Shake Shack (NYSE:SHAK) Stock

SHAKE SHACK INC - CLASS A

Shake Shack

Shake Shack Inc is a roadside burger stand. It serves a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, crinkle-cut fries, shakes, beer, wine and more. The company's burgers are made with a whole-muscle blend of all-natural, hormone and antibiotic-free Angus beef, ground fresh daily, cooked to order, and served on a non-genetically modified organism (GMO) potato bun. Its menu focuses on food and beverages, crafted from a range of classic American foods. The company serves draft Root Beer, seasonal freshly-squeezed lemonade, organic fresh brewed iced tea, cold brew coffee, organic apple juice, and Shack20 bottled water.

Shake Shack Inc

In the last three months, 17 analysts have published ratings on Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>), offering a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">6</td>
<td align="right">2</td>
<td align="right">7</td>
<td align="right">2</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $112.06, a high estimate of $145.00, and a low estimate of $85.00. A decline of 7.79% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2025/1749060028_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A clear picture of Shake Shack's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Christine Cho</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$145.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Anthony Trainor</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$115.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Andrew Charles</td>
<td>TD Securities</td>
<td>Maintains</td>
<td>Hold</td>
<td>$105.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$140.00</td>
<td>$134.00</td>
</tr>
<tr>
<td>John Ivankoe</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$100.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Brian Vaccaro</td>
<td>Raymond James</td>
<td>Lowers</td>
<td>Strong Buy</td>
<td>$140.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>David Tarantino</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$90.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Andrew Charles</td>
<td>TD Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$105.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Dennis Geiger</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$100.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$100.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$131.00</td>
<td>$154.00</td>
</tr>
<tr>
<td>Chris O'Cull</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$97.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Brian Bittner</td>
<td>Oppenheimer</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$125.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>David Tarantino</td>
<td>Baird</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$85.00</td>
<td>$98.00</td>
</tr>
<tr>
<td>Alton Stump</td>
<td>Loop Capital</td>
<td>Announces</td>
<td>Buy</td>
<td>$127.00</td>
<td>-</td>
</tr>
<tr>
<td>Anthony Trainor</td>
<td>Wells Fargo</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$95.00</td>
<td>-</td>
</tr>
<tr>
<td>John Ivankoe</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$105.00</td>
<td>$107.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Shake Shack. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Shake Shack compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Shake Shack's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Shake Shack's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/SHAK/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Shake Shack analyst ratings.</a>
<h2>Delving into Shake Shack's Background</h2>
Shake Shack Inc is a roadside burger stand. It serves a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, crinkle-cut fries, shakes, beer, wine and more. The company's burgers are made with a whole-muscle blend of all-natural, hormone and antibiotic-free Angus beef, ground fresh daily, cooked to order, and served on a non-genetically modified organism (GMO) potato bun. Its menu focuses on food and beverages, crafted from a range of classic American foods. The company serves draft Root Beer, seasonal freshly-squeezed lemonade, organic fresh brewed iced tea, cold brew coffee, organic apple juice, and Shack20 bottled water.
<h3>Understanding the Numbers: Shake Shack's Finances</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Shake Shack's remarkable performance in 3M is evident. As of 31 March, 2025, the company achieved an impressive revenue growth rate of 10.46%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Shake Shack's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 1.32%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Shake Shack's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 0.9%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.25%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Shake Shack's debt-to-equity ratio is below the industry average at 1.74, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Basics of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

SHAK

Analyst Expectations For Shake Shack's Future

Goldman Sachs analyst Christine Cho maintains Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) with a Buy and raises the price target from $120 to $145.

News

Price Target

Goldman Sachs Maintains Buy on Shake Shack, Raises Price Target to $145

BTIG analyst Peter Saleh downgrades Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) from Buy to Neutral.

Downgrades

BTIG Downgrades Shake Shack to Neutral

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>Goldman Sachs analyst Robert Cox initiated coverage on Aspen Insurance Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AHL#NYSE">AHL</a>) with a Neutral rating and announced a price target of $38. Aspen Insurance shares closed at $34.30 on Friday. <a href="https://www.benzinga.com/quote/ahl/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. analyst Brandon Folkes initiated coverage on Cardiol Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDL#NASDAQ">CRDL</a>) with a Buy rating and announced a price target of $9. Cardiol Therapeutics shares closed at $1.4251 on Friday. <a href="https://www.benzinga.com/quote/crdl/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc analyst Christopher Carril initiated coverage on Shake Shack Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) with a Sector Weight rating. Shake Shack shares closed at $129.79 on Friday. <a href="https://www.benzinga.com/quote/shak/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities analyst Matthew Coad initiated coverage on Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) with a Buy rating and announced a price target of $400. Visa shares closed at $365.19 on Friday. <a href="https://www.benzinga.com/quote/v/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup analyst Patrick Cunningham initiated coverage on RPM International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) with a Buy rating and announced a price target of $135. RPM shares closed at $113.84 on Friday. <a href="https://www.benzinga.com/quote/rpm/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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Initiation

Pre-Market Outlook

Markets

Trading Ideas

CRDL

This Visa Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Monday

Keybanc analyst Christopher Carril initiates coverage on Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) with a Sector Weight rating.

Keybanc Initiates Coverage On Shake Shack with Sector Weight Rating

Wells Fargo analyst Anthony Trainor maintains Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) with a Equal-Weight and raises the price target from $95 to $115.

Wells Fargo Maintains Equal-Weight on Shake Shack, Raises Price Target to $115

WIIM

APTV

ARHS

BALY

BGFV

BYON

CAKE

ESCA

EXPE

FIVE

GPRO

GROV

IRBT

JZXN

LVWR

MBLY

NWTN

PLAY

PLBY

SBUX

SERV

SLDP

TXRH

ULTA

VMAR

XPOF

YSXT

Shares of companies within the broader consumer discretionary sector are trading higher, possibly amid overall market strength after President Trump delayed 50% EU tariffs to July.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/23/25</td>
<td>$350.00</td>
<td>$90.8K</td>
<td>22.7K</td>
<td>86.1K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$200.00</td>
<td>$47.1K</td>
<td>41.4K</td>
<td>845</td>
</tr>
<tr>
<td>PTON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/27/25</td>
<td>$7.00</td>
<td>$27.8K</td>
<td>391</td>
<td>603</td>
</tr>
<tr>
<td>ABNB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$130.00</td>
<td>$32.4K</td>
<td>483</td>
<td>235</td>
</tr>
<tr>
<td>SHAK</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$130.00</td>
<td>$34.7K</td>
<td>125</td>
<td>28</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on May 23, 2025. Parties traded 300 contract(s) at a $350.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $90.8K, with a price of $304.0 per contract. There were 22716 open contracts at this strike prior to today, and today 86135 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option trade with bullish sentiment. It expires in 86 day(s) on August 15, 2025. Parties traded 30 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $47.1K, with a price of $1570.0 per contract. There were 41466 open contracts at this strike prior to today, and today 845 contract(s) were bought and sold. 
• For PTON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>), we notice a call option sweep that happens to be bearish, expiring in 37 day(s) on June 27, 2025. This event was a transfer of 497 contract(s) at a $7.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $27.8K, with a price of $56.0 per contract. There were 391 open contracts at this strike prior to today, and today 603 contract(s) were bought and sold. 
• For ABNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), we notice a put option trade that happens to be bearish, expiring in 58 day(s) on July 18, 2025. This event was a transfer of 48 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $32.4K, with a price of $675.0 per contract. There were 483 open contracts at this strike prior to today, and today 235 contract(s) were bought and sold. 
• For SHAK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>), we notice a call option trade that happens to be bearish, expiring in 240 day(s) on January 16, 2026. This event was a transfer of 28 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $34.7K, with a price of $1240.0 per contract. There were 125 open contracts at this strike prior to today, and today 28 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

