Shake Shack Stock Continues Climb, With Assist From Bullish Analysts

Sarina Trangle

Thu, Jun 26, 2025, 12:45 PM 2 min read

• Shake Shack shares have gained traction in recent days and are now up nearly 6% so far this year.

• The upswing comes as Barclays and Oppenheimer published bullish notes on the fast-casual burger chain.

• Shake Shack's new leadership and plans to open more restaurants look promising, analysts said.

Shake Shack (SHAK) shares are on the rise.

The stock had been negative for the year until a 3.5% gain last Friday, the day after the Juneteenth holiday. Shares were about 2.5% higher at $137.25 in recent trading after getting a boost from a pair of analyst notes, and now are up nearly 6% in 2025.

Barclays increased its price target for Shake Shack shares to $166 Thursday, a day after Oppenheimer raised its to $160. Their price targets are the two highest of 13 analysts who cover Shake Shack and are tracked by Visible Alpha. The average price target of that group is just under $125.

Shake Shack's plans to add more locations and new corporate leadership stood out to both Barclays and Oppenheimer analysts. (One relatively recent hire, Chief Communications Officer Luke DeRouen, is leading an initiative to create a tagline for the fast-casual concept.)

"With new leadership comes new ideas and operating efficiencies, while still in outsized growth mode," Barclays wrote in note on high-growth, high-valuation restaurants.

Oppenheimer said the stock had been outperforming peers in recent weeks. Since early April, "SHAK is +77% (vs. S&P's +22%), representing best performance among growth peers over [the] same time-frame (+14% average)," analysts said.

Bank of America also bumped up its price target for Shake Shack shares this week, to $134 from $112.

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