TD Cowen Cuts Shake Shack (NYSE:SHAK) Price Target to $76.00

Shake Shack (NYSE:SHAK) had its target price reduced by TD Cowen from $105.00 to $76.00 in a research report released on Thursday morning, Marketbeat reports. TD Cowen currently has a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Bank of America upgraded shares of Shake Shack from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $88.00 to $101.00 in a research report on Tuesday, March 31st. JPMorgan Chase & Co. lifted their price objective on shares of Shake Shack from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Morgan Stanley upgraded shares of Shake Shack from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $115.00 to $125.00 in a research report on Tuesday, January 20th. Truist Financial lifted their price objective on shares of Shake Shack from $144.00 to $148.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Piper Sandler set a $79.00 price objective on shares of Shake Shack in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $107.92.

Shake Shack Trading Up 1.3%

Shake Shack stock opened at $70.14 on Thursday. The stock has a market cap of $2.99 billion, a P/E ratio of 71.57, a PEG ratio of 2.73 and a beta of 1.78. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.69 and a quick ratio of 1.73. Shake Shack has a 1 year low of $67.21 and a 1 year high of $144.65. The firm’s 50 day moving average price is $94.14 and its 200-day moving average price is $91.01.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.11). The company 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 quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. On average, equities analysts predict that Shake Shack will post 1.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Shake Shack news, insider Stephanie Ann Sentell sold 258 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $102.21, for a total transaction of $26,370.18. Following the sale, the insider directly owned 15,084 shares in the company, valued at $1,541,735.64. This represents a 1.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Shake Shack

Institutional investors and hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. purchased a new position in shares of Shake Shack in the 1st quarter worth approximately $26,000. Hilton Head Capital Partners LLC purchased a new position in Shake Shack during the fourth quarter worth $25,000. Global Retirement Partners LLC boosted its stake in Shake Shack by 83.7% during the third quarter. Global Retirement Partners LLC now owns 327 shares of the company’s stock worth $31,000 after buying an additional 149 shares during the period. Assetmark Inc. boosted its stake in Shake Shack by 457.6% during the fourth quarter. Assetmark Inc. now owns 368 shares of the company’s stock worth $30,000 after buying an additional 302 shares during the period. Finally, UMB Bank n.a. boosted its stake in Shake Shack by 42.2% during the fourth quarter. UMB Bank n.a. now owns 391 shares of the company’s stock worth $32,000 after buying an additional 116 shares during the period. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Shake Shack News Summary

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.

About Shake Shack

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.