Analysts’ Recent Ratings Changes for Shake Shack (SHAK)

Shake Shack (NYSE: SHAK) has recently received a number of price target changes and ratings updates:

• 5/20/2026 – Shake Shack had its “neutral” rating reaffirmed by BTIG Research.
• 5/16/2026 – Shake Shack was downgraded by Wall Street Zen from “hold” to “strong sell”.
• 5/11/2026 – Shake Shack was downgraded by Weiss Ratings from “hold (c)” to “sell (d+)”.
• 5/11/2026 – Shake Shack had its price target lowered by Guggenheim from $120.00 to $100.00. They now have a “buy” rating on the stock.
• 5/8/2026 – Shake Shack had its “overweight” rating reaffirmed by Morgan Stanley.
• 5/8/2026 – Shake Shack was given a new $100.00 price target by Oppenheimer Holdings, Inc..
• 5/8/2026 – Shake Shack was given a new $85.00 price target by DA Davidson.
• 5/8/2026 – Shake Shack had its “buy” rating reaffirmed by The Goldman Sachs Group, Inc..
• 5/8/2026 – Shake Shack was given a new $100.00 price target by Mizuho.
• 5/8/2026 – Shake Shack was upgraded by Stifel Nicolaus from “hold” to “buy”. They now have a $85.00 price target on the stock, down from $105.00.
• 5/8/2026 – Shake Shack had its price target lowered by JPMorgan Chase & Co. from $100.00 to $85.00. They now have a “neutral” rating on the stock.
• 5/8/2026 – Shake Shack had its price target lowered by BNP Paribas Exane from $124.00 to $100.00. They now have an “outperform” rating on the stock.
• 5/8/2026 – Shake Shack had its price target lowered by Barclays PLC from $118.00 to $96.00. They now have an “overweight” rating on the stock.
• 5/8/2026 – Shake Shack had its price target lowered by Wells Fargo & Company from $100.00 to $80.00. They now have an “equal weight” rating on the stock.
• 5/7/2026 – Shake Shack was given a new $76.00 price target by Robert W. Baird.
• 5/7/2026 – Shake Shack was given a new $79.00 price target by Piper Sandler.
• 5/7/2026 – Shake Shack had its price target lowered by TD Cowen from $105.00 to $76.00. They now have a “hold” rating on the stock.
• 4/27/2026 – Shake Shack had its “buy” rating reaffirmed by DA Davidson. They now have a $125.00 price target on the stock.
• 4/24/2026 – Shake Shack is now covered by Guggenheim. They set a “buy” rating and a $120.00 price target on the stock.
• 4/24/2026 – Shake Shack is now covered by Guggenheim. They set a “buy” rating and a $120.00 price target on the stock.
• 4/24/2026 – Shake Shack had its price target raised by JPMorgan Chase & Co. from $95.00 to $100.00. They now have a “neutral” rating on the stock.
• 4/20/2026 – Shake Shack had its “hold (c)” rating reaffirmed by Weiss Ratings.
• 4/15/2026 – Shake Shack had its “buy” rating reaffirmed by Deutsche Bank Aktiengesellschaft. They now have a $117.00 price target on the stock.
• 4/10/2026 – Shake Shack was upgraded by Mizuho from “neutral” to “outperform”. They now have a $120.00 price target on the stock, up from $100.00.
• 3/31/2026 – Shake Shack was upgraded by Bank of America Corporation from “underperform” to “neutral”. They now have a $101.00 price target on the stock, up from $88.00.
• 3/30/2026 – Shake Shack is now covered by BNP Paribas Exane. They set an “outperform” rating and a $124.00 price target on the stock.

Insider Buying and Selling

In other news, Director Sumaiya Balbale bought 4,068 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $61.42 per share, for a total transaction of $249,856.56. Following the purchase, the director owned 13,407 shares of the company’s stock, valued at approximately $823,457.94. This trade represents a 43.56% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jeffrey Flug acquired 1,000 shares of the company’s stock in a transaction 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 purchase, the director directly owned 5,470 shares of the company’s stock, valued at approximately $335,311. This trade represents a 22.37% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders purchased 50,616 shares of company stock valued at $3,109,782. Corporate insiders own 8.32% of the company’s stock.

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.