Shake Shack slides 28.8% on Q1 revenue miss, profit setback, and margin pressure

Shake Shack Inc. (SHAK) is down 28.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied to a weaker-than-expected quarterly report, with Shake Shack swinging back to a small net loss and coming in short of consensus revenue expectations. Investors also seem focused on margin pressure from higher input costs (including beef) and a cautious tone on near-term demand and profitability.

Details:

Shake Shack reported first-quarter 2026 revenue of $366.7 million (up 14.3% year over year) but below the Street’s estimate cited in market coverage.

The company posted an operating loss of $2.6 million and a net loss of $0.3 million (a loss of $0.01 per diluted share), versus net income in the year-ago quarter.

Same-Shack sales rose 4.6%, but adjusted EBITDA fell 9.3% year over year, reinforcing concerns that cost inflation is outpacing sales leverage.

Shake Shack also announced a CFO transition, naming Michelle Hook as CFO effective May 11, 2026, adding another headline for investors to digest alongside the earnings reset.

Sources:

Shake Shack Investor Relations, U.S. SEC, Reuters

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SHAK Insider Trading Activity

$SHAK insiders have traded $SHAK stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.

Here’s a breakdown of recent trading of $SHAK stock by insiders over the last 6 months:

STEPHANIE ANN SENTELL (Chief Operations Officer) has made 0 purchases and 6 sales selling 1,983 shares for an estimated $178,081.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

$SHAK Hedge Fund Activity

We have seen 158 institutional investors add shares of $SHAK stock to their portfolio, and 207 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

AMERIPRISE FINANCIAL INC removed 754,687 shares (-90.8%) from their portfolio in Q4 2025, for an estimated $61,257,943
INVESCO LTD. removed 676,103 shares (-71.4%) from their portfolio in Q4 2025, for an estimated $54,879,280
MAN GROUP PLC removed 448,831 shares (-98.5%) from their portfolio in Q4 2025, for an estimated $36,431,612
BANK OF AMERICA CORP /DE/ removed 399,246 shares (-32.9%) from their portfolio in Q4 2025, for an estimated $32,406,797
WELLINGTON MANAGEMENT GROUP LLP added 392,024 shares (+15.1%) to their portfolio in Q4 2025, for an estimated $31,820,588
CANADA PENSION PLAN INVESTMENT BOARD added 380,623 shares (+230.6%) to their portfolio in Q4 2025, for an estimated $30,895,168
BNP PARIBAS FINANCIAL MARKETS removed 364,097 shares (-79.2%) from their portfolio in Q4 2025, for an estimated $29,553,753

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$SHAK Congressional Stock Trading

Members of Congress have traded $SHAK stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $SHAK stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 01/05.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.

$SHAK Analyst Ratings

Wall Street analysts have issued reports on $SHAK in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Morgan Stanley issued a "Overweight" rating on 01/20/2026
Freedom Capital Markets issued a "Buy" rating on 12/17/2025
Loop Capital issued a "Buy" rating on 11/14/2025

To track analyst ratings and price targets for $SHAK, check out Quiver Quantitative's $SHAK forecast page.

$SHAK Price Targets

Multiple analysts have issued price targets for $SHAK recently. We have seen 14 analysts offer price targets for $SHAK in the last 6 months, with a median target of $119.0.

Here are some recent targets:

Matt Curtis from DA Davidson set a target price of $125.0 on 04/27/2026
Gregory Francfort from Guggenheim set a target price of $120.0 on 04/24/2026
Rahul Krotthapalli from JP Morgan set a target price of $100.0 on 04/24/2026
Nick Setyan from Mizuho set a target price of $120.0 on 04/10/2026
Sara Senatore from B of A Securities set a target price of $101.0 on 03/31/2026
Margaret-May Binshtok from Wolfe Research set a target price of $118.0 on 03/09/2026
Jake Bartlett from Truist Securities set a target price of $148.0 on 03/02/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.