Barclays Cuts Shake Shack (NYSE:SHAK) Price Target to $96.00

Shake Shack (NYSE:SHAK) had its price objective cut by Barclays from $118.00 to $96.00 in a report issued on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

SHAK has been the subject of a number of other reports. Weiss Ratings restated a “hold (c)” rating on shares of Shake Shack in a research note on Monday, April 20th. TD Cowen cut their price objective on Shake Shack from $105.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday. DA Davidson set a $85.00 target price on shares of Shake Shack in a report on Friday. Robert W. Baird set a $76.00 target price on shares of Shake Shack in a report on Thursday. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Shake Shack in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $107.92.

Shake Shack Stock Performance

Shake Shack stock opened at $70.14 on Friday. The business has a 50-day simple moving average of $94.14 and a two-hundred day simple moving average of $91.01. The company has a market cap of $2.99 billion, a P/E ratio of 71.57, a P/E/G ratio of 2.93 and a beta of 1.78. Shake Shack has a 52-week low of $67.21 and a 52-week high of $144.65. The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.45.

Shake Shack (NYSE:SHAK) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.11). The firm had revenue of $366.74 million for the quarter, compared to the consensus estimate of $372.43 million. Shake Shack had a net margin of 2.76% and a return on equity of 9.62%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 earnings per share. Analysts predict that Shake Shack will post 1.3 EPS for the current year.

Insiders Place Their Bets

In other Shake Shack news, insider Stephanie Ann Sentell sold 258 shares of Shake Shack stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $102.21, for a total transaction of $26,370.18. Following the transaction, the insider owned 15,084 shares of the company’s stock, valued at $1,541,735.64. The trade was a 1.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.32% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Shake Shack

Several large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Shake Shack by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,627 shares of the company’s stock worth $1,995,000 after purchasing an additional 976 shares during the period. Jones Financial Companies Lllp boosted its stake in Shake Shack by 4,210.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,500 shares of the company’s stock worth $220,000 after purchasing an additional 2,442 shares during the period. United Services Automobile Association bought a new position in Shake Shack in the 1st quarter worth approximately $219,000. Geneos Wealth Management Inc. bought a new position in Shake Shack in the 1st quarter worth approximately $26,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Shake Shack by 159.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 748 shares of the company’s stock worth $105,000 after purchasing an additional 460 shares during the period. Hedge funds and other institutional investors own 86.07% of the company’s stock.

More Shake Shack News

Here are the key news stories impacting Shake Shack this week:

• Positive Sentiment: Shake Shack updated its Q2 2026 revenue guidance to $424 million-$428 million, above the consensus estimate, which could help offset some of the earnings disappointment. Shake Shack Appoints Michelle Hook as Chief Financial Officer
• Positive Sentiment: Shake Shack appointed Michelle Hook as CFO, a move that may be viewed as supportive for financial discipline and execution. Shake Shack Appoints Michelle Hook as Chief Financial Officer
• Neutral Sentiment: JPMorgan lowered its price target to $85 from $100 but kept a neutral rating, signaling a more measured view rather than a strong bearish call.
• Neutral Sentiment: BNP Paribas Exane cut its target to $100 from $124 while maintaining an outperform rating, still implying confidence in longer-term upside.
• Neutral Sentiment: Barclays reduced its target to $96 from $118 and reiterated overweight, reflecting lower near-term expectations but a positive stance on the shares.
• Neutral Sentiment: Wells Fargo trimmed its target to $80 from $100 and kept an equal weight rating, adding to the post-earnings analyst caution.
• Neutral Sentiment: New articles and commentary on the earnings call, valuation, and shareholder-loss investigation add headline noise, but the core stock move is being driven mainly by the Q1 miss and reduced analyst targets.
• Negative Sentiment: Q1 revenue and earnings both missed Wall Street estimates, and the company swung to a loss amid higher costs and softer traffic in some markets. Shake Shack shares crater 30% after burger chain reports operating loss
• Negative Sentiment: CEO commentary about declining tourism in major urban markets, especially New York City, points to a demand headwind that could pressure near-term sales.
• Negative Sentiment: A shareholder investigation by Johnson Fistel may increase legal overhang and adds another concern for investors.

Shake Shack Company Profile

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.