Shake Shack (SHAK) Given Media Impact Score of 0.04

Media headlines about Shake Shack (NYSE:SHAK) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Shake Shack earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.9756752184957 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:

• Wedbush Reiterates “Buy” Rating for Shake Shack, Inc. (SHAK) (americanbankingnews.com)
• Danny Meyer on Julia Child Award, Fine-Casual Dining – Presented by: The Aol. On Network (nasdaq.com)
• Danny Meyer Says Shake Shack Growth Has Been ‘Astounding’ (finance.yahoo.com)
• Danny Meyer Says Shake Shack Growth Has Been 'Astounding' (finance.yahoo.com)

Shares of Shake Shack (NYSE:SHAK) traded down 0.25% on Thursday, hitting $31.62. 228,422 shares of the company were exchanged. Shake Shack has a 52-week low of $30.36 and a 52-week high of $39.70. The stock has a market capitalization of $821.52 million, a PE ratio of 55.09 and a beta of 1.29. The firm’s 50-day moving average is $33.92 and its 200-day moving average is $34.80.

Shake Shack (NYSE:SHAK) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.16 by $0.04. Shake Shack had a net margin of 4.70% and a return on equity of 8.71%. The firm had revenue of $91.30 million for the quarter, compared to analyst estimates of $89 million. During the same period in the prior year, the business posted $0.14 EPS. The business’s revenue for the quarter was up 37.3% compared to the same quarter last year. Equities research analysts predict that Shake Shack will post $0.52 earnings per share for the current year.

Several equities research analysts have recently commented on the company. Buckingham Research upgraded Shake Shack from a “neutral” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Friday, May 5th. They noted that the move was a valuation call. Wedbush restated a “buy” rating on shares of Shake Shack in a research note on Thursday. Cowen and Company cut their price target on Shake Shack from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Friday, May 5th. Vetr upgraded Shake Shack from a “buy” rating to a “strong-buy” rating and set a $42.33 price target for the company in a research note on Wednesday, June 14th. Finally, TheStreet upgraded Shake Shack from a “d” rating to a “c-” rating in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $37.60.

In other news, SVP Peggy Rubenzer sold 7,000 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $32.17, for a total value of $225,190.00. Following the completion of the transaction, the senior vice president now owns 24,415 shares in the company, valued at approximately $785,430.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel Harris Meyer sold 25,000 shares of the firm’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $38.04, for a total transaction of $951,000.00. The disclosure for this sale can be found here. Insiders sold a total of 155,744 shares of company stock worth $5,657,896 over the last ninety days. Insiders own 34.91% of the company’s stock.

About Shake Shack

Shake Shack Inc operates roadside burger stands. The Company serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. The Company’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard.