Shake Shack (NYSE:SHAK) Price Target Cut to $80.00 by Analysts at Wells Fargo & Company

Shake Shack (NYSE:SHAK) had its target price lowered by Wells Fargo & Company from $100.00 to $80.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other brokerages also recently issued reports on SHAK. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Shake Shack in a research report on Monday, April 20th. Truist Financial increased 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. Bank of America raised shares of Shake Shack from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $88.00 to $101.00 in a research report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $117.00 price objective on shares of Shake Shack in a research report on Wednesday, April 15th. Finally, Zacks Research raised shares of Shake Shack from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. One 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.92.

Shake Shack Stock Up 1.3%

SHAK opened at $70.14 on Friday. The firm has a 50 day moving average price of $94.14 and a 200 day moving average price of $91.01. The company has a market cap of $2.99 billion, a PE ratio of 71.57, a price-to-earnings-growth ratio of 2.70 and a beta of 1.78. Shake Shack has a 1 year low of $67.21 and a 1 year high of $144.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.69.

Shake Shack (NYSE:SHAK) last posted its 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 business had revenue of $366.74 million for the quarter, compared to analyst estimates of $372.43 million. Shake Shack had a return on equity of 9.62% and a net margin of 2.76%.The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period last year, the company posted $0.14 EPS. Sell-side analysts expect that Shake Shack will post 1.4 earnings per share for the current year.

Insider Activity at Shake Shack

In other news, insider Stephanie Ann Sentell sold 258 shares of the 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 completion of the transaction, the insider directly owned 15,084 shares in the company, valued at approximately $1,541,735.64. This represents a 1.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 8.50% of the company’s stock.

Hedge Funds Weigh In On Shake Shack

Institutional investors and hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. purchased a new position in shares of Shake Shack during the 1st quarter valued at approximately $26,000. Hilton Head Capital Partners LLC purchased a new position in shares of Shake Shack during the 4th quarter valued at approximately $25,000. Global Retirement Partners LLC boosted its stake in shares of Shake Shack by 83.7% during the 3rd quarter. Global Retirement Partners LLC now owns 327 shares of the company’s stock valued at $31,000 after buying an additional 149 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Shake Shack by 457.6% during the 4th quarter. Assetmark Inc. now owns 368 shares of the company’s stock valued at $30,000 after buying an additional 302 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Shake Shack by 42.2% during the 4th quarter. UMB Bank n.a. now owns 391 shares of the company’s stock valued at $32,000 after buying an additional 116 shares during the last quarter. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Shake Shack

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.