Headlines about Shake Shack (NYSE:SHAK) have been trending somewhat positive on Saturday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Shake Shack earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.8786761635455 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern’s rankings:
- BRIEF-Shake Shack Inc says licensee to open first restaurant in Mainland China by 2019 (reuters.com)
- Shanghai Calling! Shake Shack is Shanghai Bound (finance.yahoo.com)
- Shake Shack Inc (SHAK) to Open First Mainland China Location by 2019 (investorplace.com)
- BRIEF-Shake Shack Inc says licensee to open first restaurant in Mainland China by 2019 (feeds.reuters.com)
- Shining the Spotlight on Shake Shack Inc (SHAK)’s Numbers: Technicals At a Glance – Evergreen Caller (evergreencaller.com)
Several research firms have recently commented on SHAK. Piper Jaffray Companies started coverage on Shake Shack in a report on Wednesday, May 24th. They set an “overweight” rating and a $44.00 price target on the stock. Wedbush upgraded shares of Shake Shack from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $33.00 to $43.00 in a report on Thursday, May 18th. BidaskClub lowered shares of Shake Shack from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. SunTrust Banks, Inc. set a $48.00 price objective on Shake Shack and gave the stock a “buy” rating in a research report on Tuesday, June 27th. Finally, Cowen and Company lowered their price objective on Shake Shack from $37.00 to $35.00 and set a “market perform” rating for the company in a research report on Monday, May 15th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $37.60.
Shake Shack (SHAK) traded up 0.03% during mid-day trading on Friday, reaching $31.27. The company’s stock had a trading volume of 896,045 shares. The company has a market capitalization of $812.43 million, a PE ratio of 54.48 and a beta of 1.29. The firm has a 50 day moving average price of $33.69 and a 200-day moving average price of $34.75. Shake Shack has a 1-year low of $30.36 and a 1-year high of $39.70.
Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.04. The firm had revenue of $91.30 million for the quarter, compared to analyst estimates of $89 million. Shake Shack had a return on equity of 8.71% and a net margin of 4.70%. The business’s quarterly revenue was up 37.3% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS. On average, equities analysts predict that Shake Shack will post $0.52 EPS for the current fiscal year.
In related news, Director Daniel Harris Meyer sold 25,000 shares of the firm’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $38.04, for a total transaction of $951,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Peggy Rubenzer sold 7,000 shares of Shake Shack stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $32.17, for a total value of $225,190.00. Following the completion of the sale, the senior vice president now directly owns 24,415 shares in the company, valued at approximately $785,430.55. The disclosure for this sale can be found here. In the last three months, insiders sold 94,773 shares of company stock worth $3,357,780. 34.91% of the stock is currently owned by company insiders.
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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.
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