Shake Shack (NYSE:SHAK) Getting Somewhat Favorable News Coverage, Report Finds

Media headlines about Shake Shack (NYSE:SHAK) have trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Shake Shack earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the company an impact score of 44.9248909280197 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:

Shares of SHAK opened at $43.43 on Friday. Shake Shack has a 12 month low of $30.12 and a 12 month high of $47.39. The firm has a market cap of $1,587.01, a PE ratio of 75.70, a price-to-earnings-growth ratio of 4.22 and a beta of 1.29.

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, beating the consensus estimate of $0.06 by $0.04. The firm had revenue of $96.14 million for the quarter, compared to the consensus estimate of $92.80 million. Shake Shack had a positive return on equity of 9.47% and a negative net margin of 0.63%. The firm’s revenue was up 31.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 EPS. sell-side analysts expect that Shake Shack will post 0.45 earnings per share for the current year.

A number of equities research analysts recently commented on SHAK shares. Jefferies Group downgraded Shake Shack from a “hold” rating to an “underperform” rating and set a $36.00 target price on the stock. in a research report on Friday, December 22nd. ValuEngine raised Shake Shack from a “hold” rating to a “buy” rating in a research note on Saturday, April 7th. SunTrust Banks set a $54.00 price objective on Shake Shack and gave the stock a “buy” rating in a research note on Friday, February 16th. Wedbush reissued a “hold” rating and set a $38.00 price objective on shares of Shake Shack in a research note on Friday, February 16th. Finally, TheStreet cut Shake Shack from a “c” rating to a “d+” rating in a research note on Friday, March 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $41.63.

In other Shake Shack news, Director Jeffrey Flug sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $42.36, for a total value of $1,059,000.00. Following the transaction, the director now directly owns 4,415 shares of the company’s stock, valued at approximately $187,019.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Randall J. Garutti sold 20,000 shares of Shake Shack stock in a transaction that occurred on Monday, March 26th. The shares were sold at an average price of $41.01, for a total transaction of $820,200.00. Following the sale, the chief executive officer now directly owns 38,041 shares in the company, valued at approximately $1,560,061.41. The disclosure for this sale can be found here. Insiders have sold a total of 388,000 shares of company stock worth $15,948,997 over the last 90 days. Insiders own 34.91% of the company’s stock.

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Shake Shack Company Profile

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 27, 2017, it had 159 Shacks, including 90 domestic company-operated Shacks, 10 domestic licensed Shacks, and 59 international licensed Shacks.

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

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