ABNB

AMZN

PTON

TSLA

5 Consumer Discretionary Stocks Whale Activity In Today's Session

PENN Entertainment Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>) and Shake Shack Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) have entered into a <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/b45540238/shake-shack-and-penn-entertainment-team-up-to-bring-popular-burger-brand-to-ten-penn-properties" rel="noreferrer noopener">licensing agreement</a> to bring the popular fast-casual burger chain to ten PENN-owned casino properties across the United States.
The companies announced the deal Wednesday, revealing that, pending regulatory approval, the first two Shake Shack locations, in Hollywood Casino Toledo in Ohio and River City Casino Hotel in St. Louis, Missouri, will open in 2026.
The rollout aims to blend Shake Shack's premium food offerings with PENN's gaming and hospitality experience.
Also Read: <a target="_blank" href="https://www.benzinga.com//node/44909706" rel="noreferrer noopener">Tariff Pressures Could Reshape Restaurant Buildout Economics, Says Analyst</a>
Shake Shack plans to broaden its geographic footprint through this partnership while exploring nontraditional venues. The new outlets at PENN properties will feature the brand's hallmark menu and hospitality, marking its entry into the entertainment sector.
Michael Kark, Shake Shack's President of Global Licensing, noted the collaboration enables the company to "take a meaningful step into the entertainment space."
For PENN, the partnership represents a move to elevate food and beverage options at its properties nationwide. Todd George, Executive Vice President of Operations, said the initiative aligns with the company's ongoing strategy to modernize its offerings and appeal to evolving consumer preferences. "Shake Shack is a well-known brand that resonates with customers," he said.
While exact locations for the remaining eight Shacks have yet to be announced, the partnership signifies a broader trend of integrating popular culinary brands into casino environments to attract diverse demographics and enhance the overall guest experience.
Related ETFs: Invesco Dynamic Leisure and Entertainment ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>), AdvisorShares Restaurant ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EATZ#NYSE">EATZ</a>)
Price Action: At the last check on Wednesday, PENN shares were trading lower by 2.11% at $14.88, and SHAK was trading lower by 1.31% to $115.69.
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Photo by Ned Snowman via Shutterstock

EATZ

PowerShares ETF Leisure & Entertainment Port

PENN

Burgers Meet Blackjack: Shake Shack Expands Into PENN Casino Properties Nationwide

Ten Shacks to Open at PENN Casino Locations Nationwide, Expanding Reach of The Brand's Signature Offerings
PENN Entertainment, Inc. ("PENN") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>) and Shake Shack Inc. ("Shake Shack") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) today announced a licensing partnership to bring the iconic burger brand to ten of PENN's casino locations throughout the country.The first Shacks are expected to open at Hollywood Casino Toledo, Ohio and River City Casino Hotel in St. Louis, Mo. in 2026, pending customary regulatory approvals.
Shake Shack, whose purpose is to Stand For Something Good&#xAE;, is excited to bring its signature quality, hospitality and elevated dining experience to PENN properties nationwide. In partnership with PENN Entertainment, the brand is raising the stakes – delivering craveable flavor and exceptional service to new guests from coast to coast.
"Shake Shack is thrilled to be partnering with PENN Entertainment to open ten incredible Shacks and take a meaningful step into the entertainment space," said Michael Kark, President of Global Licensing at Shake Shack. "We continue to explore flexible formats that allow us to expand the Shake Shack brand into new regions of the U.S. Together with PENN, we're creating new opportunities to share our special blend of top-notch ingredients and warm hospitality with even more guests."
"This partnership marks another exciting development as we continue to reimagine our properties with refreshed dining and entertainment options," said Todd George, Executive Vice President, Operations, PENN Entertainment. "Shake Shack is a well-known brand that resonates with customers, and we look forward to welcoming them to a core segment of our property portfolio."

Contracts

Shake Shack And PENN Entertainment Enters Partnership To Bring Burger Brand To Ten PENN Properties

U.S. stock futures were lower this morning, with the Dow futures falling around 300 points on Monday.
Shares of Shake Shack Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) fell sharply in today's <a href="https://www.benzinga.com/quote/SHAK">pre-market trading</a>.
TD Securities analyst Andrew Charles downgraded the rating for Shake Shack from Buy to Hold and maintained the price target of $105.
Shake Shack shares tumbled 4.4% to $114.00 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul class="wp-block-list">
<li>Patriot National Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNBK#NASDAQ">PNBK</a>) shares dipped 8.1% to $5.26 in pre-market trading. Patriot National Bancorp, last week, announced a $250 million mixed shelf offering.</li>
<li>TSS, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSSI#NASDAQ">TSSI</a>) declined 7.7% to $14.25 in pre-market trading. TSS shares jumped 74% on Friday after the company reported a year-over-year increase in first-quarter revenue results.</li>
<li>GRAIL, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAL#NASDAQ">GRAL</a>) fell 7.3% to $36.99 in pre-market trading. GRAIL, last week posted a first-quarter loss of $3.10 per share.</li>
<li>Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) declined 6.9% to $3.63 in pre-market trading.</li>
<li>NuScale Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) fell 6.7% to $22.54 in pre-market trading. NuScale Power, last week, posted upbeat quarterly revenue.</li>
<li>Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) dipped 6.7% to $35.20 in pre-market trading.</li>
<li>OppFi Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPFI#NYSE">OPFI</a>) dipped 6.4% to $11.06 in pre-market trading. OppFi, on May 7, posted better-than-expected quarterly results.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) fell 6.2% to $106.20 in pre-market trading.</li>
<li>Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) fell 4.7% to $24.36 in pre-market trading. Rocket Lab USA successfully launched its third mission for Japanese customer, Institute for Q-shu Pioneers of Space, Inc. (iQPS).</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell 3.7% to $337.00 in pre-market trading. Tesla is reportedly accepting trade-ins for the Cybertruck, a year after Elon Musk's company launched the pickup truck.</li>
</ul>
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Shake Shack, Tesla And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>TD Securities analyst Andrew Charles downgraded the rating for Shake Shack Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) from Buy to Hold and maintained the price target of $105. Shake Shack shares closed at $119.19 on Friday. <a href="https://www.benzinga.com/quote/SHAK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Giacomo Romeo downgraded the rating for BP p.l.c. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) from Buy to Hold and lowered the price target from $40.8 to $29. BP shares closed at $29.76 on Friday. <a href="https://www.benzinga.com/quote/BP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Doug Anmuth downgraded Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) from Overweight to Neutral but raised the price target from $1,150 to $1,220. Netflix shares closed at $1,191.53 on Friday. <a href="https://www.benzinga.com/quote/NFLX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup analyst Scott Gruber downgraded the rating for Helmerich &amp; Payne, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HP#NYSE">HP</a>) from Buy to Neutral and lowered the price target from $25 to $19. Helmerich &amp; Payne shares closed at $17.80 on Friday. <a href="https://www.benzinga.com/quote/HP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo analyst Ken Gawrelski downgraded Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) from Overweight to Equal-Weight and lowered the price target from $168 to $115. Reddit shares closed at $113.23 on Friday. <a href="https://www.benzinga.com/quote/RDDT/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying BP stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="593" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19080745/image-229-1024x593.png" alt="" class="wp-image-919713" style="width:601px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19080745/image-229-1024x593.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19080745/image-229-300x174.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19080745/image-229-768x445.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19080745/image-229.png 1105w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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This BP Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Monday

