Entropy Technologies LP Buys 23,497 Shares of Shake Shack, Inc. $SHAK

Entropy Technologies LP lifted its stake in Shake Shack, Inc. (NYSE:SHAK) by 374.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,778 shares of the company’s stock after buying an additional 23,497 shares during the period. Entropy Technologies LP’s holdings in Shake Shack were worth $2,417,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Hilton Head Capital Partners LLC bought a new stake in shares of Shake Shack in the fourth quarter valued at approximately $25,000. Geneos Wealth Management Inc. bought a new stake in shares of Shake Shack in the first quarter valued at approximately $26,000. Assetmark Inc. boosted its stake in shares of Shake Shack by 457.6% in the fourth quarter. Assetmark Inc. now owns 368 shares of the company’s stock valued at $30,000 after buying an additional 302 shares during the period. UMB Bank n.a. boosted its stake in shares of Shake Shack by 42.2% in the fourth quarter. UMB Bank n.a. now owns 391 shares of the company’s stock valued at $32,000 after buying an additional 116 shares during the period. Finally, Advisory Services Network LLC bought a new stake in shares of Shake Shack in the third quarter valued at approximately $38,000. 86.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SHAK has been the subject of several recent research reports. Zacks Research upgraded Shake Shack from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Bank of America upgraded Shake Shack from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $88.00 to $101.00 in a research note on Tuesday, March 31st. Gordon Haskett cut their target price on Shake Shack from $90.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. UBS Group restated a “neutral” rating and set a $79.00 target price on shares of Shake Shack in a research note on Wednesday, June 3rd. Finally, Wolfe Research started coverage on Shake Shack in a research note on Monday, March 9th. They set an “outperform” rating and a $118.00 target price for the company. Sixteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Shake Shack currently has an average rating of “Moderate Buy” and a consensus target price of $94.56.

Insider Buying and Selling

In related news, Director Josh Silverman acquired 8,290 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $60.38 per share, for a total transaction of $500,550.20. Following the completion of the acquisition, the director directly owned 8,290 shares of the company’s stock, valued at approximately $500,550.20. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Daniel Harris Meyer acquired 32,258 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average price of $61.88 per share, with a total value of $1,996,125.04. Following the completion of the acquisition, the director directly owned 378,670 shares of the company’s stock, valued at $23,432,099.60. This trade represents a 9.31% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 50,616 shares of company stock worth $3,109,782 in the last ninety days. Insiders own 8.32% of the company’s stock.

Shake Shack Stock Up 0.2%

Shares of SHAK opened at $58.36 on Tuesday. Shake Shack, Inc. has a 52 week low of $51.60 and a 52 week high of $144.65. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 59.55, a PEG ratio of 2.56 and a beta of 1.63. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.66 and a current ratio of 1.69. The stock has a fifty day moving average of $77.65 and a 200-day moving average of $85.22.

About Shake Shack

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.