Recent Analysts’ Ratings Changes for Shake Shack (SHAK)

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

• 6/8/2026 – Shake Shack was downgraded by Weiss Ratings from “sell (d+)” to “sell (d)”.
• 6/4/2026 – Shake Shack had its price target lowered by BNP Paribas Exane from $100.00 to $77.00. They now have an “outperform” rating on the stock.
• 6/4/2026 – Shake Shack had its price target lowered by Robert W. Baird from $76.00 to $60.00. They now have a “neutral” rating on the stock.
• 6/3/2026 – Shake Shack had its “neutral” rating reaffirmed by UBS Group AG. They now have a $79.00 price target on the stock.
• 6/3/2026 – Shake Shack had its “buy” rating reaffirmed by Citigroup Inc..
• 6/3/2026 – Shake Shack had its price target lowered by Wells Fargo & Company from $80.00 to $65.00. They now have an “equal weight” rating on the stock.
• 6/3/2026 – Shake Shack was downgraded by Raymond James Financial, Inc. from “strong-buy” to “outperform”. They now have a $85.00 price target on the stock, down from $125.00.
• 6/3/2026 – Shake Shack had its “equal weight” rating reaffirmed by Morgan Stanley. They now have a $76.00 price target on the stock, down from $115.00.
• 6/3/2026 – Shake Shack had its price target lowered by Gordon Haskett from $90.00 to $70.00. They now have a “buy” rating on the stock.
• 6/3/2026 – Shake Shack had its “hold” rating reaffirmed by TD Cowen. They now have a $70.00 price target on the stock.
• 6/2/2026 – Shake Shack had its price target lowered by DA Davidson from $85.00 to $70.00. They now have a “buy” rating on the stock.
• 6/2/2026 – Shake Shack was given a new $82.00 price target by Oppenheimer Holdings, Inc.. They now have an “outperform” rating on the stock.
• 6/2/2026 – Shake Shack had its “hold” rating reaffirmed by Jefferies Financial Group Inc.. They now have a $66.00 price target on the stock.
• 5/27/2026 – Shake Shack had its price target lowered by TD Cowen from $76.00 to $70.00. They now have a “hold” rating on the stock.
• 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.

Insiders Place Their Bets

In related news, 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, with a total value of $61,300.00. Following the acquisition, 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 purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Daniel Harris Meyer purchased 32,258 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $61.88 per share, with a total value of $1,996,125.04. Following the acquisition, 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 disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 50,616 shares of company stock worth $3,109,782 in the last three months. 8.32% of the stock is owned by company insiders.

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.