Shake Shack (SHAK) Earning Somewhat Positive News Coverage, Analysis Shows
Media coverage about Shake Shack (NYSE:SHAK) has trended somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than 20 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 news impact score of 0.13 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.5883597798566 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern’s analysis:
- Many Tasty Returns? Shake Shack, Chipotle Could Get Tax Reform Boost (finance.yahoo.com)
- Shake Shack’s business model vexes investors (arkansasonline.com)
- Why short sellers are salivating over big lines at Shake Shacks – Crain’s New York Business (crainsnewyork.com)
- Shake Shack, Inc. (SHAK) Director Jonathan D. Sokoloff Sells 522,867 Shares (americanbankingnews.com)
- Stocks Generating Improved Relative Strength: Shake Shack (finance.yahoo.com)
Shake Shack (SHAK) opened at $41.78 on Thursday. The firm has a market capitalization of $1,519.48, a P/E ratio of 73.88, a price-to-earnings-growth ratio of 3.58 and a beta of 1.43. Shake Shack has a 12-month low of $30.12 and a 12-month high of $43.04.
A number of analysts recently issued reports on the company. Wedbush reaffirmed a “buy” rating on shares of Shake Shack in a research report on Thursday, August 17th. SunTrust Banks reaffirmed a “buy” rating on shares of Shake Shack in a research report on Monday, August 21st. Cowen reaffirmed a “hold” rating and issued a $35.00 target price on shares of Shake Shack in a research report on Tuesday, September 12th. BidaskClub raised Shake Shack from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 23rd. Finally, Morgan Stanley lifted their target price 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $37.33.
In other news, Director Jeffrey Flug sold 39,619 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $31.40, for a total value of $1,244,036.60. Following the transaction, the director now owns 4,415 shares of the company’s stock, valued at $138,631. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Peggy Rubenzer sold 5,400 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $37.90, for a total value of $204,660.00. Following the completion of the transaction, the senior vice president now directly owns 22,815 shares in the company, valued at approximately $864,688.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 748,566 shares of company stock worth $29,047,300. Company insiders own 34.91% of the company’s stock.
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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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