Shake Shack (NYSE:SHAK – Free Report) had its price objective decreased by BNP Paribas Exane from $124.00 to $100.00 in a research report report published on Friday,Benzinga reports. BNP Paribas Exane currently has an outperform rating on the stock.
A number of other research firms have also recently commented on SHAK. Guggenheim started coverage on shares of Shake Shack in a research report on Friday, April 24th. They set a “buy” rating and a $120.00 price objective for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $117.00 price objective on shares of Shake Shack in a research report on Wednesday, April 15th. Bank of America raised shares of Shake Shack from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $88.00 to $101.00 in a research report on Tuesday, March 31st. Stifel Nicolaus set a $85.00 price objective on shares of Shake Shack and gave the stock a “buy” rating in a research report on Friday. 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 equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $107.92.
Check Out Our Latest Research Report on Shake Shack
Shake Shack Price Performance
Shake Shack (NYSE:SHAK – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.11). Shake Shack had a net margin of 2.76% and a return on equity of 9.62%. The firm had revenue of $366.74 million during the quarter, compared to the consensus estimate of $372.43 million. During the same period in the prior year, the business posted $0.14 earnings per share. Shake Shack’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, research analysts expect that Shake Shack will post 1.4 EPS for the current fiscal year.
Insider Buying and Selling
In other news, insider Stephanie Ann Sentell sold 258 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $102.21, for a total value of $26,370.18. Following the completion of the sale, the insider owned 15,084 shares of the company’s stock, valued at approximately $1,541,735.64. The trade was a 1.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.50% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Shake Shack
A number of institutional investors have recently modified their holdings of the business. Glenview Trust co boosted its position in shares of Shake Shack by 1.5% in the second quarter. Glenview Trust co now owns 6,925 shares of the company’s stock valued at $974,000 after acquiring an additional 100 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Shake Shack by 12.5% in the third quarter. Smartleaf Asset Management LLC now owns 964 shares of the company’s stock valued at $91,000 after acquiring an additional 107 shares during the period. UMB Bank n.a. boosted its position in shares of Shake Shack by 42.2% in the fourth quarter. UMB Bank n.a. now owns 391 shares of the company’s stock valued at $32,000 after acquiring an additional 116 shares during the period. Maryland State Retirement & Pension System boosted its position in shares of Shake Shack by 2.1% in the fourth quarter. Maryland State Retirement & Pension System now owns 5,905 shares of the company’s stock valued at $479,000 after acquiring an additional 119 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of Shake Shack by 5.8% in the third quarter. Nisa Investment Advisors LLC now owns 2,503 shares of the company’s stock valued at $234,000 after acquiring an additional 138 shares during the period. Institutional investors own 86.07% of the company’s stock.
Key Headlines 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.
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.
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