Across the recent three months, 18 analysts have shared their insights on Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>), expressing a variety of opinions spanning from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">7</td>
<td align="right">2</td>
<td align="right">7</td>
<td align="right">2</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">4</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Shake Shack, presenting an average target of $114.67, a high estimate of $154.00, and a low estimate of $85.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 8.54%. 
<img src="https://www.benzinga.com/files/images/story/2025/1747656032_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The standing of Shake Shack among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Andrew Charles</td>
<td>TD Securities</td>
<td>Maintains</td>
<td>Hold</td>
<td>$105.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$140.00</td>
<td>$134.00</td>
</tr>
<tr>
<td>John Ivankoe</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$100.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Brian Vaccaro</td>
<td>Raymond James</td>
<td>Lowers</td>
<td>Strong Buy</td>
<td>$140.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>David Tarantino</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$90.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Andrew Charles</td>
<td>TD Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$105.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Dennis Geiger</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$100.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$100.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$131.00</td>
<td>$154.00</td>
</tr>
<tr>
<td>Chris O'Cull</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$97.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Brian Bittner</td>
<td>Oppenheimer</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$125.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>David Tarantino</td>
<td>Baird</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$85.00</td>
<td>$98.00</td>
</tr>
<tr>
<td>Alton Stump</td>
<td>Loop Capital</td>
<td>Announces</td>
<td>Buy</td>
<td>$127.00</td>
<td>-</td>
</tr>
<tr>
<td>Anthony Trainor</td>
<td>Wells Fargo</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$95.00</td>
<td>-</td>
</tr>
<tr>
<td>John Ivankoe</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$105.00</td>
<td>$107.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$154.00</td>
<td>$143.00</td>
</tr>
<tr>
<td>Nick Setyan</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Neutral</td>
<td>$125.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Andrew Charles</td>
<td>TD Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$140.00</td>
<td>$140.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Shake Shack. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Shake Shack compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Shake Shack's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into Shake Shack's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/SHAK/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Shake Shack analyst ratings.</a>
<h2>Unveiling the Story Behind Shake Shack</h2>
Shake Shack Inc is a roadside burger stand. It serves a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, crinkle-cut fries, shakes, beer, wine and more. The company's burgers are made with a whole-muscle blend of all-natural, hormone and antibiotic-free Angus beef, ground fresh daily, cooked to order, and served on a non-genetically modified organism (GMO) potato bun. Its menu focuses on food and beverages, crafted from a range of classic American foods. The company serves draft Root Beer, seasonal freshly-squeezed lemonade, organic fresh brewed iced tea, cold brew coffee, organic apple juice, and Shack20 bottled water.
<h3>Key Indicators: Shake Shack's Financial Health</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Shake Shack displayed positive results in 3M. As of 31 March, 2025, the company achieved a solid revenue growth rate of approximately 10.46%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: Shake Shack's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 1.32%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 0.9%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Shake Shack's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.25%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.74.
<h2>The Basics of Analyst Ratings</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 18 Analyst Projections For Shake Shack

TD Securities analyst Andrew Charles downgrades Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) from Buy to Hold and maintains the price target from $105 to $105.

TD Securities Downgrades Shake Shack to Hold, Maintains Price Target to $105

Truist Securities analyst Jake Bartlett maintains Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) with a Buy and raises the price target from $134 to $140.

Truist Securities Maintains Buy on Shake Shack, Raises Price Target to $140

It's full steam ahead through Panama for Shake Shack! Shake Shack Inc. ("Shake Shack" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) has partnered with Grupo Attie-Multifood Enterprises to bring the iconic brand to Panama. As part of the deal, the partnership plans to open 12 Shacks across the Panamanian market by 2035, with its first Shack scheduled to open in 2026 - marking an exciting new chapter in the Company's international journey.
Shake Shack is proud to partner with Grupo Attie-Multifood Enterprises, a powerhouse Panamanian conglomerate with operations across Panama, Colombia, Chile, and Mexico. They currently operate over 200 in-stores and 200 stores in Latin America, and specialize in real estate, food and beverage, retail, finance, and online entertainment and gaming.

Shake Shack Heads to Panama in New Deal, Plans 12 Locations by 2035

Restaurant stocks that were hammered earlier in the week are starting to recover as markets respond to a major trade agreement between the<a href="https://www.benzinga.com/government/regulations/25/05/45347089/wall-street-rips-higher-as-tariff-truce-halts-us-china-economic-escalation"> U.S. and China. </a>
What To Know: After sharp declines sparked by President Donald Trump's aggressive tariff policy on Wednesday, a new 90-day truce announced Friday has led to a broad shift in sentiment, especially for consumer-facing sectors like restaurants.
The initial round of tariffs hit restaurant stocks hard due to their exposure to global supply chains, particularly in sourcing food machinery, packaging and commodities from China and other countries. 
Starbucks Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), which operates over 7,600 stores in China and relies heavily on coffee imports, was among the worst hit, falling more than 11% on Thursday. Chains like Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>), Dutch Bros (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>), CAVA Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>), Cracker Barrel Old Country Store Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) and Portillos Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTLO#NASDAQ">PTLO</a>) also posted steep losses ranging from 7% to over 13% that day, as investors anticipated rising costs and disrupted sourcing channels. 
Friday&#8217;s announcement of a tariff rollback between the U.S. and China reversed much of the market&#8217;s earlier fear. The agreement, reached in Geneva, Switzerland, slashes U.S. tariffs on Chinese goods from 145% to 30% and reduces Chinese tariffs on American goods from 125% to 10%, starting May 14. This decision effectively pauses one of the most aggressive protectionist escalations in recent trade history and removes a significant overhang for the restaurant industry.
The market&#8217;s reaction was immediate. U.S. equity futures surged, the dollar strengthened and recession probabilities dropped as optimism returned to the broader economy. 
For restaurants, the truce eases concerns over rising input costs, food inflation and supply chain disruptions, giving companies more clarity on operational planning and cost management in the short term. 
While many of these stocks are still recovering from the earlier losses, the tariff pause gives breathing room to an industry that was directly caught in the crossfire of escalating trade tensions. Investors are now watching for signs of sustained improvement in consumer sentiment and corporate earnings as the macroeconomic picture stabilizes.
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Shares of restaurant companies are trading higher after the US and China agreed to a temporary reduction in most tariffs on each other's goods. This could alleviate supply chain uncertainty in the sector.

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2025/05/07/final-trades-shake-shack-wynn-resorts-spotify-and-the-iyf.html">Halftime Report Final Trades</a>,&#8221; Joshua Brown, CEO of Ritholtz Wealth Management, said he is bullish on Shake Shack Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>), which reported quarterly earnings last week. The company will open 40 to 50 <a href="https://www.benzinga.com/quote/SHAK/earnings">new company-operated stores this year, he noted.</a>
On May 1, the company reported quarterly adjusted earnings per share of 14 cents, missing the street view of 16 cents. Quarterly sales of $320.90 million (up 10.5%) missed the analyst consensus estimate of $328.08 million.
Jim Lebenthal of Cerity Partners said the international expansion makes Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) a growth stock.
On the earnings front, Wynn Resorts reported quarterly earnings of $1.07 per share on May 6, which missed the analyst consensus estimate of $1.19 per share. The company also reported quarterly sales of $1.70 billion, which missed the analyst consensus estimate of $1.74 billion.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Shannon Saccocia, chief investment officer of NB Private Wealth, named iShares U.S. Financials ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYF#NYSE">IYF</a>) as her final trade, saying lack of new regulation is a driver here.
Joseph M. Terranova, senior managing director for Virtus Investment Partners, said Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) hit another all-time high.
Spotify reported quarterly earnings of $1.13 per share on April 29, missing the analyst consensus estimate of $2.33. However, the company&#8217;s quarterly sales of $4.41 billion (4.19 billion euros), up 15% year over year, beat the analyst consensus estimate of $4.20 billion.
Price Action:
<ul>
<li>Shake Shack shares climbed 3.3% to close at $101.93 on Wednesday.</li>
<li>Wynn Resorts shares rose 0.7% to $84.12 during Wednesday's session.</li>
<li>iShares U.S. Financials ETF rose 0.6% on Wednesday..</li>
<li>Spotify shares climbed 3.8% to settle at $657.10.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/25/05/45250672/wall-streets-most-accurate-analysts-give-their-take-on-3-industrials-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Industrials Stocks Delivering High-Dividend Yields</a></li>
</ul>
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iShares Dow Jones US Financial Sector Index Fund

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WYNN

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Press Releases

Shake Shack to Announce Fourth Quarter 2024 Financial Results on February 20, 2025

Serve Robotics Expands to Miami Metro, Offering Autonomous Delivery for Shake Shack and Mister O1

Shake Shack Announces Fourth Quarter and Fiscal Year 2024 Financial Results

Shake Shack to Participate in Upcoming March Investor Conferences

Shake Shack to Announce First Quarter 2025 Financial Results on May 1, 2025

Jeffrey Lawrence Appointed Chairman of Joe & the Juice

Shake Shack Announces First Quarter 2025 Financial Results

Shake Shack Sets Sights on Central America as Global Expansion Heats Up

Shake Shack and PENN Entertainment Team Up to Bring Popular Burger Brand to Ten PENN Properties

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