Somewhat Favorable News Coverage Somewhat Unlikely to Affect Shake Shack (NYSE:SHAK) Stock Price

News headlines about Shake Shack (NYSE:SHAK) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Shake Shack earned a news impact score of 0.11 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.5100744049972 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

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

Shares of Shake Shack (NYSE SHAK) opened at $42.31 on Wednesday. The stock has a market capitalization of $1,519.48, a PE ratio of 73.88, a price-to-earnings-growth ratio of 3.58 and a beta of 1.43. Shake Shack has a 52 week low of $30.12 and a 52 week high of $42.46.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Shake Shack had a return on equity of 9.42% and a net margin of 4.78%. The firm had revenue of $94.60 million for the quarter, compared to the consensus estimate of $94.17 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The company’s quarterly revenue was up 26.8% on a year-over-year basis. equities analysts predict that Shake Shack will post 0.52 earnings per share for the current fiscal year.

Several brokerages have issued reports on SHAK. SunTrust Banks reiterated a “buy” rating and issued a $48.00 price target on shares of Shake Shack in a report on Thursday, October 12th. BidaskClub upgraded Shake Shack from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Cowen increased their price target on Shake Shack from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, November 2nd. Wedbush reaffirmed a “hold” rating and set a $36.00 price target on shares of Shake Shack in a research report on Thursday, November 2nd. Finally, Barclays raised their target price on Shake Shack from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. Shake Shack currently has an average rating of “Hold” and an average target price of $37.33.

In other news, Director Jeffrey Flug sold 39,619 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $31.40, for a total value of $1,244,036.60. Following the sale, the director now directly owns 4,415 shares of the company’s stock, valued at approximately $138,631. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jonathan D. Sokoloff sold 522,867 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $40.32, for a total value of $21,081,997.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 748,566 shares of company stock worth $29,047,300. 34.91% of the stock is owned by company insiders.

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Shake Shack Company Profile

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.

Insider Buying and Selling by Quarter for Shake Shack (NYSE:SHAK)

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