Shake Shack, Inc. Class A Stock News

Shake Shack stock broke out Thursday after rolling out AI-powered delivery robots. The NY burger chain posted solid Q2 results in early August.

Serve Robotics partners with Shake Shack for autonomous food delivery via Uber Eats, which should expand the serviceable market in Los Angeles. Serve Robotics reports Q2 earnings, showing revenue growth and plans to deploy 2000 robots by 2025. Despite positive developments, Serve Robotics is overvalued compared to peers and faces risks like high short interest and losses.

Fast-food chain Shake Shack and Serve Robotics are partnering to use autonomous sidewalk robots to deliver orders placed on Uber Eats, the companies said on Wednesday.

U.S. markets were relatively calm Monday as Wall Street entered the home stretch of second-quarter earnings season after a volatile week of trading fueled by recession fears.

Following a weak earnings season, several fast food stocks are feeling the pinch. However, a few names have remained resilient amidst the turbulence.

Shake Shack's (SHAK) sales have surged this year, boosting its stock price, while some of its burger-selling rivals like McDonald's (MCD), Wendy's (WEN), and Burger King of Restaurant Brands International (QSR) have struggled with customers pulling back on spending.

The broader stock market is causing investors a little pain to start the month of August, as the S&P 500 is declining by as much as 0.75%. The NASDAQ is lowering by over 1%, despite the Federal Reserve (the Fed) announcing that an interest rate cut is on the table for September 2024 and the CME's FedWatch tool pricing in an over 90% probability of this happening; markets are selling off.

Shake Shack (SHAK) shares skyrocketed after the company posted better-than-anticipated results and gave an upbeat forecast as it benefited from higher prices.