Shake Shack (SHAK) shares have seen a rise in their trends, contrasting with their formerly negative performance for the year. The shares enjoyed an increase of about 3.5% last Friday, following the Juneteenth holiday. The stocks gained approximately 2.5%, trading at $137.25 after receiving an upbeat from a set of analyst notes, trailing an overall 6% rise in 2025.
Analysts from Barclays ramped up their price target for Shake Shack shares to $166 on Thursday. This came a day after Oppenheimer's price target increase to $160, making these the highest out of 13 analysts functioning under Visible Alpha that follow the Shake Shack stocks. The group's average price target is slightly lower than $125.
The plans forwarded by Shake Shack to expand and the arrival of new leadership were key factors attracting the attention of both Barclays and Oppenheimer analysts. The introduction of new ideas and operational efficiencies with the change in leadership, especially the recent hiring of Chief Communications Officer Luke DeRouen, is notable. His initiative to create a tagline for the fast-casual concept was also noted positively.
Barclays mentioned in a note highlighting high-growth, high-valuation restaurants that with new leadership comes both new ideas and operating efficiencies, combined with an ongoing outsized growth strategy. Oppenheimer pointed out that the stock has outperformed competitors in recent weeks, with Shake Shack stocks surging by 77% since early April, in contrast to the S&P's 22% rise. This represents a best performance among growth peers in the same time frame with a 14% average.
This week, Bank of America also increased its price target for Shake Shack stocks to $134 from its previous $112.