Shake Shack (NYSE:SHAK) Upgraded by Zacks Research to Hold Rating

Posted by Geri Gentry on Aug 7th, 2026

Zacks Research upgraded shares of Shake Shack (NYSE:SHAK – Free Report) from a strong sell rating to a hold rating in a research report released on Wednesday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. BTIG Research reissued a “neutral” rating on shares of Shake Shack in a research report on Wednesday, May 20th. Stifel Nicolaus raised Shake Shack from a “hold” rating to a “buy” rating and decreased their target price for the company from $105.00 to $85.00 in a research report on Friday, May 8th. UBS Group dropped their price target on Shake Shack from $79.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday. DA Davidson increased their price target on Shake Shack from $70.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Gordon Haskett reduced their price objective on Shake Shack from $90.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Fifteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $89.74.

Get Our Latest Analysis on SHAK

Shake Shack Stock Down 5.6%

Shake Shack stock opened at $70.17 on Wednesday. The company has a market capitalization of $3.00 billion, a PE ratio of 74.65, a PEG ratio of 5.90 and a beta of 1.63. Shake Shack has a 12-month low of $51.60 and a 12-month high of $114.39. The firm’s fifty day moving average is $58.50 and its 200 day moving average is $78.03. The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 0.43.

Shake Shack (NYSE:SHAK – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.12. Shake Shack had a net margin of 2.56% and a return on equity of 9.29%. The business had revenue of $417.62 million during the quarter, compared to analysts’ expectations of $417.18 million. During the same period last year, the company posted $0.44 earnings per share. The business’s quarterly revenue was up 17.2% on a year-over-year basis. As a group, sell-side analysts predict that Shake Shack will post 1.1 EPS for the current fiscal year.

Insider Activity

In other Shake Shack news, Director Sumaiya Balbale bought 4,068 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of $61.42 per share, for a total transaction of $249,856.56. Following the acquisition, the director directly owned 13,407 shares of the company’s stock, valued at approximately $823,457.94. The trade was a 43.56% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert Lynch purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $60.39 per share, for a total transaction of $301,950.00. Following the transaction, the chief executive officer owned 77,845 shares in the company, valued at $4,701,059.55. This represents a 6.86% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders acquired 50,616 shares of company stock valued at $3,109,782. 8.32% of the stock is currently owned by insiders.

Institutional Trading of Shake Shack

Several institutional investors and hedge funds have recently modified their holdings of SHAK. Swedbank AB purchased a new position in Shake Shack during the 4th quarter worth $84,092,000. Adage Capital Partners GP L.L.C. purchased a new stake in shares of Shake Shack in the fourth quarter valued at about $40,829,000. Wellington Management Group LLP lifted its position in shares of Shake Shack by 21.0% during the third quarter. Wellington Management Group LLP now owns 2,590,911 shares of the company’s stock valued at $242,535,000 after purchasing an additional 450,406 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Shake Shack by 285.2% during the third quarter. Marshall Wace LLP now owns 586,999 shares of the company’s stock valued at $54,949,000 after purchasing an additional 434,625 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Shake Shack during the fourth quarter worth about $20,455,000. 86.07% of the stock is owned by hedge funds and other institutional investors.

Shake Shack News Summary

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

Positive Sentiment: Activist investor involvement: Starboard Value disclosed a stake worth several hundred million dollars. The investment may increase pressure for operational improvements, margin expansion or other shareholder-friendly actions, initially supporting investor sentiment. Starboard Value discloses a sizable Shake Shack stake
Positive Sentiment: Analysts raised price targets: DA Davidson lifted its target from $70 to $85 and upgraded the stock to “buy,” while BNP Paribas Exane raised its target from $77 to $81 and assigned an “outperform” rating. The revisions suggest analysts see meaningful upside despite recent volatility. Shake Shack analyst price-target revisions
Positive Sentiment: Quarterly results exceeded expectations: Second-quarter earnings were $0.43 per share versus the $0.31 consensus estimate, while revenue reached $417.62 million, essentially matching estimates and increasing 17.2% year over year. Shake Shack also expects fiscal 2026 revenue of approximately $1.6 billion to $1.7 billion and plans to open 60 to 65 company-operated restaurants. Shake Shack Q2 earnings and revenue results
Neutral Sentiment: Expansion and brand coverage: New restaurants in Highland Village and Stuyvesant Plaza, along with favorable consumer coverage of Shake Shack’s frozen custard, support continued brand growth but are unlikely to materially change near-term earnings expectations. Shake Shack Highland Village opening
Negative Sentiment: Margin pressure remains the key concern: Beef inflation and higher operating expenses caused profit to slip from $0.44 per share a year ago to $0.43, despite strong revenue growth. Management’s shift to annual-only guidance also reduces near-term visibility, while the stock’s high earnings multiple leaves less room for execution disappointments. Shake Shack revenue rises while profit slips

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.