News articles about Shake Shack (NYSE:SHAK) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Shake Shack earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.834715437613 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- HMSHost and Shake Shack partner to open the iconic burger restaurant in airports and on motorways across North America (travelprnews.com)
- St. Louis could be the next hot market for big restaurant brands (bizjournals.com)
- Best fast food burger in Las Vegas? It’s the one that’s coming to Seattle’s South Lake Union – GeekWire (geekwire.com)
- Eating Shake Shack Made Me Feel Healthier Than Dieting Ever Did … – HuffPost (huffingtonpost.com)
- Downtown Brooklyn Shake Shack sues to keep seating area – New York Post (nypost.com)
Shares of Shake Shack (NYSE SHAK) opened at $43.15 on Tuesday. The stock has a market capitalization of $1,584.86, a P/E ratio of 69.60, a PEG ratio of 3.51 and a beta of 1.43. Shake Shack has a 1 year low of $30.12 and a 1 year high of $47.39.
Several brokerages have commented on SHAK. Jefferies Group downgraded Shake Shack from a “hold” rating to an “underperform” rating and set a $36.00 price target on the stock. in a research report on Saturday, December 30th. BidaskClub raised Shake Shack from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 23rd. Morgan Stanley lifted their price target on Shake Shack from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd. Wedbush downgraded Shake Shack from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $40.00 to $36.00 in a research report on Tuesday, September 26th. Finally, Barclays boosted their price objective on Shake Shack from $34.00 to $36.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $37.76.
In related news, Director Daniel Harris Meyer sold 45,000 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $36.27, for a total value of $1,632,150.00. Following the sale, the director now owns 642 shares of the company’s stock, valued at approximately $23,285.34. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Randall J. Garutti sold 8,000 shares of the business’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $35.62, for a total value of $284,960.00. Following the completion of the sale, the chief executive officer now directly owns 18,961 shares in the company, valued at approximately $675,390.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,058,737 shares of company stock worth $43,750,477. 34.91% of the stock is owned by insiders.
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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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