Media stories about Shake Shack (NYSE:SHAK) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media 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 negative one to positive one, with scores nearest to one being the most favorable. Shake Shack earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 47.1577339602145 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
Shares of Shake Shack (SHAK) opened at $41.37 on Wednesday. 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 $1,505.15, a price-to-earnings ratio of 71.89, a PEG ratio of 3.97 and a beta of 1.41.
Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, February 15th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.04. Shake Shack had a negative net margin of 0.63% and a positive return on equity of 9.47%. The business had revenue of $96.14 million during the quarter, compared to analyst estimates of $92.80 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The company’s revenue for the quarter was up 31.2% compared to the same quarter last year. analysts predict that Shake Shack will post 0.46 earnings per share for the current fiscal year.
Several brokerages 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 target for the company. in a report on Friday, December 22nd. Cowen boosted their price target on shares of Shake Shack from $36.00 to $42.00 and gave the stock a “market perform” rating in a report on Tuesday, December 19th. Barclays reissued an “equal weight” rating and issued a $49.00 price target (up previously from $36.00) on shares of Shake Shack in a report on Tuesday, January 16th. Morgan Stanley raised shares of Shake Shack from an “underweight” rating to an “equal weight” rating and cut their price target for the stock from $43.04 to $34.00 in a report on Thursday, December 7th. Finally, Wedbush reissued a “hold” rating and issued a $38.00 price target on shares of Shake Shack in a report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $39.73.
In other news, CEO Randall J. Garutti sold 11,000 shares of the business’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $44.64, for a total transaction of $491,040.00. Following the transaction, the chief executive officer now owns 21,961 shares of the company’s stock, valued at approximately $980,339.04. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Zach Koff sold 3,000 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $40.98, for a total transaction of $122,940.00. Following the transaction, the chief operating officer now directly owns 6,978 shares in the company, valued at approximately $285,958.44. The disclosure for this sale can be found here. Insiders have sold 650,936 shares of company stock valued at $28,190,354 in the last ninety days. Insiders own 34.91% of the company’s stock.
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.