Robert W. Baird Upgrades Shake Shack (NYSE:SHAK) to Hold

Posted by on Aug 26th, 2026

Shake Shack (NYSE:SHAK – Get Free Report) was upgraded by Robert W. Baird to a “hold” rating in a research report issued on Monday,Zacks.com reports.

SHAK has been the topic of several other research reports. Zacks Research raised Shake Shack from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 5th. Jefferies Financial Group restated a “hold” rating and issued a $66.00 price target on shares of Shake Shack in a research note on Tuesday, June 2nd. DA Davidson increased their price objective on Shake Shack from $70.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Oppenheimer set a $82.00 price target on shares of Shake Shack and gave the company an “outperform” rating in a research note on Tuesday, June 2nd. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Shake Shack in a research report on Wednesday, May 20th. Fifteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Shake Shack currently has an average rating of “Moderate Buy” and an average target price of $89.74.

View Our Latest Analysis on Shake Shack

Shake Shack Stock Performance

NYSE SHAK opened at $74.00 on Monday. The stock has a market cap of $3.17 billion, a PE ratio of 78.72, a P/E/G ratio of 8.25 and a beta of 1.63. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.64 and a current ratio of 1.67. The firm has a 50-day moving average of $62.72 and a 200-day moving average of $76.29. Shake Shack has a 52-week low of $51.60 and a 52-week high of $107.49.

Shake Shack (NYSE:SHAK – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.12. The business had revenue of $417.62 million for the quarter, compared to analyst estimates of $417.18 million. Shake Shack had a net margin of 2.56% and a return on equity of 9.29%. Shake Shack’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 EPS. On average, sell-side analysts anticipate that Shake Shack will post 1.13 EPS for the current year.

Hedge Funds Weigh In On Shake Shack

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its holdings in shares of Shake Shack by 21.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,590,911 shares of the company’s stock worth $242,535,000 after purchasing an additional 450,406 shares in the last quarter. California State Teachers Retirement System raised its stake in Shake Shack by 5,410.3% in the second quarter. California State Teachers Retirement System now owns 2,459,558 shares of the company’s stock valued at $137,784,000 after purchasing an additional 2,414,922 shares in the last quarter. 12 West Capital Management LP lifted its position in Shake Shack by 12.0% during the fourth quarter. 12 West Capital Management LP now owns 1,963,595 shares of the company’s stock worth $159,385,000 after purchasing an additional 210,000 shares during the period. State Street Corp lifted its position in Shake Shack by 1.1% during the second quarter. State Street Corp now owns 1,470,084 shares of the company’s stock worth $206,694,000 after purchasing an additional 15,607 shares during the period. Finally, Swedbank AB acquired a new stake in Shake Shack during the fourth quarter worth about $84,092,000. 86.07% of the stock is owned by institutional investors and hedge funds.

Shake Shack Company Profile

(Get Free Report)

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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