Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Shake Shack (SHAK) Share Price

Media headlines about Shake Shack (NYSE:SHAK) have trended somewhat positive on Sunday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. 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 news sentiment score of 0.08 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.9960501696557 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:

A number of brokerages have recently issued reports on SHAK. TheStreet raised Shake Shack from a “d” rating to a “c-” rating in a research note on Thursday, August 3rd. Barclays PLC dropped their price target on Shake Shack from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, August 4th. Wedbush dropped their price target on Shake Shack from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, August 4th. BidaskClub downgraded Shake Shack from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research downgraded Shake Shack from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Shake Shack presently has a consensus rating of “Hold” and a consensus price target of $37.60.

Shares of Shake Shack (NYSE:SHAK) opened at 32.33 on Friday. The firm’s 50-day moving average price is $34.28 and its 200-day moving average price is $34.87. The company has a market capitalization of $839.97 million, a price-to-earnings ratio of 56.32 and a beta of 1.29. Shake Shack has a one year low of $30.36 and a one year high of $39.70.

Shake Shack (NYSE:SHAK) last released its earnings results on Thursday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.04. Shake Shack had a net margin of 4.70% and a return on equity of 8.71%. The firm had revenue of $91.30 million during the quarter, compared to analyst estimates of $89 million. During the same period last year, the business earned $0.14 earnings per share. The business’s revenue was up 37.3% on a year-over-year basis. Analysts anticipate that Shake Shack will post $0.52 earnings per share for the current year.

In other news, insider Equity Group L.P. Select sold 51,971 shares of Shake Shack stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $37.71, for a total transaction of $1,959,826.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel Harris Meyer sold 25,000 shares of Shake Shack stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $38.04, for a total transaction of $951,000.00. The disclosure for this sale can be found here. Insiders have sold 193,744 shares of company stock valued at $7,092,306 over the last quarter. Company insiders own 34.91% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Shake Shack (SHAK) Share Price” was originally reported by Transcript Daily and is the property of of Transcript Daily. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://transcriptdaily.com/2017/08/13/somewhat-favorable-media-coverage-somewhat-unlikely-to-impact-shake-shack-shak-share-price.html.

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.

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

Receive News & Ratings for Shake Shack Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shake Shack Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply