WINTON GROUP Ltd Invests $1.25 Million in Shake Shack, Inc. $SHAK

WINTON GROUP Ltd bought a new position in shares of Shake Shack, Inc. (NYSE:SHAK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,355 shares of the company’s stock, valued at approximately $1,246,000.

Several other large investors also recently bought and sold shares of SHAK. Geneos Wealth Management Inc. purchased a new stake in Shake Shack during the 1st quarter worth approximately $26,000. Assetmark Inc. grew its position in Shake Shack by 457.6% during the 4th quarter. Assetmark Inc. now owns 368 shares of the company’s stock worth $30,000 after purchasing an additional 302 shares during the last quarter. Murphy & Mullick Capital Management Corp grew its position in Shake Shack by 68.5% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 418 shares of the company’s stock worth $38,000 after purchasing an additional 170 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Shake Shack during the 3rd quarter worth approximately $38,000. Finally, IFP Advisors Inc grew its position in Shake Shack by 6,140.0% during the 4th quarter. IFP Advisors Inc now owns 624 shares of the company’s stock worth $51,000 after purchasing an additional 614 shares during the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SHAK. JPMorgan Chase & Co. dropped their target price on shares of Shake Shack from $100.00 to $85.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $76.00 price objective (down from $115.00) on shares of Shake Shack in a report on Wednesday, June 3rd. Bank of America raised shares of Shake Shack from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $88.00 to $101.00 in a report on Tuesday, March 31st. Robert W. Baird dropped their price objective on shares of Shake Shack from $76.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, June 4th. Finally, Guggenheim dropped their price objective on shares of Shake Shack from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Sixteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $94.56.

Shake Shack Stock Performance

SHAK opened at $53.12 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.69 and a quick ratio of 1.66. The firm has a fifty day moving average price of $80.65 and a 200 day moving average price of $86.25. Shake Shack, Inc. has a 1 year low of $51.60 and a 1 year high of $144.65. The stock has a market cap of $2.27 billion, a P/E ratio of 54.21, a P/E/G ratio of 2.30 and a beta of 1.63.

Insider Activity at Shake Shack

In related news, Director Sumaiya Balbale acquired 4,068 shares of Shake Shack stock in a transaction on Friday, May 15th. The stock was bought at an average cost of $61.42 per share, for a total transaction of $249,856.56. Following the completion of the transaction, the director owned 13,407 shares of the company’s stock, valued at approximately $823,457.94. The trade was a 43.56% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Josh Silverman acquired 8,290 shares of Shake Shack stock in a transaction on Friday, May 15th. The shares were bought at an average price of $60.38 per share, with a total value of $500,550.20. Following the completion of the transaction, the director directly owned 8,290 shares of the company’s stock, valued at $500,550.20. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 50,616 shares of company stock valued at $3,109,782 in the last three months. Company insiders own 8.32% of the company’s stock.

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.