Media stories about Shake Shack (NYSE:SHAK) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Shake Shack earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.1862480489661 out of 100, indicating 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 media stories that may have impacted Accern Sentiment’s scoring:
A number of equities analysts recently issued reports on SHAK shares. Jefferies Group cut Shake Shack from a “hold” rating to an “underperform” rating and set a $36.00 target price for the company. in a research report on Friday, December 22nd. BidaskClub raised Shake Shack from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 14th. Cowen lifted their price objective 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. Morgan Stanley raised Shake Shack from an “underweight” rating to an “equal weight” rating and reduced their price objective for the company from $43.04 to $34.00 in a research report on Thursday, December 7th. Finally, Barclays restated an “equal weight” rating and set a $49.00 target price (up from $36.00) on shares of Shake Shack in a report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Shake Shack has a consensus rating of “Hold” and an average target price of $38.94.
Shake Shack (NYSE:SHAK) opened at $39.22 on Tuesday. The company has a market capitalization of $1,440.00, a P/E ratio of 63.26, a PEG ratio of 3.19 and a beta of 1.33. Shake Shack has a 1-year low of $30.12 and a 1-year high of $47.39.
In related news, Director Jonathan D. Sokoloff sold 522,867 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $40.32, for a total value of $21,081,997.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Randall J. Garutti sold 8,000 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $37.24, for a total transaction of $297,920.00. Following the completion of the transaction, the chief executive officer now directly owns 18,961 shares of the company’s stock, valued at $706,107.64. The disclosure for this sale can be found here. Insiders sold a total of 1,034,707 shares of company stock worth $43,848,268 over the last three months. 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.
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