Shake Shack (SHAK) Getting Somewhat Positive Media Coverage, Analysis Finds

News stories about Shake Shack (NYSE:SHAK) have trended somewhat positive recently, according to Alpha One Sentiment Analysis. The research firm, a service of Accern, identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Shake Shack earned a daily sentiment score of 0.04 on Alpha One’s scale. Alpha One also assigned news articles about the company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the next several days.

These are some of the media stories that may have effected AlphaOne Sentiment’s scoring:

Shake Shack (NYSE:SHAK) traded down 1.574% during trading on Friday, hitting $33.465. 46,580 shares of the stock were exchanged. The stock has a 50 day moving average price of $32.55 and a 200-day moving average price of $34.65. Shake Shack has a 12-month low of $30.36 and a 12-month high of $42.94. The firm has a market capitalization of $852.35 million, a PE ratio of 63.142 and a beta of 1.31.

Shake Shack (NYSE:SHAK) last announced its quarterly earnings data on Wednesday, March 1st. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The business had revenue of $73.30 million for the quarter, compared to analyst estimates of $70.68 million. Shake Shack had a net margin of 3.97% and a return on equity of 7.12%. The company’s revenue for the quarter was up 43.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 earnings per share. On average, equities research analysts anticipate that Shake Shack will post $0.50 earnings per share for the current fiscal year.

A number of research firms have recently issued reports on SHAK. Buckingham Research reduced their target price on Shake Shack to $39.00 and set an “in-line” rating for the company in a report on Thursday, March 2nd. Zacks Investment Research upgraded Shake Shack from a “sell” rating to a “hold” rating in a report on Tuesday, February 14th. Wedbush restated an “underperform” rating and issued a $30.00 target price on shares of Shake Shack in a report on Friday, March 3rd. SunTrust Banks, Inc. restated a “buy” rating and issued a $49.00 target price on shares of Shake Shack in a report on Sunday, March 5th. Finally, Stifel Nicolaus reduced their target price on Shake Shack from $35.00 to $33.00 and set a “hold” rating for the company in a report on Thursday, March 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $37.61.

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In other Shake Shack news, COO Zach Koff sold 2,000 shares of Shake Shack stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $31.96, for a total value of $63,920.00. Following the sale, the chief operating officer now owns 2,799 shares of the company’s stock, valued at $89,456.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Randall J. Garutti sold 8,000 shares of Shake Shack stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $32.23, for a total transaction of $257,840.00. Following the completion of the sale, the chief executive officer now directly owns 20,213 shares in the company, valued at approximately $651,464.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,000 shares of company stock worth $1,862,140. Insiders own 44.69% 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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