Shake Shack (SHAK) Earning Somewhat Critical Media Coverage, Report Shows

News stories about Shake Shack (NYSE:SHAK) have trended somewhat negative recently, Alpha One Sentiment reports. The research group, a service of Accern, identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Shake Shack earned a media sentiment score of -0.01 on Alpha One’s scale. Alpha One also assigned news headlines about the company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the company’s share price in the near term.

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

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

Shares of Shake Shack (NYSE:SHAK) traded up 0.48% on Friday, reaching $37.90. The company’s stock had a trading volume of 686,202 shares. The company has a 50 day moving average of $36.89 and a 200 day moving average of $35.41. Shake Shack has a 1-year low of $30.36 and a 1-year high of $42.94. The stock has a market capitalization of $976.19 million, a P/E ratio of 70.45 and a beta of 1.31.

Shake Shack (NYSE:SHAK) last posted its earnings results on Thursday, May 4th. The company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.02. The company had revenue of $76.70 million for the quarter, compared to analyst estimates of $74.71 million. Shake Shack had a return on equity of 7.15% and a net margin of 4.55%. Shake Shack’s revenue was up 41.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.08 earnings per share. Equities research analysts expect that Shake Shack will post $0.50 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on the stock. Cowen and Company dropped their price target on shares of Shake Shack from $37.00 to $35.00 and set a “market perform” rating on the stock in a research note on Friday, May 5th. Wedbush raised shares of Shake Shack from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $33.00 to $43.00 in a research note on Thursday, May 18th. Buckingham Research raised shares of Shake Shack from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Friday, May 5th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Shake Shack from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Finally, ValuEngine raised shares of Shake Shack from a “sell” rating to a “hold” rating in a research note on Friday, May 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $37.95.

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In other Shake Shack news, Director Daniel Harris Meyer sold 25,000 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $38.04, for a total value of $951,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Randall J. Garutti sold 8,000 shares of the stock in a transaction on Monday, March 27th. The shares were sold at an average price of $32.23, for a total value of $257,840.00. Following 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. Insiders sold 470,307 shares of company stock worth $16,979,214 in the last three months. 44.69% of the stock is owned by corporate insiders.

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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