<div id="readability-page-1"><p>Shake Shack, Inc. (NYSE:SHAK - Get Free Report) dropped 6.2% during mid-day trading on Monday after JPMorgan Chase &amp; Co. lowered their price target on the stock from $100.00 to $85.00. JPMorgan Chase &amp; Co. currently has a neutral rating on the stock. Shake Shack traded as low as $65.50 and last traded at $65.7810. Approximately 1,651,333 shares were traded  during trading, an increase of 5% from the average daily volume of 1,578,942 shares. The stock had previously closed at $70.14.</p><ul><li>2 Restaurant Stocks, 2 Earnings Beats, 2 Very Different Setups</li></ul><p>A number of other equities analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft  reissued a &#34;buy&#34; rating and issued a $117.00 price objective on shares of Shake Shack in a report on Wednesday, April 15th. Robert W. Baird  set a $76.00 price objective on shares of Shake Shack in a report on Thursday. TD Cowen dropped their price objective on shares of Shake Shack from $105.00 to $76.00 and set a &#34;hold&#34; rating on the stock in a report on Thursday. Oppenheimer  set a $100.00 price objective on shares of Shake Shack in a report on Friday. Finally, DA Davidson  set a $85.00 price objective on shares of Shake Shack in a report on Friday. One equities research analyst  has rated the stock with a Strong Buy rating, fourteen have assigned  a Buy rating and thirteen have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $107.92.</p><p><b>Check Out Our Latest Analysis on Shake Shack</b></p><h2>Insiders Place Their Bets</h2><ul><li>NVIDIA Invested in These 2 AI Stocks, Should You? </li></ul><p>In other Shake Shack news, insider Stephanie Ann Sentell sold 258 shares of Shake Shack stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $102.21, for a total transaction of $26,370.18. Following the transaction, the insider owned 15,084 shares of the company's stock, valued at $1,541,735.64. The trade was a 1.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.50% of the stock is owned by corporate insiders. </p><h2>Hedge Funds Weigh In On Shake Shack</h2><p>Several large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in  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.  12 West Capital Management LP lifted its holdings in  Shake Shack by 12.0% during the fourth quarter. 12 West Capital Management LP now owns 1,963,595 shares of the company's stock valued at $159,385,000 after purchasing an additional 210,000 shares in the last quarter.  State Street Corp lifted its holdings in  Shake Shack by 1.1% during the second quarter. State Street Corp now owns 1,470,084 shares of the company's stock valued at $206,694,000 after purchasing an additional 15,607 shares in the last quarter.  Swedbank AB purchased a new position in  Shake Shack during the fourth quarter valued at approximately $84,092,000.  Finally, Van Berkom &amp; Associates Inc. lifted its holdings in  Shake Shack by 27.6% during the fourth quarter. Van Berkom &amp; Associates Inc. now owns 923,347 shares of the company's stock valued at $74,948,000 after purchasing an additional 199,687 shares in the last quarter. Hedge funds and other institutional investors own  86.07% of the company's stock. </p><h2>Shake Shack Price Performance</h2><ul><li>Retail Sector Comeback Plays: SPDR S&amp;P Retail ETF, FND, and SHAK </li></ul><p>The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.45. The firm has a market cap of $2.81 billion, a PE ratio of 67.08, a P/E/G ratio of 2.93 and a beta of 1.78. The firm's fifty day simple moving average is $94.14 and its two-hundred day simple moving average is $91.01. </p><p>Shake Shack (NYSE:SHAK - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.11). The firm had revenue of $366.74 million for the quarter, compared to analysts' expectations of $372.43 million. Shake Shack had a net margin of 2.76% and a return on equity of 9.62%. Shake Shack's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 EPS.  As a group, research analysts expect that  Shake Shack, Inc. will post 1.3 EPS for the current year. </p><h2>About Shake Shack</h2> (Get Free Report)<p>Shake Shack, Inc <span>NYSE: SHAK<span></span></span> 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.  </p><p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Shake Shack</li><li>Meta Platforms’ Wild Post-Earnings Swings: Where Analyst Price Targets Stand Now</li><li>3 Metals and Mining Stocks Riding the Commodity Supercycle</li><li>Catching Falling Knives: Is Time to Buy These Beaten-Down Stocks?</li><li>The Stars Are Aligning For Apple: Get Ready for $300</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Shake Shack Right Now?</h2><p>Before you consider Shake Shack, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shake Shack wasn't on the list.</p><p>While Shake Shack currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Shake Shack (NYSE:SHAK) shares fell 6.2% after JPMorgan Chase downgraded its price target from $100 to $85, maintaining a neutral rating. The stock traded as low as $65.50, with a last price of $65.78. Analysts have mixed ratings, with one strong buy, fourteen buys, and thirteen holds. The company reported $0.00 EPS for the last quarter, missing estimates, with revenue of $366.74 million. Shake Shack's market cap is $2.81 billion, and institutional investors own 86.07% of the stock.</p>

Shake Shack (NYSE:SHAK) Trading Down 6.2% After Analyst Downgrade