JPMorgan Chase & Co. Cuts Shake Shack (NYSE:SHAK) Price Target to $85.00

Shake Shack (NYSE:SHAK) had its price target trimmed by JPMorgan Chase & Co. from $100.00 to $85.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

SHAK has been the subject of a number of other reports. Piper Sandler set a $79.00 price objective on shares of Shake Shack in a research note on Thursday. TD Cowen reduced their price target on shares of Shake Shack from $105.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday. Zacks Research raised shares of Shake Shack from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Oppenheimer set a $100.00 price target on shares of Shake Shack in a research report on Friday. Finally, Robert W. Baird set a $76.00 price target 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 given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $107.92.

Shake Shack Price Performance

SHAK stock opened at $70.14 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.66 and a debt-to-equity ratio of 0.45. Shake Shack has a one year low of $67.21 and a one year high of $144.65. The firm has a market capitalization of $2.99 billion, a PE ratio of 71.57, a P/E/G ratio of 2.93 and a beta of 1.78. The firm has a 50-day moving average of $94.14 and a two-hundred day moving average of $91.01.

Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.00 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $372.43 million. During the same period in the prior year, the company posted $0.14 earnings per share. Shake Shack’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, analysts forecast that Shake Shack will post 1.3 earnings per share for the current year.

Insider Buying and Selling

In related 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 value of $26,370.18. Following the transaction, the insider owned 15,084 shares in the company, valued at approximately $1,541,735.64. This represents a 1.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 8.32% of the company’s stock.

Hedge Funds Weigh In On Shake Shack

Hedge funds have recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC acquired a new position in Shake Shack in the fourth quarter worth approximately $25,000. Geneos Wealth Management Inc. acquired a new position in Shake Shack in the first quarter worth approximately $26,000. Assetmark Inc. increased its holdings in Shake Shack by 457.6% in 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 last quarter. Global Retirement Partners LLC increased its holdings in Shake Shack by 83.7% in 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 last quarter. Finally, UMB Bank n.a. increased its holdings in Shake Shack by 42.2% in 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 last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

More Shake Shack News

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.