Gordon Haskett Cuts Shake Shack (NYSE:SHAK) Price Target to $70.00

Shake Shack (NYSE:SHAK) had its target price reduced by Gordon Haskett from $90.00 to $70.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Gordon Haskett’s target price would indicate a potential upside of 26.97% from the stock’s current price.

Several other brokerages have also weighed in on SHAK. Wolfe Research assumed coverage on Shake Shack in a research report on Monday, March 9th. They set an “outperform” rating and a $118.00 target price on the stock. Weiss Ratings downgraded Shake Shack from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Stifel Nicolaus upgraded Shake Shack from a “hold” rating to a “buy” rating and dropped their price target for the stock from $105.00 to $85.00 in a research note on Friday, May 8th. TD Cowen restated a “hold” rating and set a $70.00 price target on shares of Shake Shack in a research note on Wednesday. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Shake Shack in a research note on Friday, May 8th. Sixteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Shake Shack has a consensus rating of “Moderate Buy” and a consensus target price of $97.12.

Shake Shack Stock Down 3.3%

Shares of NYSE SHAK traded down $1.88 during midday trading on Wednesday, hitting $55.13. 1,507,156 shares of the company’s stock were exchanged, compared to its average volume of 1,789,937. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.69 and a quick ratio of 1.66. Shake Shack has a twelve month low of $53.86 and a twelve month high of $144.65. The company has a market cap of $2.36 billion, a PE ratio of 56.26, a P/E/G ratio of 2.61 and a beta of 1.63. The firm’s fifty day simple moving average is $84.08 and its 200-day simple moving average is $87.49.

Insider Transactions at Shake Shack

In other Shake Shack news, CEO Robert Lynch purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of $60.39 per share, for a total transaction of $301,950.00. Following the completion of the purchase, the chief executive officer directly owned 77,845 shares in the company, valued at $4,701,059.55. This represents a 6.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey Flug purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $61.30 per share, for a total transaction of $61,300.00. Following the completion of the purchase, the director owned 5,470 shares of the company’s stock, valued at approximately $335,311. This represents a 22.37% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 50,616 shares of company stock valued at $3,109,782. 8.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On Shake Shack

Hedge funds and other institutional investors have recently bought and sold shares of the company. Intech Investment Management LLC raised its holdings in Shake Shack by 40.1% during the fourth quarter. Intech Investment Management LLC now owns 77,916 shares of the company’s stock worth $6,324,000 after purchasing an additional 22,287 shares during the last quarter. Divisadero Street Capital Management LP raised its holdings in Shake Shack by 407.8% during the third quarter. Divisadero Street Capital Management LP now owns 56,985 shares of the company’s stock worth $5,334,000 after purchasing an additional 45,762 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in Shake Shack by 14.5% during the third quarter. Public Sector Pension Investment Board now owns 156,998 shares of the company’s stock worth $14,697,000 after purchasing an additional 19,889 shares during the last quarter. Madison Asset Management LLC raised its holdings in shares of Shake Shack by 37.3% in the fourth quarter. Madison Asset Management LLC now owns 58,404 shares of the company’s stock worth $4,741,000 after acquiring an additional 15,852 shares during the last quarter. Finally, 12 West Capital Management LP raised its holdings in shares of Shake Shack by 13.6% in the third quarter. 12 West Capital Management LP now owns 1,753,595 shares of the company’s stock worth $164,154,000 after acquiring an additional 210,000 shares during the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Shake Shack

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

• Positive Sentiment: TD Cowen reaffirmed its hold rating on Shake Shack and set a $70 price target, implying upside from current levels. TD Cowen rating reaffirmed on Shake Shack
• Positive Sentiment: Analyst data also showed Shake Shack still carries a “Moderate Buy” consensus rating, suggesting Wall Street remains constructive despite the recent selloff. Consensus rating of Moderate Buy
• Neutral Sentiment: Morgan Stanley downgraded the stock to equal weight from overweight, signaling a more cautious near-term view. Morgan Stanley downgrade coverage
• Negative Sentiment: Shake Shack cut Q2 revenue guidance and lowered same-shack sales and restaurant-level margin expectations, citing macro uncertainty, competition, higher beef costs, and weather-related weakness. Fiscal second quarter 2026 business update
• Negative Sentiment: The weaker outlook triggered multiple shareholder investigations and law-firm notices, adding legal overhang and keeping investor sentiment negative. Shareholder investigation

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.