Latest news with #TheBatteryAtlanta
Yahoo
12-05-2025
- Business
- Yahoo
Shake Shack bringing new restaurant and support center to The Battery Atlanta
Shake Shack is coming to The Battery Atlanta later this year. The restaurant chain is not only opening a location near Truist Park, but will also be opening its second U.S. support center to support Shake Shack's 336 restaurants and roughly 13,000 employees. The restaurant location at The Battery Atlanta will feature something new for Shake Shack - a bar. In addition to the menu items that every other Shake Shack serves, this location will offer signature and classic cocktails, local craft beer, wine, and more. The company announced last year that the new Shake Shack location would take over the former spot occupied by Wahlburgers, which closed in November. [DOWNLOAD: Free WSB-TV News app for alerts as news breaks] The support center will occupy the more than 25,000-square-foot suite #100 in Two Ballpark Center next to the Coca-Cola Roxy and will feature a test kitchen and multiple training and meeting spaces. Shake Shack has two other support centers, one in New York, where the company was founded, and the other in Hong Kong, helping to support the more than 250 licensed restaurants across 20 countries. As a part of the support center, Shake Shack has also opened a 'kitchen innovation lab' a short drive from The Battery Atlanta, where the company's operations and development teams can test new equipment and optimize kitchen layouts. TRENDING STORIES: 1 dead after multi-vehicle crash on I-285 Ground stop lifted at Atlanta airport due to 'runway equipment' outage, ground delay in place Murder case of DeKalb man found shot to death in front seat of car remains unsolved [SIGN UP: WSB-TV Daily Headlines Newsletter]
Yahoo
16-04-2025
- Business
- Yahoo
Atlanta Braves Holdings (BATRA): Among Mid- And Large-Cap Stocks Insiders Are Buying After Trump's Tariff Rollout
We recently published a list of . In this article, we are going to take a look at where Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) stands against other mid- and large-cap stocks insiders are buying after Trump's tariff rollout. On April 2, 2025, President Donald Trump declared 'Liberation Day' and signed Executive Order 14257, imposing a baseline 10% tariff on nearly all U.S. imports, effective April 5. Higher tariffs—ranging from 11% to 50%—were scheduled for 57 countries and territories, including the European Union, China, and Japan. These increased rates were set to begin April 9 but were postponed for 90 days, with the exception of China, which continued to face elevated tariffs. In April, some insiders took advantage of the dip to buy shares, while others chose to sell. Analyzing insider trading can provide valuable insights: purchases often signal confidence in the company's future, while sales may reflect personal or diversification choices. Therefore, insider trading should be evaluated in the context of the company's financial health and overall market conditions. Today, we're focusing on stocks that insiders are buying in April. Using Insider Monkey's insider trading screener, we identified 19 mid- and large-cap companies where at least one insider bought shares between April 2 and April 14. From this list, we ranked the top 19 stocks based on the highest value of insider purchases during this period. Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A dramatic aerial view of the Major League Baseball stadium at night, illuminated in the team's official colors. Market Cap: $2.44 billion Atlanta Braves, founded in 2022 and based in Atlanta, owns and operates the Atlanta Braves Major League Baseball team and its home stadium, Truist Park. The company also manages mixed-use developments around the ballpark, including retail, office, hotel, and entertainment spaces at The Battery Atlanta. It operates through two segments: Baseball and Mixed-Use Development. Atlanta Braves is also one of the billionaire Mario Gabelli's top 15 stock picks. Recently, the company announced that its Braves Development Company has acquired Pennant Park, a six-building office complex next to The Battery Atlanta. The 34-acre property includes 763,465 square feet of office space, over 2,700 parking spots, and is more than 80% leased by 24 tenants, including The Home Depot. CEO Mike Plant said the acquisition 'creates a significant opportunity… to enhance the tenant experience' and 'expand our footprint' as The Battery Atlanta continues to grow. In April, one investor, who is a large shareholder of Atlanta, C. John Malone, made four purchases acquiring a total of $2.85 million worth of shares at an average price of $41.57. Over the past 12 months, the stock has gained 3.06%, currently trading at $42.07 per share. In 2024, the company disclosed total revenue of $640.67 million, compared to $662.75 million in 2023. Twenty-one analysts rated Atlanta Braves stock as a 'Moderate Buy,' according to TipRanks. The average price target of $203.87 suggests a potential upside of 41.06%. Overall, BATRA ranks 7th on our list of mid- and large-cap stocks insiders are buying after Trump's tariff rollout. While we acknowledge the potential of BATRA, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BATRA but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
02-04-2025
- Business
- Yahoo
Atlanta Braves purchase another 34 acres near the Battery
The Atlanta Braves have added a new pennant to their collection. The Braves completed a sale for Pennant Park, an office complex that is just a 10 minute walk from Truist Park and The Battery Atlanta. Pennant Park covers approximately 34 acres and includes 2,700 parking spaces. 'Acquiring this adjacent property expands our footprint and positions us to capitalize on the interest we continue to see in The Battery Atlanta. Additionally, this will provide expanded parking for the approximately 9 million people who visit us each year,' said Mike Plant, Braves Development Company President and CEO. [DOWNLOAD: Free WSB-TV News app for alerts as news breaks] The Braves have not revealed what they planned to do with the property or if the parking spots would be used for Braves games and other high-profile events at The Battery. Currently, The Home Depot leases two of the buildings on the property. MORE BRAVES STORIES: Braves to open new, improved family area at Truist Park Braves opening new food hall inside Truist Park Children's Healthcare kids' area at Truist Park set to double in size for families, visitors [SIGN UP: WSB-TV Daily Headlines Newsletter]
