon. But as a follow up to the Bitcoin and avocado phenomenon, it was only natural to see if there was another similar price pattern hugging phenomenon with another millennial lovin’ stock. And wah-lah! Bitcoin and burgers. Mmmmmm. But nevertheless, just look at this tango going on! I mean, who are we kidding? Both are in HOT fashion these days. Who can resist a bite of two juicy, lip smacking beef patties coupled with that zesty smoked bacon intertwined with a hint of spiced up cherry red peppers — only in anticipation of getting flushed down by a couple of crispy, crunchy, salty, potato-y goodness(!)? Apparently not many, as their store openings globally continue to tenfold with an anticipated 2nd store opening here in Shanghai; right in the heart of Jing’an’s bustling shopping center. And who doesn’t want a piece of that digital cool with the ultimatum of overthrowing the corrupt central bankers who’s hands have been responsible for making YOU unable to pay off your student loans (and not because you decided to use your hard earned lunch money on those luscious Double Smoke Shack Burgers), unable to buy a house, and on top of the myriad complaints that come out of our millennials about the almighty financial sovereignty we are destined for. But what can be attributed to the almost lock step price action the two have been mirroring off of each other? Well, besides over exuberance and hype, there are many similarities the two share: -Both came to fruition last decade. -Both are beloved by millennials. -A typical order at Shake Shack takes 10 minutes, whereas it takes 10 minutes for a block to be verified on the bitcoin blockchain. -The bitcoin ledger is public, SHAK is also public. -Both are challenging the status quo: SHAK is to MCD as BTC is to the FED. -Everyone wants to have some. -And both will make you deplete your money. Fast, one way or the other. There’s no denying that both have been on a price action tear with YTD growth rates of 120% for SHAK and 125% for BTC. In the end could both be attributed to our influential millennials’ purchasing power that are spurring both up to record highs? Let me know your thoughts. For now, it’s probably safe to say without reasonable doubt, Shake Shack is the bitcoin of all burgers. HODL SHAK.
BITSTAMP:BTCUSD
by jiamijiang
1
Shakeshack: SHAK Clearly Basing out in a range SHAKESHACK:SHAK Nice range trading, suitable for trend followers, evidently. Still looks OK to buy, using the lower parallel as a dynamic exit point if broken at any point before it reaches a very obvious upside target at 39.30 -39.62 range - at which point positions can be reversed with stops above 40. And then if that short is taken out it will show that it's long basing activity since IPO is at coming to an end...it should start a staggered ascent back towards the highs, the next near term trade being from 40.04 to 41.87. More as move develops...
NYSE:SHAKLong
by sumastardon
1