Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Shake Shack (SHAK) Stock Price
News articles about Shake Shack (NYSE:SHAK) have been trending somewhat positive on Sunday, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Shake Shack earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.9307327918477 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Zoe’s Kitchen Sets Expectations For Key 2018 Operating Metrics, But Store Traffic Trends Loom Larger. – Seeking Alpha (seekingalpha.com)
- Comprehensive Stock Analysis – Shake Shack Inc. (NYSE: SHAK) – Alpha Beta Stock (alphabetastock.com)
- Why Shake Shack Inc. Stock Climbed 21% Last Year – Motley Fool (fool.com)
- Slim Chickens Picks ArrowStream to Drive Visibility to Fuel its Rapid Growth (broadwayworld.com)
- Why Shake Shack Stock Climbed 21% Last Year (finance.yahoo.com)
Shake Shack (NYSE:SHAK) opened at $43.15 on Friday. The firm has a market capitalization of $1,584.86, a P/E ratio of 69.60, a P/E/G ratio of 3.51 and a beta of 1.43. Shake Shack has a 12-month low of $30.12 and a 12-month high of $47.39.
Shake Shack (NYSE:SHAK) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. The business had revenue of $94.60 million during the quarter, compared to analysts’ expectations of $94.17 million. Shake Shack had a return on equity of 9.42% and a net margin of 4.78%. The business’s revenue was up 26.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 earnings per share. analysts expect that Shake Shack will post 0.52 EPS for the current fiscal year.
Several brokerages recently weighed in on SHAK. BidaskClub upgraded Shake Shack from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 23rd. Morgan Stanley lifted their price target on Shake Shack from $32.00 to $34.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Wedbush cut Shake Shack from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $40.00 to $36.00 in a research report on Tuesday, September 26th. SunTrust Banks reiterated a “buy” rating and set a $50.00 price target on shares of Shake Shack in a research report on Friday, November 3rd. Finally, Barclays lifted their price target on Shake Shack from $34.00 to $36.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $37.76.
In other news, Director Jonathan D. Sokoloff sold 522,867 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was 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 through the SEC website. Also, major shareholder Equity Group L.P. Select sold 52,276 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $45.03, for a total value of $2,353,988.28. The disclosure for this sale can be found here. Insiders sold 1,058,737 shares of company stock valued at $43,750,477 over the last 90 days. Company insiders own 34.91% of the company’s stock.
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.
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