Entropy Technologies LP Has $753,000 Position in Shake Shack, Inc. $SHAK

Entropy Technologies LP lessened its stake in Shake Shack, Inc. (NYSE:SHAK) by 71.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,508 shares of the company’s stock after selling 21,270 shares during the period. Entropy Technologies LP’s holdings in Shake Shack were worth $753,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SHAK. Geneos Wealth Management Inc. bought a new position in shares of Shake Shack during the first quarter worth about $26,000. Hilton Head Capital Partners LLC acquired a new position in shares of Shake Shack in the fourth quarter worth approximately $25,000. Assetmark Inc. boosted its holdings in 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 acquiring an additional 302 shares during the last quarter. UMB Bank n.a. boosted its holdings in 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 acquiring an additional 116 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Shake Shack during the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 86.07% of the company’s stock.

Insider Activity

In related news, Director Jeffrey Flug acquired 1,000 shares of Shake Shack stock in a transaction dated Friday, May 15th. The stock was bought at an average price of $61.30 per share, with a total value of $61,300.00. Following the transaction, the director directly owned 5,470 shares in the company, valued at $335,311. This represents a 22.37% increase in their position. The purchase 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 Shake Shack stock in a transaction dated Friday, May 15th. The shares were bought at an average cost of $61.88 per share, with a total value of $1,996,125.04. Following the transaction, the director owned 378,670 shares in the company, valued at approximately $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. In the last three months, insiders purchased 50,616 shares of company stock worth $3,109,782. Company insiders own 8.32% of the company’s stock.

Shake Shack Trading Up 2.6%

Shares of SHAK stock opened at $63.16 on Wednesday. The company has a market cap of $2.70 billion, a P/E ratio of 64.45, a PEG ratio of 4.76 and a beta of 1.63. The stock has a 50 day simple moving average of $58.02 and a two-hundred day simple moving average of $79.55. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.66 and a current ratio of 1.69. Shake Shack, Inc. has a fifty-two week low of $51.60 and a fifty-two week high of $142.20.

Analysts Set New Price Targets

SHAK has been the subject of several analyst reports. DA Davidson restated a “buy” rating and set a $70.00 price target on shares of Shake Shack in a report on Monday, June 29th. TD Cowen reaffirmed a “hold” rating and issued a $70.00 price objective on shares of Shake Shack in a research note on Wednesday, June 3rd. Guggenheim decreased their price objective on shares of Shake Shack from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, May 11th. UBS Group reissued a “neutral” rating and set a $79.00 target price on shares of Shake Shack in a research note on Wednesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Shake Shack from $105.00 to $93.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Fifteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $89.39.

Shake Shack Company Profile

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.