California just hiked minimum wage for fast food workers. Some restaurants are replacing them with kiosks [Yahoo! Finance]
Shake Shack, Inc. Class A (SHAK)
Last shake shack, inc. class a earnings: 2/24 04:05 pm
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Source: Yahoo! Finance
That's likely to happen in some instances where business who haven't yet done so will look to technology to help offset higher labor costs, industry experts said. But the reality is that automation in the services industry is already on a roll, and the restaurant industry has been embracing it for a while now, even in states where the minimum wage hasn't increased. “There are two things in play. One, already in motion for a while is robotics and automation at the store level,” said Rob Dongoski, global lead for food and agribusiness at Kearney, a strategy and management consulting firm. Examples in what is known in the industry as the “quick service restaurant” space include auto-refill technology and automated frying machines. And, although many casual observers disagree, higher wages for fast food workers could actually help fast food owners, Dongoski said. The employment level in fast food restaurants still hasn't reached pre-pandemic levels . “So, wage increases are a way
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SHAK
News
- Shake Shack Inc. (NYSE: SHAK) had its price target raised by analysts at UBS Group AG from $110.00 to $115.00. They now have a "neutral" rating on the stock.MarketBeat
- Shake Shack (SHAK) Q1 Earnings Beat Estimates, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- Shake Shack Inc. (NYSE:SHAK) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Shake Shack Inc. (NYSE: SHAK) had its price target raised by analysts at Truist Financial Co. from $115.00 to $124.00. They now have a "buy" rating on the stock.MarketBeat
- Shake Shack Inc. (NYSE: SHAK) had its price target raised by analysts at Barclays PLC from $92.00 to $108.00. They now have an "equal weight" rating on the stock.MarketBeat
SHAK
Earnings
- 5/2/24 - Beat
SHAK
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 8-K
- SHAK's page on the SEC website