Shake Shack (SHAK) Earning Somewhat Favorable Press Coverage, Study Finds

News coverage about Shake Shack (NYSE:SHAK) has been trending somewhat positive on Thursday, Accern reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Shake Shack earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.7912635453887 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:

Several research firms have issued reports on SHAK. Barclays restated an “equal weight” rating and set a $49.00 price target (up previously from $36.00) on shares of Shake Shack in a report on Tuesday, January 16th. Jefferies Group lowered shares of Shake Shack from a “hold” rating to an “underperform” rating and set a $36.00 price objective for the company. in a research note on Saturday, December 30th. Cowen lifted their price objective on shares of Shake Shack from $36.00 to $42.00 and gave the company a “market perform” rating in a research note on Tuesday, December 19th. Morgan Stanley upgraded shares of Shake Shack from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $43.04 to $34.00 in a research note on Thursday, December 7th. Finally, BidaskClub upgraded shares of Shake Shack from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.94.

Shake Shack (NYSE:SHAK) traded down $0.12 during trading hours on Thursday, hitting $39.75. 302,031 shares of the stock traded hands, compared to its average volume of 664,811. The company has a market cap of $1,483.12, a price-to-earnings ratio of 64.03, a P/E/G ratio of 3.25 and a beta of 1.33. Shake Shack has a 12 month low of $30.12 and a 12 month high of $47.39.

Shake Shack (NYSE:SHAK) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. Shake Shack had a net margin of 4.78% and a return on equity of 9.42%. The company had revenue of $94.60 million during the quarter, compared to analyst estimates of $94.17 million. During the same quarter in the previous year, the business posted $0.15 EPS. Shake Shack’s revenue for the quarter was up 26.8% compared to the same quarter last year. analysts forecast 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 Shake Shack stock in a transaction on Friday, November 24th. The shares were sold at an average price of $37.24, for a total value of $297,920.00. Following the completion of the sale, the chief executive officer now owns 18,961 shares of the company’s stock, valued at approximately $706,107.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Peggy Rubenzer sold 5,400 shares of Shake Shack stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $37.90, for a total transaction of $204,660.00. Following the completion of the sale, the senior vice president now directly owns 22,815 shares of the company’s stock, valued at approximately $864,688.50. The disclosure for this sale can be found here. In the last three months, insiders sold 1,040,107 shares of company stock valued at $44,052,928. 34.91% of the stock is currently owned by insiders.

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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.

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

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