News stories about Shake Shack (NYSE:SHAK) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Shake Shack earned a news impact score of 0.18 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.7766405583438 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Shake Shack Inc (SHAK) Expected to Announce Earnings of $0.08 Per Share (americanbankingnews.com)
- Shake Shack shares wobble as fast-food chain gives weaker-than-expected full-year outlook (proactiveinvestors.co.uk)
- Shake Shack (SHAK) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS (americanbankingnews.com)
- Shake Shack (SHAK) Given a $54.00 Price Target at SunTrust Banks (americanbankingnews.com)
- Morning Movers: Coca-Cola Climbs, Shake Shack Sinks (finance.yahoo.com)
Shake Shack (NYSE SHAK) opened at $38.03 on Friday. Shake Shack has a 1 year low of $30.12 and a 1 year high of $47.39. The stock has a market cap of $1,396.80, a price-to-earnings ratio of -475.32, a P/E/G ratio of 3.07 and a beta of 1.33.
A number of research firms have recently commented on SHAK. Jefferies Group lowered shares of Shake Shack from a “hold” rating to an “underperform” rating and set a $36.00 price objective on the stock. in a research note on Friday, December 22nd. Cowen boosted their target price on shares of Shake Shack from $36.00 to $42.00 and gave the company a “market perform” rating in a research report on Tuesday, December 19th. Barclays reiterated an “equal weight” rating and set a $49.00 target price (up previously from $36.00) on shares of Shake Shack in a research report on Tuesday, January 16th. Morgan Stanley upgraded shares of Shake Shack from an “underweight” rating to an “equal weight” rating and dropped their target price for the company from $43.04 to $34.00 in a research report on Thursday, December 7th. Finally, Wedbush reiterated a “hold” rating and set a $38.00 target price on shares of Shake Shack in a research report on Friday. 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 issued a strong buy rating to the company. Shake Shack currently has an average rating of “Hold” and an average price target of $39.12.
In other Shake Shack news, SVP Peggy Rubenzer sold 5,000 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $46.37, for a total transaction of $231,850.00. Following the transaction, the senior vice president now owns 22,415 shares in the company, valued at $1,039,383.55. The transaction was disclosed in a filing with the SEC, which is accessible through 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 transaction, the chief executive officer now owns 18,961 shares in the company, valued at approximately $706,107.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,034,707 shares of company stock worth $43,848,268. Corporate insiders own 34.91% of the company’s stock.
WARNING: “Somewhat Positive Press Coverage Somewhat Unlikely to Affect Shake Shack (SHAK) Stock Price” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://www.com-unik.info/2018/02/18/somewhat-positive-press-coverage-somewhat-unlikely-to-affect-shake-shack-shak-stock-price.html.
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.
Receive News & Ratings for Shake Shack Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shake Shack and related companies with MarketBeat.com's FREE daily email newsletter.