Somewhat Positive Press Coverage Somewhat Unlikely to Impact Shake Shack (SHAK) Stock Price

Media coverage about Shake Shack (NYSE:SHAK) has trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Shake Shack earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.2832211190276 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news headlines that may have effected Accern’s scoring:

A number of equities research analysts have recently commented on SHAK shares. BidaskClub raised Shake Shack from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Morgan Stanley raised Shake Shack from an “underweight” rating to an “equal weight” rating and cut their target price for the stock from $43.04 to $34.00 in a research note on Thursday, December 7th. Barclays reissued an “equal weight” rating and issued a $49.00 target price (up from $36.00) on shares of Shake Shack in a research note on Tuesday. Cowen increased their target price on Shake Shack from $36.00 to $42.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 19th. Finally, Jefferies Group cut Shake Shack from a “hold” rating to an “underperform” rating and set a $36.00 target price on the stock. in a research note on Saturday, December 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. Shake Shack has an average rating of “Hold” and an average target price of $38.94.

Shares of Shake Shack (NYSE SHAK) opened at $43.59 on Friday. Shake Shack has a 12-month low of $30.12 and a 12-month high of $47.39. The company has a market capitalization of $1,599.18, a price-to-earnings ratio of 70.31, a P/E/G ratio of 3.52 and a beta of 1.43.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.17 EPS for the quarter, beating the 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 company had revenue of $94.60 million for the quarter, compared to analysts’ expectations of $94.17 million. During the same period last year, the firm posted $0.15 earnings per share. Shake Shack’s revenue was up 26.8% compared to the same quarter last year. analysts predict that Shake Shack will post 0.52 EPS for the current fiscal year.

In related news, CEO Randall J. Garutti sold 8,000 shares of the stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $35.62, for a total transaction of $284,960.00. Following the sale, the chief executive officer now directly owns 18,961 shares of the company’s stock, valued at $675,390.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan D. Sokoloff sold 522,867 shares of the stock in a transaction dated Thursday, November 30th. The shares were 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. Insiders have sold 1,058,737 shares of company stock worth $43,750,477 over the last ninety days. 34.91% of the stock is currently owned by 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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