On March 9, 2026, Wolfe Research initiated coverage of Shake Shack (NYSE: SHAK) with an Outperform rating. The average one-year price target for Shake Shack is $113.78 per share, representing an 18.85% increase from its latest closing price of $95.73.
Projected annual revenue for Shake Shack is $1.576 billion, a 9.04% increase, with a non-GAAP EPS estimate of $0.22. Institutional ownership has decreased by 32.31% over the last quarter, with 442 funds reporting positions, and total shares owned by institutions fell by 12.77% to 42.947 million shares.
Fund sentiment shows varied activity; Wellington Management increased its shareholding by 13.14% to 2.983 million shares, while Gilder Gagnon Howe & Co reduced its stake by 2.93% to 1.269 million shares. The overall put/call ratio for SHAK stands at 1.19, indicating a bearish outlook.
