Shake Shack (NYSE:SHAK) Shares Up 5.6% Following Insider Buying Activity

Market Beat
2026.05.19 14:30
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Shake Shack (NYSE:SHAK) shares rose 5.6% following insider buying, with Director Daniel Harris Meyer purchasing 32,258 shares at $61.88 each. CEO Robert Lynch and Director Sumaiya Balbale also bought shares, increasing their ownership. Analysts have mixed ratings, with a consensus target price of $107.08. The company reported a quarterly EPS of $0.00, missing estimates, but revenue increased 14.3% year-over-year.