TD Cowen Issues Pessimistic Forecast for Shake Shack (NYSE:SHAK) Stock Price

07 May 2026, 15:43 by Renee Jackson · The Cerbat Gem

Shake Shack (NYSE:SHAK – Get Free Report) had its price objective reduced by research analysts at TD Cowen from $105.00 to $76.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s target price would indicate a potential upside of 10.69% from the stock’s previous close.

Several other research analysts also recently weighed in on the company. Wells Fargo & Company upped their price target on Shake Shack from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Friday, February 27th. Guggenheim assumed coverage on Shake Shack in a research note on Friday, April 24th. They issued a “buy” rating and a $120.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Shake Shack in a research note on Monday, April 20th. Truist Financial upped their price target on Shake Shack from $144.00 to $148.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Barclays dropped their price target on Shake Shack from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.50.

Get Our Latest Research Report on SHAK

Shake Shack Stock Performance

Shake Shack stock traded down $27.86 during midday trading on Thursday, hitting $68.66. The stock had a trading volume of 12,140,412 shares, compared to its average volume of 1,510,806. The firm’s fifty day moving average is $94.54 and its two-hundred day moving average is $91.17. The company has a market capitalization of $2.93 billion, a PE ratio of 62.77, a P/E/G ratio of 3.77 and a beta of 1.78. Shake Shack has a 52-week low of $67.21 and a 52-week high of $144.65. The company has a current ratio of 1.76, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45.

Shake Shack (NYSE:SHAK – Get Free Report) last released its earnings results on Thursday, February 26th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. The company had revenue of $400.53 million during the quarter, compared to analyst estimates of $402.06 million. Shake Shack had a net margin of 3.16% and a return on equity of 11.08%. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 EPS. On average, research analysts forecast that Shake Shack will post 1.4 EPS for the current year.

Insider Activity at Shake Shack

In other 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 transaction of $26,370.18. Following the completion of the transaction, the insider directly owned 15,084 shares in the company, valued at approximately $1,541,735.64. This represents a 1.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 8.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. bought a new position in shares of Shake Shack during the 1st quarter valued at approximately $26,000. Hilton Head Capital Partners LLC bought a new stake in Shake Shack in the fourth quarter worth $25,000. Global Retirement Partners LLC lifted its position 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. Assetmark Inc. lifted its position 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. Finally, UMB Bank n.a. lifted its position 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. 86.07% of the stock is currently owned by institutional investors.

Shake Shack News Roundup

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

Positive Sentiment: Company provided second‑quarter revenue guidance of $424.0M–$428.0M, which is above consensus and could support near‑term top‑line outlook if execution holds.
Positive Sentiment: Appointed Michelle Hook as Chief Financial Officer (effective May 11). New finance leadership may help stabilize investor confidence on forecasting, reporting and cost control. Shake Shack Appoints Michelle Hook as Chief Financial Officer
Neutral Sentiment: Marketing promotions (National Burger Month, teacher appreciation deals) may support traffic but are unlikely to offset larger margin pressures in the near term. Shake Shack giving away free burgers in May for National Burger Month
Negative Sentiment: Q1 results missed expectations: revenue growth slowed (Q1 revenue ~$366.7M vs. estimates) and adjusted EPS was essentially break‑even versus Street forecasts, driving the selloff. Shake Shack shares plunge on disappointing quarterly results
Negative Sentiment: Company reported an operating loss and swung to a quarterly loss after higher beef costs and increased spending on marketing and technology weighed on margins. Shake Shack Swings to Loss on Higher Costs
Negative Sentiment: Management cited winter storms and an accelerated store‑opening cadence as near‑term headwinds that pressured sales and margins, reducing confidence in near‑term profitability. Shake Shack shares crater 30% after burger chain reports operating loss
Negative Sentiment: High trading volume and the sharp price decline amplify downside risk as investors reassess growth vs. margin stability for the fast‑casual story. Shake Shack Stock Plunges After Missing Sales Estimates

Shake Shack Company Profile

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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.