News articles about Shake Shack (NYSE:SHAK) have trended somewhat positive on Saturday, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Shake Shack earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave news coverage about the company an impact score of 43.096348319214 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
SHAK has been the topic of several research reports. SunTrust Banks restated a “buy” rating and issued a $48.00 target price on shares of Shake Shack in a report on Thursday, October 12th. BidaskClub upgraded shares of Shake Shack from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Morgan Stanley upgraded shares of Shake Shack from an “underweight” rating to an “equal weight” rating and dropped their price target for the stock from $43.04 to $34.00 in a research note on Thursday, December 7th. Cowen lifted their price target on shares of Shake Shack from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Thursday, November 2nd. Finally, Jefferies Group cut shares of 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 Friday, December 22nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $37.76.
Shares of Shake Shack (SHAK) traded down $0.33 during trading hours on Friday, reaching $43.15. 405,336 shares of the company traded hands, compared to its average volume of 784,261. The company has a market cap of $1,580.00 and a P/E ratio of 69.60. Shake Shack has a one year low of $30.12 and a one year high of $47.39.
Shake Shack (NYSE:SHAK) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. The company had revenue of $94.60 million for the quarter, compared to the consensus estimate of $94.17 million. Shake Shack had a net margin of 4.78% and a return on equity of 9.42%. The firm’s revenue was up 26.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 EPS. analysts forecast that Shake Shack will post 0.52 EPS for the current year.
In related news, Director Daniel Harris Meyer sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $36.27, for a total transaction of $1,632,150.00. Following the completion of the transaction, the director now owns 642 shares in the company, valued at approximately $23,285.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Zach Koff sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $37.00, for a total transaction of $185,000.00. Following the transaction, the chief operating officer now owns 8,978 shares of the company’s stock, valued at approximately $332,186. The disclosure for this sale can be found here. Insiders sold a total of 1,058,737 shares of company stock valued at $43,750,477 in the last ninety days. Corporate insiders own 34.91% of the company’s stock.
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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.
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