Analyst Downgrades: Shake Shack, Dunkin Brands, Akamai

Analysts are weighing in today on dine-in operation Shake Shack Inc (NYSE:SHAK), breakfast focus Dunkin Brands Group Inc (NASDAQ:DNKN), and cloud expert Akamai Technologies, Inc. (NASDAQ:AKAM). Here's a quick roundup of today's bearish brokerage notes on SHAK, DNKN, and AKAM.

• SHAK was hit with another downgrade today, with Goldman Sachs cutting its outlook to "sell" from "neutral." Nevertheless, the stock was last seen 1.9% higher at $52.66, thanks to a broad-market halo lift. Longer term, the shares have lost nearly half their value since touching a post-IPO best of $96.75 on May 22, facing overhead pressure from their 10-day moving average. Wall Street certainly isn't fond of Shake Shack Inc at the moment, with the rest of the brokerage firms tracking the stock saying it's a "hold." SHAK's average 12-month price target, meanwhile, sits at $43.40. 


• Goldman Sachs also weighed in on DNKN, lowering its opinion to "neutral" from "buy." The rest of the analyst community is split on the shares, with 11 calling them a "buy" or better, and 10 others saying they're a "hold." The security was last seen hovering around breakeven at $55.30 -- but remains roughly 30% higher year-to-date, and just touched a record high of $56.29 on Tuesday. However, option traders have been upping the bearish ante. Dunkin Brands Group Inc's 50-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio of 0.58 is only 2 percentage points from an annual high. 


• Deutsche Bank reduced its price target on AKAM to $77 from $79, but kept its "buy" assessment. With the shares last seen at $70.04 -- a 1.7% jump -- this represents a 10% upside move for the stock. Even though Akamai Technologies, Inc. is higher year-to-date, it's underperformed the S&P 500 Index (SPX) during the past three months. Short interest fell 24.5% during the two most recent reporting periods, suggesting bears were cashing in.