Shake Shack, Inc. (NYSE:SHAK – Get Free Report)’s share price was up 5.3% during mid-day trading on Friday . The company traded as high as $59.46 and last traded at $59.30. Approximately 506,881 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 1,842,856 shares. The stock had previously closed at $56.32.
Shake Shack News Summary
Here are the key news stories impacting Shake Shack this week:
- Negative Sentiment: Zacks Research downgraded Shake Shack to Strong Sell, a bearish call that suggests the stock may be overpriced relative to its fundamentals. Zacks downgrade report
- Negative Sentiment: The firm lowered EPS estimates for Q1 2027, Q2 2027, Q3 2027, Q4 2027, FY2027, Q1 2028, Q2 2028, and FY2028, reinforcing concerns that earnings growth may slow versus prior expectations. Shake Shack analyst estimate cuts
- Neutral Sentiment: A Yahoo Finance article said SHAK looks “fairly valued” after a 61% fall, which frames the stock as cheaper than before but does not by itself signal a near-term catalyst. Shake Shack stock looks fairly valued after a 61% fall
- Neutral Sentiment: Additional articles about a Dairy Queen tech hire, a new Reading restaurant, and fast-food BBQ items are more industry or lifestyle related and appear unlikely to materially affect Shake Shack’s stock today. Dairy Queen hires Shake Shack vet to modernize tech
Analyst Upgrades and Downgrades
SHAK has been the subject of a number of research reports. DA Davidson reiterated a “buy” rating and issued a $70.00 price target on shares of Shake Shack in a research note on Monday, June 29th. Raymond James Financial downgraded Shake Shack from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from $125.00 to $85.00 in a report on Wednesday, June 3rd. Oppenheimer set a $82.00 target price on Shake Shack and gave the stock an “outperform” rating in a research report on Tuesday, June 2nd. Gordon Haskett lowered their price target on Shake Shack from $90.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Shake Shack from $105.00 to $93.00 and set a “buy” rating on the stock in a research report on Thursday. Fifteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $89.96.
Shake Shack Trading Up 4.8%
The firm’s fifty day moving average price is $62.24 and its 200-day moving average price is $81.85. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 60.22, a P/E/G ratio of 2.41 and a beta of 1.63. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.69 and a quick ratio of 1.66.
Insider Transactions at Shake Shack
In other news, Director Sumaiya Balbale bought 4,068 shares of Shake Shack stock in a transaction on Friday, May 15th. The stock was purchased at an average cost of $61.42 per share, with a total value of $249,856.56. Following the purchase, the director directly 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 filing with the SEC, which is accessible through this link. Also, Director Daniel Harris Meyer bought 32,258 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was purchased at an average price of $61.88 per share, with a total value of $1,996,125.04. Following the transaction, the director owned 378,670 shares in the company, valued at $23,432,099.60. The trade was a 9.31% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 50,616 shares of company stock worth $3,109,782 over the last 90 days. Corporate insiders own 8.32% of the company’s stock.
Institutional Trading of Shake Shack
Large investors have recently added to or reduced their stakes in the business. Hilton Head Capital Partners LLC acquired a new position in Shake Shack during the 4th quarter worth $25,000. Geneos Wealth Management Inc. acquired a new stake in Shake Shack in the first quarter worth about $26,000. Assetmark Inc. grew its position in Shake Shack by 457.6% in the 4th quarter. Assetmark Inc. now owns 368 shares of the company’s stock valued at $30,000 after buying an additional 302 shares in the last quarter. UMB Bank n.a. grew its position in Shake Shack by 42.2% in 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 in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Shake Shack during the 3rd quarter worth about $38,000. 86.07% of the stock is currently owned by institutional investors and hedge funds.
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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